State-owned Assets Supervision and Administration Commission of the State Council
Encyclopedia
The State-owned Assets Supervision and Administration Commission of the State Council (abbreviation SASAC) is a special commission of the People's Republic of China
, directly under the State Council
. It is responsible for managing China's state-owned enterprises
, 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 and party secretary is Wang Yong (王勇).
The listing is therefore in regular revision:
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
, directly under the State Council
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...
. It is responsible for managing China's state-owned enterprises
Government-owned corporation
A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government...
, 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 and party secretary is Wang Yong (王勇).
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 http://www.cfie.org.cn
- China Enterprise Confederation http://www.cec-ceda.org.cn/
- China Association for Quality http://www.caq.org.cn
- China Packaging Technology Association http://www.pack.org.cn
- China International Cooperation Association for SMEs http://www.chinasme.org.cn
- China General Chamber of Commerce http://www.china-retailers.com.cn
- China Federation of Logistics and Purchasing http://www.chinawuliu.com.cn
- China Coal Industry Association http://www.chinacoal.gov.cn
- China Machinery Industry Federation http://www.mei.cei.gov.cn
- China Iron and Steel AssociationChina Iron and Steel AssociationChina Iron and Steel Association is a national, non-profit organization founded in 1999 on the basis of China Metallurgical Enterprise Management Association. CISA members consist of China’s steel enterprises, institutions, societies and individuals in the iron and steel industry, which...
http://www.metal.net.cn - China Petroleum and Chemical Industry Association http://www.cpcia.org.cn
- China National Light Industry Associations http://www.clii.com.cn
- China National Textile Industry Council http://www.cnfti.org.cn
- China Building Materials Industry Association http://www.cbminfo.com
- China Nonferrous Metals Industry Association http://www.atk.com.cn
Central SOEs
As of August 2010 SASAC oversees 123 large centrally-owned companies (中央企业), based on the state-owned enterprise restruction plan, the SASAC directly-supervised SOE will be reduced to 80-100 by the ending of 2010 year.The small companies will be merged into big state-owned enterprise giants.:The listing is therefore in regular revision:
- A slightly earlier listing with 150 Central SOEs listed in English
- A more up to date (August 2010) listing with 123 Central SOEs listed in Chinese
See also
- China Beijing Equity ExchangeChina Beijing Equity ExchangeChina Beijing Equity Exchange is an equity transaction bourse and platform run by the government of Beijing for mergers, acquisitions and restructuring of state-owned enterprises.-Background:...
- China Milan Equity ExchangeChina Milan Equity ExchangeCMEX is the first equity exchange platform set up in Europe to help European companies gain access to the ongoing privatization process of Chinese State-owned enterprises...
- Constitutional economicsConstitutional economicsConstitutional economics is a research program in economics and constitutionalism that has been described as extending beyond the definition of 'the economic analysis of constitutional law' in explaining the choice "of alternative sets of legal-institutional-constitutional rules that constrain the...
- Political economyPolitical economyPolitical economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth, including through the budget process. Political economy originated in moral philosophy...