State-owned Assets Supervision and Administration Commission

State-owned Assets Supervision and Administration Commission of the State Council

国务院国有资产监督管理委员会 Guówùyuàn Guóyǒu Zīchǎn Jiāndū Guǎnlǐ Wěiyuánhuì
Emblem of the People's Republic of China
Logo of SASAC
Agency overview
Formed	10 March 2003
Headquarters	Beijing
Agency executives	Hao Peng, Party Secretary Xiao Yaqing, Chairman
Parent agency	State Council of the People's Republic of China
Website	www.sasac.gov.cn

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
Transcriptions Standard Mandarin Hanyu Pinyin Guówùyuàn Guóyǒu Zīchǎn Jiāndū Guǎnlǐ Wěiyuánhuì
Abbreviation
Simplified Chinese	国资委
Traditional Chinese	國資委
Literal meaning	State Assets Commission
Transcriptions Standard Mandarin Hanyu Pinyin Guózīwěi

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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. 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. As of 2017, its companies had a combined assets of 161 trillion yuan (US$26 trillion), revenue of more than 23.4 trillion yuan (US$3.6 trillion), and an estimated stock value of 50 trillion yuan (US$7.6 trillion), making it the largest economic entity in the world.

Central SOEs

See also: List of state-owned enterprises of China

SASAC currently oversees 102 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.

