The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council.
[1] SASAC is responsible for managing state-owned enterprises (SOEs), including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to SOEs.
[5] Vice Premier Zhang Guoqing is responsible for the supervision of the SASAC.
[6]: 16 SASAC oversees China's SOEs in nonfinancial industries deemed strategically important by the State Council, including national champions in areas like energy, infrastructure, strategic minerals, and civil aviation.
[6]: 16 As of 2023[update], SASAC currently oversees 97 centrally owned companies.