https://www.scmp.com/rss/523101/feed The latest news and top stories on the State-owned Assets Supervision and Administration Commission (SASAC). A prominent Beijing-based governmental body, SASAC is a special commission of the State Council of the People’s Republic of China. Established in 2003, its primary mission involves supervising and managing state-owned assets and enterprises (SOEs), acting as an investor and guiding their reform. SASAC’s main areas of focus include appointing top executives, approving mergers and sales of... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Eunice Xu Eunice Xu China’s pursuit of commercial nuclear fusion technology has intensified this year, fuelled by a fresh round of financing for start-ups and state-backed initiatives. Startorus Fusion last week raised 1 billion yuan (US$143 million) from its series A round, a record for a single financing round by a private nuclear fusion company on the mainland, according to a report by the Securities Times. The deal, announced on January 12, was led by state-owned funds in Shanghai, which contributed around 400... https://www.scmp.com/business/china-business/article/3340430/chinas-nuclear-fusion-start-ups-power-record-funding-round?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340430/chinas-nuclear-fusion-start-ups-power-record-funding-round?utm_source=rss_feed Tue, 20 Jan 2026 02:00:09 +0000 Daniel Ren Daniel Ren Beijing has given the green light to an asset-restructuring deal involving the country’s largest oil refiner and a leading distributor of jet fuel, continuing efforts to streamline operations of major state-owned juggernauts. China Petroleum and Chemical Corp, better known as Sinopec, and China National Aviation Fuel Group (CNAF) will conduct a revamp of their assets after receiving the nod from the State Council, the State-owned Assets Supervision and Administration Commission (SASAC) said in a... https://www.scmp.com/business/banking-finance/article/3339225/chinas-oil-giants-sinopec-cnaf-undergo-consolidation-creating-energy-powerhouse?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339225/chinas-oil-giants-sinopec-cnaf-undergo-consolidation-creating-energy-powerhouse?utm_source=rss_feed Thu, 08 Jan 2026 13:34:35 +0000 Themis Qi Themis Qi China Shenhua Energy’s 133 billion yuan (US$18.9 billion) acquisition of a dozen assets could help the mainland’s largest listed coal miner take on competition as the era of coal power starts winding down in the world’s largest market for the fossil fuel, according to analysts. The miner in a filing to the Hong Kong stock exchange last week provided an update to its August proposal to acquire equity interests in 12 enterprises from its controlling shareholder, China Energy Investment Group. The... https://www.scmp.com/business/china-business/article/3337504/shenhua-absorbs-parents-coal-assets-it-looks-future-decarbonising-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337504/shenhua-absorbs-parents-coal-assets-it-looks-future-decarbonising-china?utm_source=rss_feed Wed, 24 Dec 2025 06:00:17 +0000 Carol Yang Carol Yang President Xi Jinping has instructed central state-owned enterprises (SOEs) to serve as the bedrock of national development, urging them to drive industrial upgrading and secure critical technologies in the next phase of China’s growth. “Central SOEs must fully recognise the responsibilities and missions they shoulder and better serve the overall priorities of the party and the state,” he stressed in remarks conveyed to a meeting of central SOE leaders in Beijing on Monday and Tuesday, though he... https://www.scmp.com/economy/china-economy/article/3337577/chinas-xi-urges-state-giants-be-pillars-national-development?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3337577/chinas-xi-urges-state-giants-be-pillars-national-development?utm_source=rss_feed Wed, 24 Dec 2025 04:48:15 +0000 Mia Nurmamat Mia Nurmamat China’s state-asset watchdog has urged the country’s state-owned enterprises (SOEs) to act as an anchor for strategic industries, while also calling for a predictable, level playing field for private firms – a combination it said was essential for building world-class businesses. Zhang Yuzhuo, chairman of China’s State-owned Assets Supervision and Administration Commission (SASAC), outlined Beijing’s latest push to strengthen both the state and private sectors in an article published on Monday... https://www.scmp.com/economy/china-economy/article/3334750/beijing-aims-harness-state-private-sectors-build-world-class-firms?