Is Cai Yue Holding Company under the control of SASAC?

Legal analysis: Guangdong Cai Yue Holdings is a wholly state-owned industry, and the state-owned assets supervision and administration institution of the people's government at the same level is authorized by the State Council or the local people's government to perform the responsibilities of investors.

Legal basis: Measures for the Administration of Legal Advisers of State-owned Enterprises

Article 2 These Measures shall apply to the management of legal advisers of state-owned and state-holding enterprises (hereinafter referred to as enterprises).

Article 3 The term "invested enterprises" as mentioned in these Measures refers to enterprises authorized by the people's governments of the State Council and provinces, autonomous regions and municipalities directly under the Central Government and the people's governments of cities and autonomous prefectures divided into districts to perform the responsibilities of investors according to law.

Article 4 The state-owned assets supervision and administration institution shall be responsible for guiding the management of enterprise legal advisers. The state-owned assets supervision and administration institution of the higher-level government shall, in accordance with these measures, guide and supervise the management of enterprise legal advisers in charge of the state-owned assets supervision and administration institution of the lower-level government.

Fifth state-owned assets supervision and administration institutions and enterprises should establish a legal mechanism to prevent risks, and establish and improve the enterprise legal adviser system.

Article 6 State-owned assets supervision and administration institutions and enterprises shall establish and improve the incentive and restraint mechanism for enterprise legal counsel.