The establishment of a central regulatory body will prevent abuse of power while accelerating and institutionalizing the privatization of state-owned enterprises -- if the plan's implementation is executed well, he said.
Chang, however, expressed concerns over the design of a "checks and balances" mechanism in the proposed state holding company to prevent similar abuses of power.
"The new proposal involves huge economic benefits," Chang said, "Supporting measures to ensure the new regulatory structure's transparency, professionalism and corporate governance practices should also be facilitated."
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