The full name of SASAC is the State-owned Assets Supervision and Administration Commission of the State Council, which is a ministerial-level ad hoc organization directly under People's Republic of China (PRC) and the State Council. The State Council is authorized to perform the investor's duties in accordance with the Company Law of People's Republic of China (PRC) and other laws and administrative regulations, guide and supervise state-owned enterprises to promote the reform and reorganization of state-owned assets and strengthen the management of state-owned assets; Promote the construction of modern enterprise system in state-owned enterprises and improve corporate governance. Promote the strategic adjustment of the structure and layout of state-owned economy.

I. Ownership:

It highlights the attributes of local state-owned enterprises that local governments, departments, institutions and other financing platforms raise financial funds and introduce assets such as land and equity adjustment.

Second, the government investment projects:

According to the latest definition, government investment refers to the investment and construction activities of fixed assets projects in China, including new construction, expansion, reconstruction and technical transformation. Non-operating projects dominated by government investment and capital investment.

According to the Notice of the State Council on Organization Establishment (Guo Fa [2008] 1 1), it is the State-owned Assets Supervision and Administration Commission of the State Council and an ad hoc organization directly under the State Council. The Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council shall perform the duties stipulated by the CPC Central Committee.

1. the State Council is authorized to perform the investor's duties in accordance with the Company Law of People's Republic of China (PRC) and other laws and administrative regulations, supervise and manage the state-owned assets of enterprises affiliated to the central government (except financial enterprises), and strengthen the management of state-owned assets.

2, to assume the responsibility of maintaining and increasing the value of state-owned assets of enterprises under supervision. Establish and improve the index system for maintaining and increasing the value of state-owned assets, formulate assessment standards, supervise the maintenance and increasing the value of state-owned assets of enterprises under supervision through statistical assessment, be responsible for the wage distribution management of enterprises under supervision, formulate the income distribution policy for the heads of enterprises under supervision and organize its implementation.

3 to guide the reform and reorganization of state-owned enterprises, promote the construction of modern enterprise system of state-owned enterprises, enrich corporate governance, and promote the strategic adjustment of the layout and structure of state-owned economy.