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 List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
, directly under the
State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing
state-owned enterprises
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governme ...
(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¥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.
* 1,000,000,000,00 ...
(
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.
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 ...
Industrial associations
Affiliated
industrial associations include:
*
China Federation of Industrial Economicsbr>
*
China Enterprise Confederation
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 Association for Qualitybr>
*
China Packaging Technology Associationbr>
*
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 Federation
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 Iron and Steel Association
*
China Petroleum and Chemical Industry Associationbr>
*
China National Light Industry Associationsbr>
*
China National Textile Industry Councilbr>
*
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 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 Nonferrous Metals Industry Association
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>
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 enterprise
A state-owned enterprise (SOE) is a g ...
*
List of government-owned companies of China
*
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