State-owned Assets Supervision and Administration Commission
| State-owned Assets Supervision and Administration Commission | |||||||
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| Traditional Chinese | 國務院國有資產監督管理委員會 | ||||||
| Simplified Chinese | 国务院国有资产监督管理委员会 | ||||||
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The State-owned Assets Supervision and Administration Commission of the State Council (abbreviation SASAC, simplified Chinese: 国资委; traditional Chinese: 國資委; pinyin: Guózīwěi) 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] 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.
The chairman of the commission is Jiang Jiemin and the party secretary is Zhang Yi.
Institutions affiliated to SASAC
- Information Center
- Technological Research Center for Supervisory Panels Work
- Training Center
- Economic Research Center
- China Economics Publishing House
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]
Central SOEs
As of 2012 SASAC oversees 117 large centrally-owned companies (中央企业). Based on the state-owned enterprise restructuring plan, the SASAC directly-supervised SOE were reduced by the end of 2010 as small companies were merged into big state-owned enterprise giants.[2][3] The following are examples of large centrally-owned companies:
- China National Nuclear Corporation
- China Aerospace Science and Technology Corporation
- Aviation Industry Corporation of China
- China State Shipbuilding Corporation
- China Shipbuilding Industry Corporation
- China North Industries Group Corporation
- China South Industries Group Corporation
- China National Petroleum Corporation
- China Petrochemical Corporation
- China National Offshore Oil Corporation
- State Grid Corporation of China
- China Southern Power Grid Company
- China Huaneng Group
- China Datang Corporation
- China Huadian Corporation
- China Guodian Corporation
- China Power Investment Corporation
- China Three Gorges Corporation
- Shenhua Group Corporation Limited
- China Telecommunications Corporation
- China Mobile Communications Corporation
- China FAW Group Corporation
- Dongfeng Motor Corporation
- Harbin Electric Corporation
- Dongfang Electric Corporation
- Anshan Iron & Steel Group Corporation
- Baosteel Group Corporation
- Wuhan Iron and Steel (Group) Corporation
- Aluminum Corporation of China
- China Ocean Shipping (Group) Company
- China Shipping (Group) Company
- China National Aviation Holdings Company
- China Eastern Airlines Corporation Limited
- China Southern Air Holding
- Sinochem Group
References
- ^ Starr, John Bryan (2010 (3rd edition)). Understanding China: A Guide to China's Economy, History, and Political Culture. New York: Hill and Wang. p. 99.
- ^ Reuters
- ^ Listing with 117 Central SOEs listed in English
External links
- SASAC (English)
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