China will strengthen its regulation of overseas state-owned assets this year in an effort to secure stable or increased value for those assets. That was the word Tuesday from Xiao Yaqing, chairman of China's state-owned enterprises regulator.

XIAO YAQING, CHAIRMAN STATE-OWNED ASSETS SUPERVISION AND ADMINISTRATION COMMISSION "We will change the reforming and operating system of state-owned assets, mainly by clearly defining the rights and responsibilities and the realm of regulation, so that problems of excessive, misplaced and inadequate regulation will be effectively resolved and enterprises can become real major players in the market, competing and releasing their vitality. During the regulation, we will also strengthen reform of our regulation methods, so as to better serve the requirement of adapting to the focus on capital management. In the meantime, we will strengthen accountability for violations and negligence, so as to ensure that state assets maintain and increase their value."

XIAO YAQING, CHAIRMAN STATE-OWNED ASSETS SUPERVISION AND ADMINISTRATION COMMISSION "The Belt and Road Initiative has provided many opportunities for central state-owned enterprises to go abroad. Meanwhile, it has also created many opportunities for employment and economic development for foreign countries along the routes. Moreover, it opens our gate up to welcome foreign enterprises to cooperate with central SOEs and SOEs and enter the Chinese market. The Belt and Road Initiative benefits both countries along the routes and other relevant countries around the world."