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State-owned Assets Supervision and Administration Commission (China)

State-owned Assets Supervision and Administration Commission (China)
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 assets, drafting SOE-related laws and promoting scientific and technological innovation.
China technology

China’s nuclear fusion start-ups power up with record funding round

Startorus Fusion raised US$143 million, a record for a private firm, while Supermag New Energy received ‘several hundred million yuan’.

China’s Sinopec, CNAF to undergo consolidation, creating energy powerhouse

Shenhua absorbs coal assets as it looks to the future in a decarbonising China

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China’s Xi urges state giants to be pillars of national development

The president instructs central SOEs to drive industrial upgrading while securing critical technologies and supply chains in the face of geopolitical risks.

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