Municipal State-owned Assets Commission may transfer land assets of state-owned enterprises in difficulty to subordinate wholly state-owned enterprises legally

Legal. State-owned enterprises in difficulty land assets transferred to subordinate wholly state-owned enterprises in line with the Chinese people's *** and state-owned assets management regulations, in line with the "opinions on improving the management of state-owned assets investment" requirements, in line with the "special provisions relating to the state-owned assets reserves," is legal. The practice is organized by the provincial SASAC, depending on the same municipal implementation, subject to the direct management of the SASAC, to complete the reasonable distribution and optimal allocation of state-owned assets.