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3334750/beijing-aims-harness-state-private-sectors-build-world-class-firms?utm_source=rss_feed Mon, 01 Dec 2025 07:53:27 +0000 Frank Chen Frank Chen China’s leading aircraft manufacturer, determined to carve out a share of the lucrative but technologically complex civil aviation market, has obtained a timely round of financial support from its state backers, greatly expanding its registered capital as the firm aims to overcome a production bottleneck and remount its challenge to the Boeing and Airbus duopoly. As competition from the two Western giants for contracts heats up amid a supply chain crunch that has slowed turnaround rates for the... https://www.scmp.com/economy/china-economy/article/3334094/maker-chinas-c919-receives-massive-capital-injection-amid-supply-chain-challenges?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3334094/maker-chinas-c919-receives-massive-capital-injection-amid-supply-chain-challenges?utm_source=rss_feed Tue, 25 Nov 2025 10:00:27 +0000 Alice Li Alice Li China’s expansion of its rare earth export controls appeared to mark another escalation in the US-China trade war last week. But the announcements were also significant in another way: unusually, the documents could not be opened using American word processing software. For the first time, China’s Ministry of Commerce issued a slew of documents that could be directly accessed only through WPS Office – China’s answer to Microsoft Office – as Beijing continues its tech self-reliance... https://www.scmp.com/economy/china-economy/article/3328782/sending-message-beijing-issues-documents-without-word-format-amid-us-tensions?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3328782/sending-message-beijing-issues-documents-without-word-format-amid-us-tensions?utm_source=rss_feed Mon, 13 Oct 2025 07:00:50 +0000 He Huifeng He Huifeng China has announced production curbs in its strategic non-ferrous metals sector, the latest step in Beijing’s drive to rein in cutthroat competition and boost industrial efficiency. In a new action plan the Ministry of Industry and Information Technology (MIIT) has projected output growth of 1.5 per cent for primary non-ferrous metals this year, down from 4.3 per cent last year. The initiative expands Beijing’s campaign against “involution”, or neijuan in Chinese – a self-defeating cycle of... https://www.scmp.com/economy/china-economy/article/3327253/china-curbs-strategic-non-ferrous-metals-sector-fight-against-cutthroat-competition?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3327253/china-curbs-strategic-non-ferrous-metals-sector-fight-against-cutthroat-competition?utm_source=rss_feed Mon, 29 Sep 2025 23:00:08 +0000 Carol Yang Carol Yang From giant dams to sprawling railways, Beijing has pledged to step up investments along the so-called roof of the world, led by state-owned enterprises, as China marks the 60th anniversary of the Tibet autonomous region’s establishment. The State-owned Assets Supervision and Administration Commission (Sasac), China’s top state asset regulator, is calling for more targeted measures to boost industries, with more capital flowing into grass-roots projects and a greater promotion of cultural and... https://www.scmp.com/economy/china-economy/article/3323352/china-elevates-infrastructure-push-tibet-aiming-raise-investments-worlds-roof?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3323352/china-elevates-infrastructure-push-tibet-aiming-raise-investments-worlds-roof?utm_source=rss_feed Wed, 27 Aug 2025 10:00:18 +0000 Coco Feng Coco Feng China’s fast-developing humanoid robot market segment is seeing demand from enterprises gather speed, as prominent start-ups AgiBot and Unitree Robotics have landed orders totalling 124 million yuan (US$17.3 million) from state-owned China Mobile, the world’s largest telecommunications firm by number of subscribers. That order from China Mobile’s subsidiary in Hangzhou, capital of eastern Zhejiang province, involves the supply of 78 million yuan worth of full-size humanoid robots from AgiBot and... https://www.scmp.com/tech/tech-trends/article/3318152/robot-makers-agibot-unitree-and-ubtech-land-more-orders-chinese-enterprises?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3318152/robot-makers-agibot-unitree-and-ubtech-land-more-orders-chinese-enterprises?utm_source=rss_feed Mon, 14 Jul 2025 12:00:12 +0000 Coco Feng Coco Feng Unitree Robotics and artificial intelligence (AI) firm DeepSeek hosted Zhang Yuzhuo, director of China’s State-owned Assets Supervision and Administration Commission (SASAC), during his tour of the two privately-owned start-ups on Thursday. As part of his two-day visit to east Zhejiang province, where the two companies are based, Zhang aimed to learn from the two companies about “how enterprises effectively gather innovative resources and stimulate vitality in the field of AI”, according to an... https://www.scmp.com/tech/policy/article/3317707/deepseek-unitree-robotics-host-head-chinas-state-owned-firm-regulator-zhejiang-tour?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3317707/deepseek-unitree-robotics-host-head-chinas-state-owned-firm-regulator-zhejiang-tour?utm_source=rss_feed Thu, 10 Jul 2025 11:00:08 +0000