The entrusted management institution of state-owned financial capital is managed by the State-owned Assets Supervision and Administration Commission (hereinafter referred to as SASAC) authorized by the State Council. SASAC is responsible for supervising and managing the operation and management of state-owned capital and promoting the reform and development of state-owned enterprises.

State-owned financial capital refers to financial institutions, companies or other financial entities owned by China Municipal Government. These entities include banks, insurance companies, securities companies, trust companies, funds, etc.