| Agency Name: | State-owned Assets Supervision and Administration Commission of the State Council |
| Nativename A: | Chinese: 国务院国有资产监督管理委员会 |
| Formed: | 10 March 2003 |
| Headquarters: | Beijing |
| Chief1 Name: | Zhang Yuzhuo |
| Chief1 Position: | Head and Chinese Communist Party Committee Secretary |
| Parent Agency: | State Council of the People's Republic of China |
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] SASAC is responsible for managing state-owned enterprises (SOEs), including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to SOEs.[2]
, its companies had a combined assets of CN¥194 trillion (US$30 trillion), revenue of more than CN¥30 trillion (US$4.6 trillion), and an estimated stock value of CN¥65 trillion (US$10.06 trillion), making it the largest economic entity in the world.[3] [4] [5] The total revenue hit CN¥39.8 trillion (about US$5.5 trillion) in 2023, with a total profit of 2.6 trillion yuan according to a report from SASAC.[6] Vice Premier Zhang Guoqing is responsible for the supervision of the SASAC.
SASAC was formed in 2003 to consolidate industry-specific bureaucracies.[7]
In 2017, the State Council approved a change of SASAC's mission from administering SOEs to channeling state capital into strategic economic sectors.
SASAC oversees China's SOEs in nonfinancial industries deemed strategically important by the State Council, including national champions in areas like energy, infrastructure, strategic minerals, and civil aviation.
The state-owned investment companies of SASAC serve as a mechanism through which the Chinese government can influence the market through the use of capital rather than government directive.
See also: List of state-owned enterprises of China., SASAC currently oversees 97 centrally owned companies.[2] [8] These central SOEs (yangqi) are SOEs that cover industries deemed most vital to the national economy.[9] 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.[10]
Affiliated industrial associations include:
| Name | Chinese name | Took office | Left office | |
|---|---|---|---|---|
| Li Rongrong | Chinese: 李荣融 | April 2003 | August 2010 | |
| Wang Yong | Chinese: 王勇 | August 2010 | March 2013 | |
| Jiang Jiemin | Chinese: 蒋洁敏 | March 2013 | September 2013 | |
| Zhang Yi | Chinese: 张毅 | December 2013 | February 2016 | |
| Xiao Yaqing | Chinese: 肖亚庆 | February 2016 | May 2019 | |
| Hao Peng | Chinese: 郝鹏 | 17 May 2019 | 3 February 2023 | |
| Zhang Yuzhuo | Chinese: 张玉卓 | February 2016 | Incumbent |
A Guide to China's Economy, History, and Political Culture]
. 2010-08-31. Farrar, Straus and Giroux. 978-0-8090-1651-8. 99. en. 932217175.