Commission for the Control and Administration of State Assets
The Commission (Council of State) for the control and management of state assets ( Chinese 国务院国有资产监督管理委员会 , Pinyin Guówùyuàn guóyǒuzīchǎn Jiandu guǎnlǐ wěiyuánhuì ; English State-owned Assets Supervision and Administration Commission (of the State Council) , short SASAC ) is the Special Commission directly subordinate to the State Council of the People's Republic of China . As a state regulator, its main task is to modernize and restructure large state-owned companies. The SASAC also decides on the top management and investments of these companies. It has to decide on mergers or sales and drafts bills relating to state-owned companies.
The chairman of SASAC has been Hao Peng (郝 鹏, * 1960) since May 17, 2019.
SASAC currently (June 2019) oversees 97 centrally managed state-owned companies. This includes:
- Aluminum Corporation of China
- China FAW Group
- China Huaneng Group
- China National Machinery Industry Corporation
- China Southern Power Grid Co., Ltd.
- Dongfang Electric Corporation
- State Grid Corporation of China
- Wuhan Iron and Steel (Group) Corporation
- Carl Duisberg Gesellschaft: "Modernization of Chinese State Companies " ( Memento of the original from October 20, 2011 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.
- 于 文凯: 国资委 结束 双 首长 制 郝 鹏 党委 书记 、 主任 “一 肩挑”. In: guancha.cn. May 20, 2019, accessed April 1, 2020 (Chinese).
- Hao Peng. In: en.sasac.gov.cn. Retrieved April 1, 2020 .
- 央 企 名录. In: sasac.gov.cn. December 29, 2017, Retrieved June 10, 2019 (Chinese).