State-owned Assets Supervision and Administration Commission

The 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; pinyin: Guówùyuàn guóyǒuzīchǎn jiāndū guǎnlǐ wěiyuánhuì) (abbreviation SASAC, simplified Chinese: 国资委; traditional Chinese: 國資委; pinyin: Guó zīwěi) is a special commission of the People's Republic of China, directly under the State Council. It is responsible for managing China's state-owned enterprises, 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 and party secretary is Wang Yong (王勇).

Institutions affiliated to SASAC

• Information Center
• Technological Research Center for Supervisory Panels Work
• Training Center
• Economic Research Center
• China Economics Publishing House

Industrial associations

Affiliated industrial associations include:

• China Federation of Industrial Economics [1]
• China Enterprise Confederation [2]
• China Association for Quality [3]
• China Packaging Technology Association [4]
• China International Cooperation Association for SMEs [5]
• China General Chamber of Commerce [6]
• China Federation of Logistics and Purchasing [7]
• China Coal Industry Association [8]
• China Machinery Industry Federation [9]
• China Iron and Steel Association [10]
• China Petroleum and Chemical Industry Association [11]
• China National Light Industry Associations [12]
• China National Textile Industry Council [13]
• China Building Materials Industry Association [14]
• China Nonferrous Metals Industry Association [15]

Central SOEs

As of August 2010 SASAC oversees 123 large centrally-owned companies (中央企业), based on the state-owned enterprise restruction plan, the SASAC directly-supervised SOE will be reduced to 80-100 by the ending of 2010 year.The small companies will be merged into big state-owned enterprise giants.: The listing is therefore in regular revision:

• A slightly earlier listing with 150 Central SOEs listed in English
• A more up to date (August 2010) listing with 123 Central SOEs listed in Chinese

See also

• China Beijing Equity Exchange
• China Milan Equity Exchange

External links

• SASAC (English)