State Asset Supervision and Administration Commission (SASAC)
| Director: | Li Rongrong |
| Deputy Directors: | Li Wei Wang Yong Wang Ruixiang Huang Shuhe Shao Ning Huang Danhua Jia Fuxing Li Shousheng |
| Address: | 26 Xuanwumen Xidajie, Beijing 100053 |
| Telephone: | 86-10-6447-1629 |
| Facsimile: | 86-10-6447-1684 |
| Website: | www.sasac.gov.cn |
| Departments: | General Office; Policy and Regulations; Performance Assessment; Statistics and Evaluation; Property Right Management; Planning and Development; Enterprise Reform; Enterprise Restructuring; Enterprise Remuneration; Supervisory Panels Work; First Bureau of Corporate Executives Administration; Second Bureau of Corporate Executives Administration; Party Building; Publicity; Mass Work; Research Office; Foreign Affairs; Personnel; Retired Staff Management; CCP Committee; Discipline Inspection Bureau |
SASAC was created in March 2003 through the merger of offices from several other government organizations. SASAC consolidates the management of nearly 200 central-level, large state-owned enterprises (SOEs) previously spread among the State Economic and Trade Commission (SETC), the State Development Planning Commission, the Ministry of Finance, the Ministry of Labor and Social Security, and the Central Enterprise Work Committee. SASAC absorbed the bulk of the former SETC offices, while former SETC director Li Rongrong was appointed SASAC director. SASAC has a staff of about 800 people.
SASAC aims to streamline management of state-owned assets and advance the regulatory environment to allow for progress in the reorganization and sale of state-owned assets. Previously, different offices were responsible for SOE personnel appointments, budgets, planning, and policies. SASAC for the first time consolidates responsibility for ownership and control of state-owned assets in a single authority. Preparing a portion of these assets for privatization is a key priority and is seen as a main funding source for China's future pension and other fiscal liabilities. SASAC also manages China's 190 central-level SOEs, companies that China hopes to develop into PRC-owned multinational conglomerates.
SASAC was established to create an institutional basis for decisionmaking on the management of China's vast SOE system. The task of SOE reform is daunting and has already resulted in the shift of much responsibility for state assets to provincial and local governments, which own most of China's SOEs. The limit to regulate only centrally controlled assets combined with an inherent conflict with NDRC's industrial policymaking responsibilities leaves SASAC with an unclear mandate.
In a bureaucratic anomaly, SASAC has assumed responsibility for regulation of China's roughly 250 industry associations, groups that formerly reported to SETC. As members of these associations include SOEs as well as private and foreign-invested enterprises, it is unclear how SASAC will handle this role. SASAC is also in charge of the China Nonferrous Metals Industry Association, a major think tank for China's base metals industry that provides information and advice to the government.
Return to PART VI: State Council Directly Administered Offices