State-owned Assets Supervision and Administration Commission of the State Council
(Redirected from State-owned Assets Supervision and Administration Commission)
Jump to navigation
Jump to search
| 国务院国有资产监督管理委员会 Guówùyuàn Guóyǒu Zīchǎn Jiāndū Guǎnlǐ Wěiyuánhuì | |
 Logo of SASAC | |
.jpg) North gate of the SASAC | |
| Agency overview | |
|---|---|
| Formed | 10 March 2003 |
| Headquarters | Beijing |
| Agency executive |
|
| Parent agency | State Council of the People's Republic of China |
| Website | www |
| 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 | ||||||
| |||||||
| Abbreviation | |||||||
| Simplified Chinese | 国资委 | ||||||
| Traditional Chinese | 國資委 | ||||||
| Literal meaning | State Assets Commission | ||||||
| |||||||
.svg)
_cap_insignia.svg){kind=small}
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.[1] SASAC is responsible for managing state-owned enterprises (SOEs), including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to SOEs.
As of 2021[update], its companies had a combined assets of CN¥194 trillion (US$30 trillion), revenue of more than CN¥30 trillion (US$4.6 trillion), and an estimated stock value of CN¥65 trillion (US$10.06 trillion), making it the one of the largest economic entities in the world.[2][3][4]
Central SOEs[edit]
SASAC currently oversees 97 centrally owned companies.[5] 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.[6]
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:
- 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
- China Petroleum and Chemical Industry Association [10]
- China National Light Industry Associations [11]
- China National Textile Industry Council [12]
- China Building Materials Industry Association [13]
- China Nonferrous Metals Industry Association [14]
See also[edit]
- China Beijing Equity Exchange
- China Milan Equity Exchange
- List of government-owned companies of China
- Rostec
- State-owned Enterprises Commission, the equivalent in Taiwan (ROC)
References[edit]
- ^ 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.
External links[edit]
| State Council | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Agencies directly under the State Council |
| ||||||||||
| State Administrations administrated by ministry-level agencies | |||||||||||
| |||||||||||
| History |
|
|---|---|
| Industries |
|
| Development Zones | |
| Energy | |
| Trade and infrastructure | |
| Law and regulations | |
| Finance and banking |
|
| Government institutions |
|
| Development | |
| National economic initiatives | |
| Regional economic initiatives |
|
| Events | |
| Related topics | |
| |
