What's the difference between SASAC and state-owned assets investment co., ltd

The State-owned Assets Management Committee is an administrative organization, which performs the obligations and responsibilities of investors instead of the government. The establishment, alteration and reorganization of state-owned enterprises shall be approved by SASAC. Personnel are civil servants and career cadres.

Similar to the State-owned Assets Management Committee, the State-owned Assets Supervision and Administration Bureau (SASAC) can be a public institution or an administrative institution according to local decisions. State-owned asset management companies with civil servants and cadres as the main body are wholly state-owned companies, state-owned enterprises and state-controlled enterprises, SASAC and other companies funded by the government. The main responsibility is to manage the state-owned assets of administrative institutions and state-owned enterprises within the jurisdiction. If there are people in the company who have organized the transfer, and their status has not changed, they may be civil servants or career editors. If they are not selected personnel, they come from campus recruitment, social recruitment and enterprise transfer, and belong to state-owned enterprise cadres and contract employees.

SASAC is the department that manages the state-owned assets of the country. State-owned assets investment companies are operating companies. If they are local, they are managed by the landlord SASAC; If it is national, it will be managed by SASAC.

SASAC is a government department that exercises rights on behalf of state-owned shareholders, and is a direct or indirect nominal shareholder of all state-owned enterprises (except a few enterprises directly under the Ministry of Finance). The State-owned Assets Supervision and Administration Commission, authorized by law, exercises shareholders' rights in accordance with the articles of association. When making major decisions (such as increase or decrease in value, asset reorganization, major investment, guarantee, etc.), vote on the proposal of the shareholders' meeting according to the proposal of the board of directors. In addition, according to the articles of association, you can nominate and vote for board seats. Although SASAC and the controlling shareholders of private enterprises are similar in legal rights, they are quite different in actual rights, more like a shopkeeper who mainly listens to the report of the board of directors and makes decisions, and the operation of state-owned enterprises is basically out of control. Unlike private enterprises, the boss has the final say in everything, and he can completely control the company by appointing board members and proposing executives. After all, the appointment of senior executives in large state-owned enterprises still depends on local governments and organizational departments, and they can't do too many new tricks themselves. Therefore, although SASAC is the controlling shareholder of state-owned enterprises, its rights are actually a little worse. However, I still have to give SASAC some status. After all, I can't serve him well. I can not only drag you along with the motion of the shareholders' meeting, but also give youno. The state-owned asset management company is mainly a platform to undertake state-owned assets, and it is an asset management company. For example, the bad debts of banks are packaged and sold to state-owned companies, and assets such as property assets developed by the government are managed by one company.