Assets Supervision and Administration Commission

Go-ahead for private investment in SOEs

Beijing has given the all-clear for a long-awaited plan to break the monopoly of government-controlled industrial giants, putting out a guideline that encourages private investment in state-owned enterprises (SOEs).

Saturday, 26 May, 2012, 12:00am

Rising costs hit profits at state-owned firms in first quarter

Profit growth among the mainland's major state-owned companies slowed in the first quarter as rising costs, austerity measures and a tightening of bank lending continued to affect the nation's industrial giants.

21 Apr 2011 - 12:00am

Sasac moves to limit stock options windfall for state enterprise chiefs

The central government is seeking to cap stock option incentives for executives of state-owned enterprises (SOEs), which effectively will block their access to overnight riches when they cash in their share holdings in the open market.

26 Apr 2008 - 12:00am

Sasac mulls firm to manage assets

China's state asset regulator is expected to set up a company to oversee the assets of listed state-owned firms, a move that may eventually separate the regulator's policy-making function from its duty as a state asset supervisor.

7 Mar 2008 - 12:00am

Firm SOE profits back dividend call

State-owned enterprises' overall net profit jumped 31.5 per cent in the first six months of this year, further bolstering the central government's plan to start demanding dividends from them next year.

27 Jul 2007 - 12:00am

The story by numbers

Reorganised into current shareholding structure 1982 and currently comes under the control of the State-owned Assets Supervision and Administration Commission. Has 19 subsidiaries and offshoots, as well as 18 overseas units, including Hong Kong-listed China Overseas Land.

1 May 2006 - 12:00am

Cashed-up state firms told to pay dividends

Beijing plans to collect payments as SOEs post 600b yuan in net earnings

The central government is planning to force large state-owned enterprises to pay dividends to the state after companies overseen by State-owned Assets Supervision and Administration Commission (Sasac) posted more than 600 billion yuan in net profit last year.

14 Feb 2006 - 12:00am

New rules issued on buyouts of state firms

Managers of big enterprises to be barred from taking a stake in their companies

Beijing has issued its first set of detailed regulations governing management buyouts, which will bar the managers of large state-owned enterprises from acquiring a stake in the companies they run.

15 Apr 2005 - 12:00am