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
Agency overview
Formed 10 March 2003
Headquarters Beijing
Agency executive
  • Xiao Yaqing, Chairman of SASAC
Parent agency State Council of the People's Republic of China
Website www.sasac.gov.cn
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
Literal meaning State Council State-owned Asset(s) Supervision-Administration Commission
Abbreviation
Simplified Chinese 国务院国资委
Traditional Chinese 國務院國資委
Literal meaning State Council State Asset(s) 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] 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 Xiao Yaqing.

Institutions affiliated to SASAC

Industrial associations

Affiliated industrial associations include:

Central SOEs

As of 3 August 2016, SASAC oversees 103 centrally owned companies.[2] 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.[3][4]

  1. China National Nuclear Corporation
  2. China Nuclear Engineering and Construction Group
  3. China Aerospace Science and Technology Corporation
  4. China Aerospace Science and Industry Corporation
  5. Aviation Industry Corporation of China
  6. China State Shipbuilding Corporation
  7. China Shipbuilding Industry Corporation
  8. China North Industries Group Corporation
  9. China South Industries Group Corporation
  10. China Electronics Technology Group
  11. Aeroengine Corporation of China
  12. China National Petroleum Corporation
  13. China Petrochemical Corporation
  14. China National Offshore Oil Corporation
  15. State Grid Corporation of China
  16. China Southern Power Grid
  17. China Huaneng Group
  18. China Datang Corporation
  19. China Huadian Corporation
  20. China Guodian Corporation
  21. China Power Investment Corporation
  22. China Three Gorges Corporation
  23. Shenhua Group
  24. China Telecommunications Corporation
  25. China United Network Communications Group
  26. China Mobile Communications Corporation
  27. China Electronics Corporation
  28. FAW Group
  29. Dongfeng Motor
  30. China First Heavy Industries
  31. Sinomach
  32. Harbin Electric Corporation
  33. Dongfang Electric Corporation
  34. Ansteel Group
  35. Baosteel Group
  36. Aluminum Corporation of China
  37. China Ocean Shipping Group
  38. China National Aviation Holding
  39. China Eastern Airlines Group
  40. China Southern Air Holding
  41. Sinochem Group
  42. COFCO Group
  43. China Minmetals Corporation
  44. China General Technology Group
  45. China State Construction Engineering Corporation
  46. China Grain Reserves Corporation
  47. State Development & Investment Corporation
  48. China Merchants Group
  49. China Resources
  50. China Travel Service (Hong Kong)
  51. Commercial Aircraft Corporation of China
  52. China Energy Conservation and Environmental Protection Group
  53. China International Engineering Consulting Corporation
  54. China Chengtong Holding Group
  55. China National Coal Group
  56. China Coal Technology and Engineering Group
  57. China Academy of Machinery Science and Technology
  58. Sinosteel Corporation
  59. China Iron and Steel Research Institute Group
  60. ChemChina
  61. China National Chemical Engineering Group
  62. Sinolight Corporation
  63. China National Arts & Crafts (Group) Corporation
  64. China National Salt Industry Corporation
  65. China Hi-Tech Group Corporation
  66. China National Building Material Group
  67. China Nonferrous Metal Mining Group
  68. [Beijing] General Research Institute for Nonferrous Metals
  69. Beijing General Research Institute of Mining and Metallurgy
  70. China International Intellectech Corporation
  71. China Academy of Building Research
  72. CRRC Group
  73. China Railway Signal and Communication
  74. China Railway Engineering Corporation
  75. China Railway Construction Corporation
  76. China Communications Construction Group

See also

References

  1. ↑ 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.
  2. ↑ "央企名录 (List of Central SOEs)". Official website of SASAC (in Chinese). Retrieved 3 March 2016.
  3. ↑ Reuters
  4. ↑ Listing with 117 Central SOEs listed in English
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