On October 28, Xinhua News Agency announced the Enterprise State-owned Assets Law of the People's Republic of China, passed by the Fifth Session of the 11th Standing Committee of the National People's Congress.　The law tightens control over assets transfer, saying that when converting state-owned assets such as tangible assets, IPRs and land use rights into shares, assets shall be evaluated under relevant rules.

State-owned assets are owned by the whole people in the name of the country.  The State Council enforces the ownership of state-owned assets on behalf of the country.  The country establishes and improves provisions to manage and monitor state-owned assets as well as systems to evaluation on preserving and appreciating the value of state-owned assets and sanctions for wrongdoers.

(China IP News)