SASAC

People close to the company suggested that the move was a normal progression, not necessarily linked to Sasac's governance reform efforts.

But instead of putting in place more effective internal risk management measures, SASAC seems to be focusing on outsourcing the problem.

Still, Mr Michael, who served as one of the only foreigners on China Mobile's advisory board, believes SASAC deserves some praise.

The leading group shall set up an office (located in the General Office of the SASAC) to assume the routine work of the leading group.

To be fair to SASAC, it never really stood much of a chance.

Since SASAC started life, its chairman, Li Rongrong, has announced nothing but good news.

Why does SASAC not go further and demand that the companies beat a more accurate and higher cost of capital?

Previously a deputy chairman with SASAC, Wang is reported by local media to be a soft-tempered but firm person.

Nothing in Wang Yong's career trajectory suggests that SASAC will emerge as a more powerful force under his leadership.

And SASAC is now pushing the biggest of its charges to appoint boards of directors.

Sasac said it was investigating a number of derivatives deals and would help companies find ways to "minimise losses" .

"SASAC" means the State-owned Assets Supervision and Administration Commission of the PRC or its relevant local organs.

Up to now, 11 military industry groups are under the SASAC, maintaining the lifeblood of China's defense industry.

next, constitutes the information center of financial supervision which SASAC gives to the Solely State-owned Company.

In its role as a shareholder, SASAC has been faulted for not taking a bigger cut of state firms' earnings.

Observers say the change in leadership was signalled in May, when Sasac announced five promotions within CNOOC.

State media reports have said Sasac will require state-owned enterprises to divest their non-core businesses within three years.

Since SASAC itself was created it has reduced the official number of giant central government-owned SOEs from 196 to 122.

The forth is to improve the SASAC as the investor of state-ownership share.

In 2003, the State Council set up a new organ, the State-owned Assets Supervision and Administration Committee (SASAC).

Although SASAC has started the companies with a low capital cost (5. 5%), half produce negative EVA.

What some see as equally worrying is SASAC's unclear mandate for managing the firms under its purview.

His underlying message: Blame anyone for the losses and the bailouts, just don't blame SASAC.

Sasac, as it is known, operates under China's cabinet, or State Council.

The state-owned sector's clout in the overall economy has increased since SASAC was launched.

Sasac is now experimenting with new governance models for 32 SOEs.

SASAC to stress, in addition, the SASAC in 2008 not to the central power enterprises to other matters relating to capital injection.

In China's centralized political system, many leaders of top state firms enjoy the same political ranking as the head of SASAC.

SASAC's real mandate is the transformation of a group of 30-50 SOEs into globally competitive "national champions" by 2010.

On the afternoon of May 14, SASAC summoned an emergency video conference to deploy next-step work for the central SOEs for disaster relief.

As a regulator, critics say SASAC has also been too weak.

SASAC has urged them to merge, creating three "emperors" and five "kings" .

Among 149 centrally controlled SOEs under the direct supervision of the SASAC, nineteen were on the Fortune 500 list.

So they offer SASAC members a 'scholarship' of sorts: Students who come from SASAC companies pay 29, 000 euros.

Xugong also said that Sasac had given the green light for the deal.

In some ways, SASAC aims to modernise its enterprises.

For a start, they have a direct line to the highest levels of government through their parent company at the government ministry SASAC.

Sasac controls 161 companies in sectors such as energy, aviation and telecommunications.

SASAC delivered the policy on 12. 01. 2010.

Official figures show that profits at the firms controlled by SASAC have increased, to $129 billion last year.

Promote central state-owned enterprises to fully implement IP strategy, improve the system for IP management in enterprises. (SASAC, SIPO)

State-owned Assets Supervision and Administration Commission of the State Council (SASAC) [PRC]

be strictly in accordance with provincial SASAC and the group's demands, integration of resources and Mine management work;

Guangdong SASAC to Establish Early Next Year

Research on the Multiple Position Taken by SASAC