Formed 10 March 2003 Headquarters Shanghai, China | Website www.sasac.gov.cn Founded 2003 | |
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
Industrial associations
Affiliated industrial associations include:
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.
- China National Nuclear Corporation
- China Nuclear Engineering and Construction Group
- China Aerospace Science and Technology Corporation
- China Aerospace Science and Industry 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 Electronics Technology Group
- Aeroengine Corporation of China
- China National Petroleum Corporation
- China Petrochemical Corporation
- China National Offshore Oil Corporation
- State Grid Corporation of China
- China Southern Power Grid
- China Huaneng Group
- China Datang Corporation
- China Huadian Corporation
- China Guodian Corporation
- China Power Investment Corporation
- China Three Gorges Corporation
- Shenhua Group
- China Telecommunications Corporation
- China United Network Communications Group
- China Mobile Communications Corporation
- China Electronics Corporation
- FAW Group
- Dongfeng Motor
- China First Heavy Industries
- Sinomach
- Harbin Electric Corporation
- Dongfang Electric Corporation
- Ansteel Group
- Baosteel Group
- Aluminum Corporation of China
- China Ocean Shipping Group
- China National Aviation Holding
- China Eastern Airlines Group
- China Southern Air Holding
- Sinochem Group
- COFCO Group
- China Minmetals Corporation
- China General Technology Group
- China State Construction Engineering Corporation
- China Grain Reserves Corporation
- State Development & Investment Corporation
- China Merchants Group
- China Resources
- China Travel Service (Hong Kong)
- Commercial Aircraft Corporation of China
- China Energy Conservation and Environmental Protection Group
- China International Engineering Consulting Corporation
- China Chengtong Holding Group
- China National Coal Group
- China Coal Technology and Engineering Group
- China Academy of Machinery Science and Technology
- Sinosteel Corporation
- China Iron and Steel Research Institute Group
- ChemChina
- China National Chemical Engineering Group
- Sinolight Corporation
- China National Arts & Crafts (Group) Corporation
- China National Salt Industry Corporation
- China Hi-Tech Group Corporation
- China National Building Material Group
- China Nonferrous Metal Mining Group
- [Beijing] General Research Institute for Nonferrous Metals
- Beijing General Research Institute of Mining and Metallurgy
- China International Intellectech Corporation
- China Academy of Building Research
- CRRC Group
- China Railway Signal and Communication
- China Railway Engineering Corporation
- China Railway Construction Corporation
- China Communications Construction Group
- Potevio Group
- China Academy of Telecommunications Technology (Datang Telecom Group)