State-owned Assets Supervision and Administration 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. 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.
Guówùyuàn Guóyǒu Zīchǎn Jiāndū Guǎnlǐ Wěiyuánhuì
Logo of SASAC
|Formed||10 March 2003|
|Parent agency||State Council of the People's Republic of China|
|State-owned Assets Supervision and Administration Commission of the State Council|
|Literal meaning||State Assets Commission|
As of 2017[update], its companies had a combined assets of 161 trillion yuan (US$26 trillion), revenue of more than 23.4 trillion yuan (US$3.6 trillion), and an estimated stock value of 50 trillion yuan (US$7.6 trillion), making it the largest economic entity in the world.
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 SASACEdit
- Information Center
- Technological Research Center for Supervisory Panels Work
- Training Center
- Economic Research Center
- China Economics Publishing House
- China Business Executives Academy, Dalian
Affiliated industrial associations include:
- China Federation of Industrial Economics 
- China Enterprise Confederation 
- China Association for Quality 
- China Packaging Technology Association 
- China International Cooperation Association for SMEs 
- China General Chamber of Commerce 
- China Federation of Logistics and Purchasing 
- China Coal Industry Association 
- China Machinery Industry Federation 
- China Iron and Steel Association
- China Petroleum and Chemical Industry Association 
- China National Light Industry Associations 
- China National Textile Industry Council 
- China Building Materials Industry Association 
- China Nonferrous Metals Industry Association 
- Starr, John Bryan (2010). Understanding China: A Guide to China's Economy, History, and Political Culture (3rd ed.). New York, NY: Hill and Wang. p. 99.
- "China's 161 trillion yuan state asset watchdog says more M&As to come".
- "How the Communist Party controls China's state-owned industrial titans". South China Morning Post.
- "China's central SOEs deliver strong performance - Xinhua | English.news.cn". news.xinhuanet.com.
- "央企名录" [List of Central SOEs]. Official website of SASAC (in Chinese). 20 December 2016. Retrieved 10 February 2017.
- "China gives state firms $8 bln to combat slowdown". Reuters. November 28, 2008.
- SASAC (in English)
- ADB Consultant Report (in English)
- SASAC: China's Megashareholder - Boston Consulting Group