Public bodyChinasasac.gov.cn
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a ministerial-level agency under the Chinese State Council responsible for supervising and administering state-owned assets. Established to manage the transition of state-owned enterprises in a market-oriented economy, SASAC oversees hundreds of central SOEs that form the backbone of China's industrial sector.
Its main activities include monitoring the performance of these enterprises, guiding their strategic development, and ensuring compliance with government regulations. SASAC operates nationwide but is headquartered in Beijing, from where it coordinates policies affecting key industries such as mining, metallurgy, chemicals, and energy.
In terms of ownership, SASAC acts as the representative of the state in these companies, holding controlling stakes and influencing corporate governance. This structure allows it to direct investments and operations in strategic sectors, including the nickel and stainless steel businesses mentioned in recent industry developments.
SASAC's position in the industry is pivotal, as it manages assets worth trillions of yuan and plays a role in international mergers and acquisitions involving Chinese SOEs. It helps maintain China's competitive edge in global supply chains for critical materials.
None yet. When a new project in the record names SASAC as owner, partner or investor, it shows here.
