• Source: State-owned Assets Supervision and Administration Commission of the State Council

The state" target="_blank">State-owned Assets Supervision and Administration Commission of the state" target="_blank">State Council (SASAC) is a special commission of the People's Republic of China, directly under the state" target="_blank">State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing state" target="_blank">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, 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 largest economic entity in the world. The total revenue hit CN¥39.8 trillion (about US$5.5 trillion) in 2023, with a total profit of 2.6 trillion yuan according to a report from SASAC.
Vice Premier Zhang Guoqing is responsible for the supervision of the SASAC.




History


SASAC was formed in 2003 to consolidate industry-specific bureaucracies.: 15 
In 2017, the state" target="_blank">State Council approved a change of SASAC's mission from administering SOEs to channeling state" target="_blank">state capital into strategic economic sectors.: 16 




Significance


SASAC oversees China's SOEs in nonfinancial industries deemed strategically important by the state" target="_blank">State Council, including national champions in areas like energy, infrastructure, strategic minerals, and civil aviation.: 79 
The state" target="_blank">state-owned investment companies of SASAC serve as a mechanism through which the Chinese government can influence the market through the use of capital rather than government directive.: 16 




Central SOEs


As of 2023, SASAC currently oversees 97 centrally owned companies. These central SOEs (yangqi) are SOEs that cover industries deemed most vital to the national economy.: 6  Companies directly supervised by SASAC are continuously reduced through mergers according to the state" target="_blank">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




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]




Leadership






= Directors

=




See also


China Beijing Equity Exchange
List of government-owned companies of China
Rostec
state" target="_blank">State-owned Enterprises Commission, the equivalent in Taiwan (ROC)
Federal Agency for state" target="_blank">State Property Management




References






External links


Official website

Kata Kunci Pencarian:

• Komisi Pengawasan dan Administrasi Aset Milik Negara
• CRRC
• China Railway Construction Corporation
• State-owned Assets Supervision and Administration Commission of the State Council
• State Grid Corporation of China
• Constituent departments of the State Council
• China Poly Group
• CRRC
• Aviation Industry Corporation of China
• Wingtech
• Zhang Yuzhuo
• Nexperia
• Sinochem