Extended data:
Institutional responsibility:
According to the Notice of the State Council on the Establishment of Institutions (Guo Fa [2008] 1 1), the State-owned Assets Supervision and Administration Commission of the State Council (ministerial level) is established as an ad hoc institution 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) Under the authorization of the State Council, 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 the state-owned assets of enterprises affiliated to the central government (excluding financial enterprises), and strengthen the management of state-owned assets.
(two) to undertake the responsibility of maintaining and increasing the value of the state-owned assets of the enterprises under supervision. Establish and improve the index system of 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 statistics and auditing, be responsible for the management of wage distribution of enterprises under supervision, formulate the income distribution policies of the responsible persons of enterprises under supervision and organize their implementation.
(3) to guide and promote the reform and reorganization of state-owned enterprises, promote the construction of modern enterprise system of state-owned enterprises, improve the corporate governance structure, and promote the strategic adjustment of the layout and structure of state-owned economy.
Baidu Encyclopedia-State-owned Assets Supervision and Administration Commission of the State Council