The State-owned Assets Supervision and Administration Commission of the State Council (simplified Chinese: 国务院国有资产监督管理委员会; traditional Chinese: 國務院國有資產監督管理委員會; pinyin: Guówùyuàn guóyǒuzīchǎn jiāndū guǎnlǐ wěiyuánhuì) (abbreviation SASAC, simplified Chinese: 国资委; traditional Chinese: 國資委; pinyin: Guó zīwěi) is a special commission of the People's Republic of China, directly under the State Council. It is responsible for managing China's state-owned enterprises, including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to state-owned enterprises.
The chairman and party secretary is Wang Yong (王勇).[1]
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Affiliated industrial associations include:
As of August 2010 SASAC oversees 123 large centrally-owned companies (中央企业), based on the state-owned enterprise restruction plan, the SASAC directly-supervised SOE will be reduced to 80-100 by the ending of 2010 year.The small companies will be merged into big state-owned enterprise giants.[2]: The listing is therefore in regular revision:
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