State-owned Assets Supervision and Administration Commission
Guówùyuàn Guóyǒu Zīchǎn Jiāndū Guǎnlǐ Wěiyuánhuì
Logo of SASAC
|Formed||10 March 2003|
|Parent agency||State Council of the People's Republic of China|
|State-owned Assets Supervision and Administration Commission of the State Council|
|Literal meaning||State Assets Commission|
|This article is part of a series on the|
politics and government of
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) 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. SASAC is responsible for managing 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.
As of 2017[update], its companies had a combined assets of CN¥161 trillion (US$26 trillion), revenue of more than CN¥23.4 trillion (US$3.6 trillion), and an estimated stock value of CN¥50 trillion (US$7.6 trillion), making it the largest economic entity in the world.
SASAC currently oversees 97 centrally owned companies. Companies directly supervised by SASAC are continuously reduced through mergers according to the state-owned enterprise restructuring plan with the number of SASAC companies down from over 150 in 2008.
Institutions affiliated to SASAC
- Information Center
- Technological Research Center for Supervisory Panels Work
- Training Center
- Economic Research Center
- China Economics Publishing House
- China Business Executives Academy, Dalian
Affiliated industrial associations include:
- China Federation of Industrial Economics 
- China Enterprise Confederation 
- China Association for Quality 
- China Packaging Technology Association 
- China International Cooperation Association for SMEs 
- China General Chamber of Commerce 
- China Federation of Logistics and Purchasing 
- China Coal Industry Association 
- China Machinery Industry Federation 
- China Iron and Steel Association
- China Petroleum and Chemical Industry Association 
- China National Light Industry Associations 
- China National Textile Industry Council 
- China Building Materials Industry Association 
- China Nonferrous Metals Industry Association 
- China Beijing Equity Exchange
- China Milan Equity Exchange
- List of government-owned companies of China
- Starr, John Bryan (2010-08-31). Understanding China [3rd Edition]: A Guide to China's Economy, History, and Political Culture. Farrar, Straus and Giroux. p. 99. ISBN 978-0-8090-1651-8. OCLC 932217175.
- "China's 161 trillion yuan state asset watchdog says more M&As to come".
- "How the Communist Party controls China's state-owned industrial titans". South China Morning Post.
- "China's central SOEs deliver strong performance - Xinhua | English.news.cn". news.xinhuanet.com.
- "央企名录" [List of Central SOEs]. Official website of SASAC (in Chinese). 20 December 2016. Retrieved 10 February 2017.
- "China gives state firms $8 bln to combat slowdown". Reuters. November 28, 2008.
- SASAC (in English)
- ADB Consultant Report (in English)
- SASAC: China's Megashareholder - Boston Consulting Group