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BEIJING, Jan. 14-- The State Council, China's cabinet, will report the condition and management of state asset to the Standing Committee of the National People's Congress (NPC) annually, said a key document made public Sunday. The State Council will submit two types of reports to the top legislature, according to a guideline issued by the Communist Party of China (CPC) Central Committee. One will be a general report on basic conditions of all sorts of state asset, which the State Council will hand in a written one annually and send an official to explain to the lawmakers in the last year of their tenure. The other will be a report on specific aspects of state asset, such as state-owned enterprises, state-owned financial institutions, state-run non-commercial institutions and state-owned natural resources. Every year, except for the last of the legislature's tenure, the State Council is required to dispatch an official to explain one of the specific reports to lawmakers. The general report will include information nationwide but specific reports on state-owned enterprises and financial institutions will mainly cover those supervised by the central government. The official to explain the reports can be the premier or senior officials in charge of state asset, according to the guideline. The move to establish such a mechanism is "a vital decision by the CPC Central Committee to enhance supervision by the NPC over state asset and an essential system for the Party and state to tighten management of state asset," said the guideline. | 
