Legal basis: Provisional Regulations on the Supervision and Administration of State-owned Assets of Enterprises.
Article 6 the State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government, and the people's governments of cities divided into districts and autonomous prefectures respectively set up state-owned assets supervision and administration institutions. The state-owned assets supervision and administration institution shall, according to the authorization, perform the responsibilities of the investor and supervise and manage the state-owned assets of enterprises according to law.
With the approval of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government, cities and autonomous prefectures divided into districts with less state-owned assets of enterprises may not set up separate state-owned assets supervision and administration institutions.
Article 7 People's governments at all levels shall strictly implement the laws and regulations on the management of state-owned assets, adhere to the separation of the government's social public management functions from the functions of state-owned assets investors, and adhere to the separation of government from enterprises and the separation of ownership and management rights.
State-owned assets supervision and administration institutions do not exercise the government's social public management functions, and other government agencies and departments do not perform the duties of investors in state-owned assets of enterprises.
Article 8 The state-owned assets supervision and administration institution shall, in accordance with the provisions of these Regulations and other relevant laws and administrative regulations, establish and improve the internal supervision system and strictly implement the laws and administrative regulations.
Article 9 In case of war, serious natural disasters or other major and emergency situations, the state may uniformly call and dispose of the state-owned assets of enterprises according to law.
Article 10 The invested enterprises and the enterprises founded by them shall enjoy the autonomy of enterprise operation as stipulated by relevant laws and administrative regulations.
The state-owned assets supervision and administration institution shall support enterprises to operate independently according to law, and shall not interfere with the production and business activities of enterprises except performing the duties of investors.