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

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
Logo of SASAC

Gate of SASAC
Agency overview
Formed10 March 2003
HeadquartersBeijing
Agency executive
Parent agencyState Council of the People's Republic of China
Websitewww.sasac.gov.cn Edit this at Wikidata
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 meaningState Assets Commission

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.[2]

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.[3][4][5] Vice Premier Zhang Guoqing is responsible for the supervision of the SASAC.

  1. ^ 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.
  2. ^ Davis, Stuart (2023). Sanctions as War: Anti-Imperialist Perspectives on American Geo-Economic Strategy. p. 112. ISBN 978-1-64259-812-4. OCLC 1345216431.
  3. ^ "China's 161 trillion yuan state asset watchdog says more M&As to come".
  4. ^ "How the Communist Party controls China's state-owned industrial titans". South China Morning Post.
  5. ^ "China's central SOEs deliver strong performance – Xinhua | English.news.cn". news.xinhuanet.com.

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