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.