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Engineers install a smart sewing machine in a workshop in the Lintong Production Base of the China Typical Industries Group Co. Ltd., a state-owned enterprise, in Xi'an, Shaanxi Province in northwest China, on November 18. According to the State-Owned Assets Supervision and Administration Commission of Xi'an, assets of municipal state-owned enterprises of the city increased 20.51 percent year on year to 2.12 trillion yuan ($317 billion) by the end of October. [Extracted from the article]

The article discusses the release of a document by China's State-Owned Assets Supervision and Administration Commission of the State Council to avoid asset losses with an accountability mechanism to punish illegal business operations and investments by state-owned enterprises.

The article presents an interview with Shao Ning, vice chairman of the State-owned Assets Supervision and Administration Commission of the State Council, about state-owned enterprises (SOE). In this interview, he discusses the latest progress on the reform of SOE and state-owned assets management system in major cities. Moreover, he mentions the next step in the reform process of SOE in major cities.

Examines the procedures from the perspectives of the Chinese government and the state-owned enterprises (SOE), and the mechanisms for acquiring SOE assets in China. Outline of the letter of intent given to a foreign or potential investor; Asset valuation of businesses; Importance of selecting a firm to conduct due diligence work.