State-owned Assets Supervision and Administration Commission
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. As of 2021[update], 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.国务院国有资产监督管理委员会
Guówùyuàn Guóyǒu Zīchǎn Jiāndū Guǎnlǐ Wěiyuánhuì
North gate of the SASACAgency overview Formed 10 March 2003 Headquarters Beijing Agency executive Parent agency State Council of the People's Republic of China Website www.sasac.gov.cn State-owned Assets Supervision and Administration Commission of the State Council 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 Contents
