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SASAC is not a company

@Infinty 0

Infinty 0: “SASAC is more than an administration agency and supervisory body.”

Unless you back that up with sources that is original research which is not allowed on wikipedia.

Infinty 0: “According to PRC Law on State-Owned Assets, Article 15 stipulates the SASAC’s responsibilities of the investor of state-owned assets. Article 16 stipulates the rights of the investor of state-owned assets. Article 22 stipulates that the SASAC, as the state-owned assets supervision and administration agency of the State Council, shall exercise investor rights in accordance with the law”

“Article 15 The institution performing the functions of a contributor shall be accountable to the people’s government at the corresponding level, report on its performance of the said functions to the said people’s government, accept supervision and assessment by the government, and be responsible for maintaining and increasing the value of State-owned assets.“[1]http://www.npc.gov.cn/zgrdw/englishnpc/Law/2011-02/15/content_1620615.htm

It stipulates administrative duties. No mentions of SASAC being shareholders. The state is the shareholder and SASAC is not a corporate entity. It is just an administrative and supervisory body because its duties are to administer and supervise. It may perform the responsibilities of an investor, but it is not an investor because it doesn't own anything. It is again, not a corporate entity. A holding company by definition has to own its subsidiaries.

“Article 16 The State-invested enterprises shall enjoy the rights to possess, use, benefit from and dispose of their movables, immovables and other property according to laws, administrative regulations and the articles of association of the enterprises. The decision-making power on their business operations as well as other lawful rights and interests legally enjoyed by State-invested enterprises shall be protected by law.”[2]http://www.npc.gov.cn/zgrdw/englishnpc/Law/2011-02/15/content_1620615.htm

How is this pertinent the question of SASAC being listed as a parent company? It doesn't even mention SASAC.

“Article 22 The institution performing the functions of a contributor shall, according to the provisions of laws and administrative regulations and of the articles of association of the enterprise, appoint or remove, or suggest the appointment or removal of, the following personnel of a State-invested enterprise: (1) appointing or removing the president, vice-presidents, persons in charge of financial affairs and other senior managers of a wholly State-owned enterprise; (2) appointing or removing the chairman or vice-chairmen of the board of directors, directors, chairman of the board of supervisors, or supervisors of a wholly State-owned company; and (3) proposing candidate for the director or supervisor to the assembly or general assembly of shareholders of a State-owned-capital holding company or State-owned-capital joint stock company. In a State-invested enterprise representatives of the employees shall serve as the directors or supervisors, who shall be elected democratically by the employees according to the relevant provisions of laws and administrative regulations.”[3]http://www.npc.gov.cn/zgrdw/englishnpc/Law/2011-02/15/content_1620615.htm

Again, irrelevant. 1) It says “performing the functions of a contributor shall...” not “shall perform the functions of a contributor/investor“ there is a difference. 2) That still doesn't make it a corporate entity nor a holding company for SOEs. Andro611 (talk) 00:14, 10 April 2023 (UTC)

"Article 11 The State-owned assets regulatory institution (in this sense, it means the central SASAC) under the State Council and such institutions established by the local people’s governments (the local SASAC) according to the regulations of the State Council shall, on authorization and on behalf of the people’s governments at the corresponding level, perform the functions of a contributor in respect of State-invested enterprises.

The State Council and the local people’s governments may, where necessary, authorize other departments or institutions to perform, on behalf of the people’s governments at the corresponding level, the functions of a contributor in respect of the State-invested enterprises.

All institutions and departments that perform the functions of a contributor on behalf of the people’s governments at the corresponding level shall be referred to as the institutions performing the functions of a contributor hereinafter."

As for Article 16, please check with the context above and below, this Article belongs to Chart III - State-invested Enterprises which corresponds with Chart II - Institutions Performing the Functions of a Contributor (the SASAC).

“SASAC is more than an administration agency and supervisory body.”

As the administration agency for state-owned assets, SASAC plays a crucial role in the operations, strategic planning, investment, and supervision of central SOEs based on the Law. SASAC not only formulates policies and plans for central SOEs, overseeing their operations and management, assisting them in achieving their reform and development goals, but also serves as contributor/investor and appoints management team for SOEs. It is the actual controller the 98 central SOEs around China, that can be seen as "parent agency". That's why I said it is more than an administration agency and supervisory body. (though you can define it as not a "parent company", it depends on how you see it)

I'm a Chinese citizen and I have been working for one of the 98 central SOEs for more than 11 years. To be honest, it's even feel funny for me to argue with westerner/outsider for what SASAC is. I know who my boss is. Cheers bro. Infinty 0 (talk) 02:08, 10 April 2023 (UTC)

@Infinty 0: ...(though you can define it as not a "parent company", it depends on how you see it)

Which is exactly what I am trying to say. I am not disputing the law or what SASAC does. I am merely saying that SASAC is not a parent or holding company. We can add a line of text clarifying that SOEs are administered/controlled by SASAC, but my whole point is that SASAC doesn't own what it administers (ie the SOEs). Administering companies means the same as controlling them. However a “parent company” implies ownership. What SASAC is and what it does does not have an exact English language corporate analogue, but it's wrong to describe it as a “parent company” for it's not a corporate entity. It's a government body or agency.

Andro611 (talk) 22:42, 12 April 2023 (UTC)

Agree, maybe you can add a line on it. Infinty 0 (talk) 01:39, 13 April 2023 (UTC)

Done. Thanks for your cooperation. Andro611 (talk) 23:00, 15 April 2023 (UTC)

FAW

Chinese automobile in the FAW Group & 1953-present of Zhaoxing 82.78.75.133 (talk) 15:13, 26 July 2023 (UTC)

Logo

File:FAW Group logo (2000).png File:FAW Group logo (2022).png 82.78.75.133 (talk) 15:18, 26 July 2023 (UTC)