China Market Intelligence

August 5th, 2015
Shari Lin

The recent flurry of M&A activity in China reflects the not-so-invisible hand of China’s State-owned Assets Supervision and Administration Commission (SASAC), founded in 2003 to oversee the largest of the non-financial state-owned enterprises (SOEs) in China. While SASAC controlled more than RMB 40 trillion in assets ($6.44 trillion) as of June 2015, the number of central SOEs in its portfolio has shrunk, from 196 in 2003 to 110 as of early August 2015. The US-China Business Council (...

June 24th, 2015
Jake Laband and Owen Haacke

A strong Chinese Communist Party (CCP) hand guiding state-owned enterprise (SOE) management was a central message emerging from recent meetings of the State Council Leading Group on Comprehensively Deepening Reform, China’s high-level interagency group charged with guiding China’s ongoing reform efforts. The meetings on June 5 emphasized the importance of addressing corruption issues while seeking to create “bigger, stronger, and better” SOEs that remain firmly under government control, and...