The State-owned Assets Supervision and Administration Commission is a special agency (at the ministerial level) directly under the State Council. It is authorized to perform investor duties on behalf of the state and supervise the maintenance and appreciation of the state-owned assets of the enterprises under its supervision.

The responsibilities of the State-owned Assets Supervision and Administration Commission of the State Council are as follows:

1. As authorized by the State Council, perform investor duties in accordance with the "Company Law of the People's Republic of China" and other laws and administrative regulations , supervise the state-owned assets of centrally-owned enterprises (excluding financial enterprises), and strengthen the management of state-owned assets.

2. Be responsible for supervising the maintenance and appreciation of the state-owned assets of the enterprises under supervision. Establish and improve the index system for the maintenance and appreciation of state-owned assets, formulate assessment standards, supervise the maintenance and appreciation of state-owned assets of supervised enterprises through statistics and audits, be responsible for the salary distribution management of supervised enterprises, formulate income distribution policies for the heads of supervised enterprises and Organization and implementation.

3. Guide and promote the reform and reorganization of state-owned enterprises, promote the construction of modern enterprise systems for state-owned enterprises, improve the corporate governance structure, and promote the strategic adjustment of the layout and structure of the state-owned economy.

4. Appoint, remove and assess the responsible persons of supervised enterprises through legal procedures and reward and punish them based on their operating performance, establish a selection and employment mechanism that meets the requirements of the socialist market economic system and modern enterprise systems, and improve Operator incentive and restraint system.

5. Responsible for organizing the supervised enterprises to hand over state-owned capital gains, participating in the formulation of relevant management systems and methods for state-owned capital operating budgets, and responsible for the preparation and implementation of state-owned capital operating budgets and final accounts in accordance with relevant regulations.

6. In accordance with the responsibilities of the investor, be responsible for supervising and inspecting the supervised enterprises to implement the national work safety guidelines and policies as well as relevant laws, regulations and standards.

7. Responsible for the basic management of state-owned assets of enterprises, drafting laws and regulations on state-owned assets management, formulating relevant rules and systems, and guiding and supervising local state-owned assets management work in accordance with the law.

8. Undertake other matters assigned by the State Council.

Extended information

The internal structure and responsibilities of the State-owned Assets Supervision and Administration Commission of the State Council are as follows:

1. General Office (General Office of the Party Committee)

< p>Responsible for the commission's official documents, meetings, confidentiality, supervision, confidentiality, information, files, petitions, informatization, government affairs disclosure, etc.; liaise with the supervised enterprises to maintain stability.

2. Bureau of Policies and Regulations

Draft laws and regulations on the supervision and management of state-owned assets, undertake the organization, drafting, review and coordination of regulations, normative documents and policy documents; research and propose state-owned assets Provide policy recommendations for the improvement of the asset supervision system and system reform; undertake the review of the legality of major decisions of the commission;

research relevant legal issues in the reform and development of state-owned enterprises, guide and promote the legal construction and legal advisory work of the enterprises under supervision ; Responsible for inter-governmental dialogue and negotiation on issues related to state-owned enterprises and other foreign-related policy and legal work; Undertake legal affairs of the agency.

3. Planning and Development Bureau

Study and propose policy recommendations for strategic adjustments to the layout and structure of the state-owned economy; guide the layout and structural adjustments of supervised enterprises; review the development strategies and development strategies of supervised enterprises Planning and supervising major investments of supervised enterprises; responsible for the leading organization of international business strategies and overseas investment management of supervised enterprises.

4. Financial Supervision Bureau

Undertakes the financial budget and final accounts of the supervised enterprises; comprehensively studies the state-owned economy and the operating conditions of the supervised enterprises; organizes the resignation and management of the heads of the supervised enterprises Responsible for the economic responsibility audit work during the term; responsible for the asset liquidation and asset loss write-off of the supervised enterprises; guiding the risk management and control of the supervised enterprises; supervising the appointment of the chief accountant to report on important business matters and major risks of the enterprise, and researching and proposing handling opinions and suggestions; undertaking the state-owned assets of the enterprise Statistical analysis work.

5. Property Rights Management Bureau

Study and put forward opinions on improving the management of state-owned property rights, formulate rules and regulations and management methods for the management of state-owned property rights of enterprises; undertake the registration, transfer and allocation of property rights of enterprises under supervision Transfer, disposal and other work; undertake the approval and filing of asset evaluation projects of supervised enterprises; review the capital changes, equity management and bond issuance plans of supervised enterprises; supervise and standardize the state-owned property rights transactions of enterprises.

6. Enterprise Reform Bureau

Study and propose policy suggestions for the reform of state-owned enterprises; guide the construction of modern enterprise systems and board of directors of state-owned enterprises; formulate plans for the merger, joint-stock reform, and Reorganization plans such as listings and joint ventures; undertake the review of the articles of association of wholly state-owned companies invested; guide and promote the divestment of social functions of state-owned enterprises and solve historical problems, and cooperate with relevant departments to resettle laid-off workers.

