State-owned Assets Supervision and Administration Commission

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State-owned Assets Supervision and Administration Commission of the State Council
Simplified Chinese 国务院国有资产监督管理委员会
Traditional Chinese 國務院國有資產監督管理委員會

The State-owned Assets Supervision and Administration Commission of the State Council (abbreviation SASAC, simplified Chinese: 国资委; traditional Chinese: 國資委; pinyin: Guózīwěi) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries.[1] As part of economic reform, nearly half of state-owned enterprises were sold off in the form of stocks. SASAC is responsible for managing the remaining SOEs, including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to state-owned enterprises.

The chairman of the commission is Zhang Yi.

Institutions affiliated to SASAC[edit]

  • Information Center
  • Technological Research Center for Supervisory Panels Work
  • Training Center
  • Economic Research Center
  • China Economics Publishing House
  • China Business Executives Academy Dalian

Industrial associations[edit]

Affiliated industrial associations include:

Central SOEs[edit]

As of 2012 SASAC oversees 117 large centrally-owned companies (中央企业). Based on the state-owned enterprise restructuring plan, the SASAC directly-supervised SOE were reduced by the end of 2010 as small companies were merged into big state-owned enterprise giants.[2][3] The following are examples of large centrally-owned companies:

See also[edit]

References[edit]

  1. ^ Starr, John Bryan (2010). Understanding China: A Guide to China's Economy, History, and Political Culture (3rd ed.). New York: Hill and Wang. p. 99. 
  2. ^ Reuters
  3. ^ Listing with 117 Central SOEs listed in English

External links[edit]