The State-owned Assets Supervision and Administration Commission (SASAC) is the central organization directly under People's Republic of China (PRC) and the State Council. Mainly responsible for the management, adjustment and development of state-owned assets, as well as financial consultation, supervision and management of the government. It effectively applies the government's reform policy to the national economy, implements the nature and value of state-owned assets, improves the social benefits brought by the state-owned economy and promotes the sustained and healthy development of China's economy and society. SASAC is not a civil servant unit. It implements the policies of the State Council, embodies the privilege of the government, and is mainly responsible for the investment and evaluation of state-owned assets. Strong financial strength can provide strong financial support for state-owned assets management, development and reform, and foreign cooperation and financing. SASAC is not a civil servant unit, but a government organization, which plays an important role under the administrative organization, such as the State Council's reform and structural adjustment, government financial system adjustment and other policy implementation supervision work.
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