7. Assessment and Distribution Bureau

Improve the international benchmarking and industry benchmarking system of enterprises, improve the business performance assessment system of the persons in charge of the supervised enterprises by classification; conduct annual evaluation of the persons in charge of the supervised enterprises and tenure assessment; based on the assessment results, regulate the overall level of wage distribution of the enterprises under supervision, propose the remuneration system and incentive measures for enterprise leaders and organize their implementation; standardize the performance remuneration, business expenses and employee welfare guarantees of the persons in charge of the enterprises under supervision; propose measures for state-owned enterprises Guiding opinions on the reform of the income distribution system.

8. Capital Operation and Income Management Bureau

Study the establishment of a state-owned capital operation system, organize and guide state-owned capital investment and operating companies to carry out state-owned capital operations, and promote the preservation and appreciation of state-owned capital; guide institutions Supervise enterprises to strengthen management and services for the financial businesses they engage in; organize and guide the establishment and operation of relevant investment funds;

Manage the work of the State-owned Assets Supervision and Administration Commission in fulfilling the responsibilities of shareholders of diversified investment entities; organize the surrender of supervised enterprises State-owned capital income; responsible for formulating relevant systems for state-owned capital operating budgets; undertaking related work for the preparation and implementation of state-owned capital budgets and final accounts.

9. Comprehensive Bureau

Comprehensive guidance and supervision of local state-owned assets supervision work, guidance and coordination of supervised enterprises to strengthen cooperation with local governments; research and propose policies to promote the implementation of scientific and technological innovation strategies by supervised enterprises It provides guidance on scientific and technological innovation and informatization construction of supervised enterprises; guides supervised enterprises on safety production, energy conservation and emission reduction, environmental protection, fulfillment of social responsibilities, and assistance to Xinjiang, Tibet and Qinghai.

10. Supervision Bureau II and Supervision Bureau III

Responsible for the utilization of relevant supervision results in Venezuela’s departments and bureaus and supervised enterprises, classified disposal, supervision and in-depth verification of supervision and inspection findings Regarding the transfer of issues, we organized special inspections on serious issues, organized investigations into major losses of state-owned assets, and put forward opinions and suggestions on accountability.

11. The First Bureau of Enterprise Leadership Management and the Second Bureau of Enterprise Leadership Management

Study and formulate relevant policies to strengthen the construction of leadership teams of state-owned enterprises; in accordance with management authority, be responsible for the leadership of supervised enterprises Responsible for team building and leadership management; responsible for guiding the talent work and education and training of the enterprises under supervision.

12. Party Building Work Bureau (Organization Department of the Party Committee, United Front Work Department of the Party Committee)

Guide the party building work of the enterprises under supervision, study and put forward opinions and suggestions on strengthening and improving the party building work of the enterprise; Responsible for the party organization building and party member education and management of the enterprises under supervision; responsible for guiding the party style and clean government construction and anti-corruption work of the enterprises under supervision; coordinating the labor union, youth and women's work of the enterprises under supervision, and undertaking the daily responsibilities of the Youth League Working Committee of Central Enterprises work; guide the united front work of the enterprises under supervision and the work of non-party intellectuals.

13. Propaganda Bureau (Propaganda Department of the Party Committee)

Responsible for the party’s ideological construction, spiritual civilization construction and publicity work in the supervised enterprises; guiding and promoting the ideological and political work and promotion of the supervised enterprises Corporate culture construction work; responsible for SASAC's external publicity and news work.

14. Research Bureau

Organize and carry out research on major theoretical issues in the reform and development of state-owned enterprises and the supervision of state-owned assets; draft important documents and reports.

15. International Cooperation Bureau

Responsible for the foreign affairs work of the commission’s agencies and directly affiliated units, and carry out international exchanges and cooperation; responsible for the foreign affairs affairs of the international operations of the enterprises under its supervision, and cooperate with the overseas Emergency and crisis management work.

16. Personnel Bureau

In accordance with the management authority, it is responsible for the personnel management of commissioned agencies and directly affiliated units.

17. Party Building Work Bureau of Industry Associations and Chambers of Commerce (Industry Associations and Chambers of Commerce Working Bureau)

Guide the party building work of industry associations and chambers of commerce, study and formulate relevant plans, systems and measures; review the responsibilities of industry associations and chambers of commerce personnel selection; guide the party organizations of industry associations and chambers of commerce to do foreign affairs-related work; be responsible for appointing and managing supervisors to industry associations and chambers of commerce.

18. Agency Services Administration (Retired Cadres Administration)

Responsible for the various management work of the affiliated retired cadres’ work agencies and agency service centers; responsible for commissioning agencies and affiliated units State-owned assets, financial and other administrative work; responsible for guiding and supervising the state-owned assets and financial work of the associated associations.

19. Party Committee of the Party Committee

Responsible for the party and mass work of the Party Committee and the directly affiliated units in Beijing.

20. Party Committee Inspection Work Office

Responsible for organizing and carrying out inspections of central enterprises, units directly under the State-owned Assets Supervision and Administration Commission, and industry associations affiliated with the party organization that have appointed and removed principal persons in charge of the State-owned Assets Supervision and Administration Commission. Supervision; strengthen leadership and guidance on internal inspections of central enterprises.

State-owned Assets Supervision and Administration Commission of the State Council—Organizational Overview