1.> Authorized by Yunnan Provincial People¡¯s Government, SASAC shall, on behalf of the provider, supervise and control the state-owned assets of enterprises, and direct and promote the reform and reorganization of state-owned enterprise according to the Company Law of the People¡¯s Republic of China, the Provisional Regulations on the Supervision and Control over the State-owned Assets of Enterprises and other relevant laws and regulations. SASAC shall supervise provincial enterprises in preserving and increasing the value of their state-owned assets, promote the establishment of modern system in state-owned enterprises and improve the structure of companies for the purpose of accomplishing the strategic adjustment of economic structure and plan.
2.> On behalf of the Provincial People¡¯s Government, SASAC shall appoint members of board of supervision to some large provincial enterprises. SASAC shall be responsible for the routine management of the supervisors and the board of supervision.
3.> SASAC shall appoint, remove or appraise superintendents of enterprises by legal procedures, and award or punish superintendents based on their performance. SASAC shall build personnel mechanism to meet the demand for talents suitable to socialist economic system and modern enterprise system and improve the system of encouragement or restriction for managers.
4.> SASAC shall supervise the value preservation and increase of provincial state-owned assets by statistics, check and inspection, build and improve the system of targets for preserving and increasing value of state-owned assets, and work out the standards for appraisal to uphold the rights and interests of the provider of state-owned assets.
5.> SASAC shall draw up the laws, administrative regulations and relevant rules on the supervision and control of state-owned assets in Yunnan, and shall instruct and supervise the control of state-owned assets by law for enterprises in prefectures and counties in Yunnan.
6.> SASAC shall fulfill other tasks for the Provincial People¡¯s Government.