Samiksha Jaiswal (Editor)

State owned Assets Supervision and Administration Commission of the State Council

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Formed
  
10 March 2003

Headquarters
  
Shanghai, China

Website
  
www.sasac.gov.cn

Founded
  
2003


Agency executives
  
Hao Peng, Secretary of the Party Committee of SASAC Xiao Yaqing, Chairman of SASAC

Parent agency
  
State Council of the People's Republic of China

Subsidiaries
  
China Mobile, China Baowu Steel Group

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. As of 2006, its companies had combined revenues of more than $1 trillion and owned assets of more than $1.5 trillion, making it among the largest economic entities in the world.

Contents

The chairman of the commission is Xiao Yaqing.

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

    • 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 20 December 2016, SASAC oversees 102 centrally owned companies. 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.

    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
    77. Potevio Group
    78. China Academy of Telecommunications Technology (Datang Telecom Group)
  • 82. China National Pharmaceutical Group
  • 89. China National Aviation Fuel Group
  • 92. China Energy Engineering Corporation
  • 95. China General Nuclear Power Group
  • 96. China Hualu Group
  • 98. Overseas Chinese Town Enterprises
  • 101. China Railway Materials
  • 102. China Reform Holdings

    • References

    State-owned Assets Supervision and Administration Commission of the State Council Wikipedia
    (Text) CC BY-SA