On the 3rd, it was learned from the State owned Assets Supervision and Administration Commission of the State Council that in order to further improve the system of state-owned asset trading in enterprises, enhance the efficiency and standardization of state-owned asset circulation and allocation, the State owned Assets Supervision and Administration Commission of the State Council recently revised and issued the "Operating Rules for State owned Asset Trading in Enterprises". This revision of the rules has improved the operational norms for state-owned asset transactions in enterprises, added standardized operational procedures and principles for capital increase and physical asset transfer of state-owned enterprises, filled relevant institutional gaps, promoted standardized transactions of various assets, and effectively prevented the loss of state-owned assets. Focusing on comprehensively improving the efficiency of resource circulation and allocation, rules fully play the decisive role of the market in resource allocation, further optimize transaction processes, compress transaction cycles, and reduce transaction costs. For example, the rules clarify the key points for selecting investors during the process of increasing capital in enterprises, refine and clarify the methods for reducing prices of trading projects, shorten the disclosure time of relevant project information, etc., to promote the smooth flow of state-owned assets in enterprises and optimize their allocation. In terms of effectively safeguarding the rights and interests of all parties involved in transactions, the rules fully reflect the principles of openness, fairness, and impartiality in transactions. They clarify the main processes of enterprise state-owned asset transactions from decision approval, information release to transaction completion and transfer, the basic content of transaction contract terms, as well as related requirements such as related party avoidance, name and trade name use, confidentiality obligations, and file retention involved in the transaction process. They clarify the rights and obligations of all parties involved in the transaction, improve the standardization and efficiency of operations, and ensure that the legitimate rights and interests of all parties are effectively protected. It is understood that the rules will come into effect from the date of issuance. Next, the State owned Assets Supervision and Administration Commission of the State Council will strengthen the interpretation and promotion of the rules, promote the standardized and smooth circulation of state-owned assets in enterprises, and continuously improve the efficiency of resource allocation. (New Society)