Circular on Issuing the Interim Measures for Supervision and Administration of the Execution of State-owned Capital Operating Budget Outlays by Central Enterprises
Circular on Issuing the Interim Measures for Supervision and Administration of the Execution of State-owned Capital Operating Budget Outlays by Central Enterprises
Circular on Issuing the Interim Measures for Supervision and Administration of the Execution of State-owned Capital Operating Budget Outlays by Central Enterprises
Guo Zi Fa Zi Ben Gui [2019] No. 92
September 15, 2019
All central enterprises,
The Interim Measures for Supervision and Administration of the Execution of State-owned Capital Operating Budget Outlays by Central Enterprises, which were adopted upon deliberation at the seventh commission affairs meeting of the State-owned Assets Supervision and Administration Commission, are hereby issued to you for your compliance and implementation.
Interim Measures for Supervision and Administration of the Execution of State-owned Capital Operating Budget Outlays by Central Enterprises
Chapter I General Provisions
Article 1 These Measures are formulated in accordance with laws and regulations including the Company Law of the People's Republic of China, the Budget Law of the People's Republic of China, the Opinions of the State Council on Trial Implementation of State-owned Capital Operating Budget (Guo Fa [2007] No. 26), the Opinions of the Central Committee of the Communist Party of China and the State Council on Comprehensively Implementing Budget Performance Management (Zhong Fa [2018] No. 34) and the Interim Administrative Measures for Central State-owned Capital Operating Budget (Cai Yu [2016] No. 6) as well as relevant provisions with a view to strengthening the supervision and administration of the execution of state-owned capital operating budget (hereinafter referred to as "capital budget") outlays, improving the use efficiency of capital budget funds and protecting the security of state-owned capital.
Article 2 For the purpose of these Measures, execution of capital budget outlays (hereinafter referred to as "capital budget execution") refers to the process whereby enterprises with the State-owned Assets Supervision and Administration Commission (hereinafter referred to as the "SASAC") of the State Council performing the duties of investors thereof (hereinafter referred to individually as "central enterprise" and collectively as "central enterprises"), in line with capital budget management requirements, manage and use capital budget funds in a standardized manner and organize the implementation of capital budget supported items. Central enterprises' capital budget execution shall be subject to classified management in light of the nature of capital budget funds involving capital budget, cost budget and other outlay budget.
Article 3 Central enterprises shall be the implementing subject of and responsible subject for capital budget execution. A central enterprise that has secured capital budget support shall, in line with the capital budget approval requirements, prepare a capital budget execution plan, make independent decisions in accordance with the law and carry out the organization and implementation in a standardized manner.
Article 4 The SASAC shall, in light of investors' duties and in accordance with provisions on capital budget management, carry out supervision and administration of central enterprises' capital budget execution (including performance thereof) and urge the rectification of problems identified.
Chapter II Execution of Capital Budget
Article 5 A central enterprise shall include capital budget funds injected by capital budget in the enterprise budget management scope for unified control and improve the overall use efficiency of funds.
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Guo Zi Fa Zi Ben Gui [2019] No. 92
September 15, 2019
All central enterprises,
The Interim Measures for Supervision and Administration of the Execution of State-owned Capital Operating Budget Outlays by Central Enterprises, which were adopted upon deliberation at the seventh commission affairs meeting of the State-owned Assets Supervision and Administration Commission, are hereby issued to you for your compliance and implementation.
Interim Measures for Supervision and Administration of the Execution of State-owned Capital Operating Budget Outlays by Central Enterprises
Chapter I General Provisions
Article 1 These Measures are formulated in accordance with laws and regulations including the Company Law of the People's Republic of China, the Budget Law of the People's Republic of China, the Opinions of the State Council on Trial Implementation of State-owned Capital Operating Budget (Guo Fa [2007] No. 26), the Opinions of the Central Committee of the Communist Party of China and the State Council on Comprehensively Implementing Budget Performance Management (Zhong Fa [2018] No. 34) and the Interim Administrative Measures for Central State-owned Capital Operating Budget (Cai Yu [2016] No. 6) as well as relevant provisions with a view to strengthening the supervision and administration of the execution of state-owned capital operating budget (hereinafter referred to as "capital budget") outlays, improving the use efficiency of capital budget funds and protecting the security of state-owned capital.
Article 2 For the purpose of these Measures, execution of capital budget outlays (hereinafter referred to as "capital budget execution") refers to the process whereby enterprises with the State-owned Assets Supervision and Administration Commission (hereinafter referred to as the "SASAC") of the State Council performing the duties of investors thereof (hereinafter referred to individually as "central enterprise" and collectively as "central enterprises"), in line with capital budget management requirements, manage and use capital budget funds in a standardized manner and organize the implementation of capital budget supported items. Central enterprises' capital budget execution shall be subject to classified management in light of the nature of capital budget funds involving capital budget, cost budget and other outlay budget.
Article 3 Central enterprises shall be the implementing subject of and responsible subject for capital budget execution. A central enterprise that has secured capital budget support shall, in line with the capital budget approval requirements, prepare a capital budget execution plan, make independent decisions in accordance with the law and carry out the organization and implementation in a standardized manner.
Article 4 The SASAC shall, in light of investors' duties and in accordance with provisions on capital budget management, carry out supervision and administration of central enterprises' capital budget execution (including performance thereof) and urge the rectification of problems identified.
Chapter II Execution of Capital Budget
Article 5 A central enterprise shall include capital budget funds injected by capital budget in the enterprise budget management scope for unified control and improve the overall use efficiency of funds.
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