#	English Name	Chinese Name
1	China National Nuclear Corporation	中国核工业集团公司
2	China Nuclear Engineering and Construction Group	中国核工业建设集团公司
3	China Aerospace Science and Technology Corporation	中国航天科技集团公司
4	China Aerospace Science and Industry Corporation	中国航天科工集团公司
5	Aviation Industry Corporation of China	中国航空工业集团公司
6	China State Shipbuilding Corporation	中国船舶工业集团公司
7	China Shipbuilding Industry Corporation	中国船舶重工集团公司
8	China North Industries Group Corporation	中国兵器工业集团公司
9	China South Industries Group Corporation	中国兵器装备集团公司
10	China Electronics Technology Group	中国电子科技集团公司
11	Aeroengine Corporation of China	中国航空发动机集团有限公司
12	China National Petroleum Corporation	中国石油天然气集团公司
13	China Petrochemical Corporation	中国石油化工集团公司
14	China National Offshore Oil Corporation	中国海洋石油集团有限公司
15	State Grid Corporation of China	国家电网公司
16	China Southern Power Grid	中国南方电网有限责任公司
17	China Huaneng Group	中国华能集团公司
18	China Datang Corporation	中国大唐集团公司
19	China Huadian Corporation	中国华电集团公司
20	China Power Investment Corporation	国家电力投资集团公司
21	China Three Gorges Corporation	中国长江三峡集团公司
22	China Energy Investment Corporation	国家能源投资集团有限责任公司
23	China Telecommunications Corporation	中国电信集团公司
24	China United Network Communications Group	中国联合网络通信集团有限公司
25	China Mobile Communications Corporation	中国移动通信集团公司
26	China Electronics Corporation	中国电子信息产业集团有限公司
27	FAW Group	中国第一汽车集团公司
28	Dongfeng Motor Corporation	东风汽车公司
29	China First Heavy Industries	中国一重集团有限公司
30	Sinomach	中国机械工业集团有限公司
31	Harbin Electric Corporation	哈尔滨电气集团公司
32	Dongfang Electric Corporation	中国东方电气集团有限公司
33	Ansteel Group	鞍钢集团公司
34	Baosteel Group	中国宝武钢铁集团有限公司
35	Aluminum Corporation of China	中国铝业公司
36	China Ocean Shipping Group	中国远洋海运集团有限公司
37	China National Aviation Holding	中国航空集团公司
38	China Eastern Airlines Group	中国东方航空集团公司
39	China Southern Air Holding	中国南方航空集团公司
40	Sinochem Group	中国中化集团公司
41	COFCO Group	中粮集团有限公司
42	China Minmetals Corporation	中国五矿集团公司
43	China General Technology Group	中国通用技术（集团）控股有限责任公司
44	China State Construction Engineering Corporation	中国建筑工程总公司
45	China Grain Reserves Corporation	中国储备粮管理集团有限公司
46	State Development & Investment Corporation	国家开发投资公司
47	China Merchants Group	招商局集团有限公司
48	China Resources	华润（集团）有限公司
49	China Travel Service (Hong Kong)	中国旅游集团公司[香港中旅（集团）有限公司]
50	Commercial Aircraft Corporation of China	中国商用飞机有限责任公司
51	China Energy Conservation and Environmental Protection Group	中国节能环保集团公司
52	China International Engineering Consulting Corporation	中国国际工程咨询公司
53	China Chengtong Holding Group	中国诚通控股集团有限公司
54	China National Coal Group	中国中煤能源集团有限公司
55	China Coal Technology and Engineering Group	中国煤炭科工集团有限公司
56	China Academy of Machinery Science and Technology	机械科学研究总院
57	Sinosteel Corporation	中国中钢集团公司
58	China Iron and Steel Research Institute Group	中国钢研科技集团有限公司
59	ChemChina	中国化工集团公司
60	China National Chemical Engineering Group	中国化学工程集团公司
61	China National Salt Industry Corporation	中国盐业总公司
62	China National Building Material Group	中国建材集团有限公司
63	China Nonferrous Metal Mining Group	中国有色矿业集团有限公司
64	General Research Institute for Nonferrous Metals	北京有色金属研究总院
65	General Research Institute of Mining and Metallurgy	北京矿冶研究总院
66	China International Intellectech Corporation	中国国际技术智力合作公司
67	China Academy of Building Research	中国建筑科学研究院
68	CRRC Group	中国中车集团公司
69	China Railway Signal and Communication	中国铁路通信信号集团公司
70	China Railway Engineering Corporation	中国铁路工程总公司
71	China Railway Construction Corporation	中国铁道建筑总公司
72	China Communications Construction Group	中国交通建设集团有限公司
73	Potevio Group	中国普天信息产业集团公司
74	China Academy of Telecommunications Technology (Datang Telecom Group)	电信科学技术研究院
75	China National Agricultural Development Group	中国农业发展集团有限公司
76	China Silk Corporation	中国中丝集团公司
77	China Forestry Group	中国林业集团公司
78	China National Pharmaceutical Group	中国医药集团总公司
79	China Poly Group Corporation	中国保利集团公司
80	China Construction Technology Consulting Corporation	中国建筑设计研究院
81	China Metallurgical Geology Bureau	中国冶金地质总局
82	China National Administration of Coal Geology	中国煤炭地质总局
83	Xinxing Cathay International Group	新兴际华集团有限公司
84	TravelSky	中国民航信息集团公司
85	China National Aviation Fuel Group	中国航空油料集团公司
86	China Aviation Supplies Holding	中国航空器材集团公司
87	Powerchina	中国电力建设集团有限公司
88	China Energy Engineering Corporation	中国能源建设集团有限公司
89	China National Gold Group Corporation	中国黄金集团公司
90	China General Nuclear Power Group	中国广核集团有限公司
91	China Hualu Group	中国华录集团有限公司
92	Nokia-Sbell	上海诺基亚贝尔股份有限公司
93	FiberHome Technologies Group	武汉邮电科学研究院
94	Overseas Chinese Town Enterprises	华侨城集团公司
95	Nam Kwong Group	南光（集团）有限公司[中国南光集团有限公司]
96	XD Group	中国西电集团公司
97	China Railway Materials	中国铁路物资（集团）总公司
98	China Reform Holdings	中国国新控股有限责任公司

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

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
• 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

• China Beijing Equity Exchange
• China Milan Equity Exchange

External links

• SASAC (in English)
• ADB Consultant Report (in English)
• SASAC: China's Megashareholder - Boston Consulting Group