State-owned Assets Supervision and Administration Commission of the State Council

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. 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.

State-owned Assets
Supervision and Administration Commission of
the State Council
Agency overview
国务院国有资产监督管理委员会 Guówùyuàn Guóyǒu Zīchǎn Jiāndū Guǎnlǐ Wěiyuánhuì
Logo of SASAC
Gate of SASAC
Formed	10 March 2003
Headquarters	Beijing
Agency executive	Zhang Yuzhuo, Head and Chinese Communist Party Committee Secretary
Parent agency	State Council of the People's Republic of China Central Committee of the Chinese Communist Party
Website	www.sasac.gov.cn

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

Transcriptions
Standard Mandarin
Hanyu Pinyin	Guówùyuàn Guóyǒu Zīchǎn Jiāndū Guǎnlǐ Wěiyuánhuì

Abbreviation

Simplified Chinese

国资委

Traditional Chinese

國資委

Literal meaning

State Assets Commission

Transcriptions
Standard Mandarin
Hanyu Pinyin	Guó Zī Wěi

Politics of China


Leadership Leadership generations Succession of power Hu–Wen Administration (2002–2012) Xi–Li Administration (2012–2017) Xi Administration (since 2017) 4th Leadership Core: Xi Jinping 20th Party Politburo: Xi Jinping 14th State Council: Li Qiang Current state leaders Current provincial leaders National leaders Orders of precedence Paramount leader: Xi Jinping First lady: Peng Liyuan Communist Party leader: Xi Jinping State representative: Xi Jinping Head of government: Li Qiang Congress Chairman: Zhao Leji Conference Chairman: Wang Huning Commander-in-chief: Xi Jinping Politburo Standing Committee longest-serving members Related systems Unified power Democratic centralism Collective leadership Organization Department Elections Civil service
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United front Political Consultative Conference National Committee Chairman: Wang Huning Vice-Chairpersons Top-ranked: Shi Taifeng Secretary-General: Wang Dongfeng Political parties: CCP (ruling) United Front Work Department Head: Shi Taifeng RCCK CDL CNDCA CAPD CPWDP CZGP JS TDSL Historical parties: KMT CDSP YCP Federation of Industry and Commerce People's organizations
Law enforcement CCP Central Politics and Law Commission Secretary: Chen Wenqing Ministry of Public Security Minister: Wang Xiaohong Public Security Organs People's Police State Immigration Administration Local public security bureaus Ministry of State Security Minister: Chen Yixin State Security Organs People's Police Ministry of Justice Minister: He Rong Judicial Administrative Organs People's Police Bureau of Prison Administration Office for Safeguarding National Security of the CPG in the HKSAR Urban Management (chengguan)
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As of 2021, 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. Vice Premier Zhang Guoqing is responsible for the supervision of the SASAC.

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