The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the
People's Republic of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
, directly under the
State Council State Council may refer to:
Government
* State Council of the Republic of Korea, the national cabinet of South Korea, headed by the President
* State Council of the People's Republic of China, the national cabinet and chief administrative auth ...
. It was founded in 2003 through the consolidation of various other industry-specific ministries. 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.
, its companies had a combined assets of
CN¥
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...
194
trillion
''Trillion'' is a number with two distinct definitions:
* 1,000,000,000,000, i.e. one million million, or (ten to the twelfth power), as defined on the short scale. This is now the meaning in both American and British English.
* 1,000,000,000,0 ...
(
US$
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
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.
Central SOEs
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
Dalian () is a major sub-provincial port city in Liaoning province, People's Republic of China, and is Liaoning's second largest city (after the provincial capital Shenyang) and the third-most populous city of Northeast China. Located on the ...
Industrial associations
Affiliated
industrial associations include:
*
China Federation of Industrial Economics
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones ...
br>
*
China Enterprise Confederationbr>
*
China Association for Qualitybr>
*
China Packaging Technology Association
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
br>
*
China International Cooperation Association for SMEs
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
br>
*
China General Chamber of Commercebr>
*
China Federation of Logistics and Purchasingbr>
*
China Coal Industry Associationbr>
*
China Machinery Industry Federationbr>
*
China Iron and Steel Association
China Iron and Steel Association (CISA, ) is a national, non-profit organization founded in 1999 on the basis of China Metallurgical Enterprise Management Association. CISA members consist of China’s steel enterprises, institutions, societies and ...
*
China Petroleum and Chemical Industry Association
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
br>
*
China National Light Industry Associations
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
br>
*
China National Textile Industry Council
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
br>
*
China Building Materials Industry Association
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
br>
*
China Nonferrous Metals Industry Associationbr>
See also
*
China Beijing Equity Exchange
China Beijing Equity Exchange (CBEX; ) is an equity transaction bourse and platform run by the government of Beijing for mergers, acquisitions and restructuring of state-owned enterprises.
Background
China Beijing Equity Exchange was established ...
*
China Milan Equity Exchange
CMEX (China Milan Equity Exchange) is the first equity exchange platform set up in Europe to help European companies gain access to the ongoing privatization process of Chinese State-owned enterprises. China's equity exchanges were set up by the ...
*
List of government-owned companies of China
This is a list of state-owned enterprises of China. A state-owned enterprise is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies ...
*
Rostec
Rostec ( rus, Ростех, p=, r=Rostekh), officially the State Corporation for Assistance to Development, Production and Export of Advanced Technology Industrial Product Rostec (russian: Государственная корпорация по ...
*
State-owned Enterprises Commission, the equivalent in Taiwan (ROC)
References
External links
*
{{authority control
State Council of the People's Republic of China
2003 establishments in China