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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.
A researcher extracts DNA from maize samples at a laboratory at the Chinese Academy of Sciences’ Centre for Excellence in Molecular Plant Sciences in Shanghai on Tuesday. Photo: Xinhua
State-owned enterprises

China orders central state-owned enterprises to double basic research spending

Regulator calls on major state-owned companies to become ‘globally influential’ sources of technology in 10 strategic sectors.

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China energy security

China orders maritime security research as Hormuz crisis exposes trade risks

China exports

China strengthens oversight of state-owned assets overseas amid global tensions

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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 has launched an association specifically tasked with accelerating funding for the commercialisation of nuclear fusion technology. Photo: Shutterstock
Mergers & Acquisitions

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

State Council approves reorganisation between Sinopec and China National Aviation Fuel Group, state asset regulator says.

Energy

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

The deal to acquire US$18.9 billion of assets is meant to reduce excessive competition and enhance efficiency among state-owned enterprises.

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China manufacturing

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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Chinese President Xi Jinping speaks during a global business leaders meeting he hosted in March at the Great Hall of the People in Beijing. Photo: Kyodo
China's economic recovery

Beijing aims to harness state, private sectors to build ‘world-class firms’

Private firms need a stable, level playing field, with state-owned enterprises acting as anchors for strategic industries, state-asset watchdog says.

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China airliners

Maker of China’s C919 receives capital injection amid supply chain challenges

The state-owned Comac has received more funding from its stakeholders, a timely infusion as the company attempts to clear a backlog of C919 orders.

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US-China trade war

Sending a message: Beijing issues documents without Word format amid US tensions

For the first time, China’s Ministry of Commerce issued policy announcements in documents only accessible via domestic software last week.

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China has launched a drive to reduce its reliance on foreign technology, including software systems like Microsoft Office, amid rising geopolitical tensions. Photo: AFP
China deflation

Efficiency, not involution: China curbs metals sector to fight extreme competition

The anti-involution drive expands to non-ferrous metals, as Beijing prioritises quality over quantity.

Employees wind copper rods at a workshop which recycles copper in Anqing, in Chinaís eastern Anhui province on July 11. Photo: AFP
Tibet

China’s infrastructure push in Tibet aims to elevate investments on world’s roof

Fresh investment and promotion plans follow President Xi’s visit to the Tibetan Plateau, where environmental and transport challenges remain.

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Robotics

Robot makers AgiBot, Unitree, UBTech land more orders from Chinese enterprises

A subsidiary of China Mobile has ordered US$17.3 million worth of humanoid robots from AgiBot and Unitree.

DeepSeek

Head of China’s state-owned firm regulator visits DeepSeek, Unitree

Zhang Yuzhuo says state-owned enterprises should learn from the agile innovation practices of private firms.

A Unitree humanoid robot blows a kiss at the company’s offices in Hangzhou, eastern China’s Zhejiang province. Photo: Xinhua
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