BUSINESS

China Sets Up New Bureau to Oversee SOEs’ Overseas Assets

Published: Apr. 8, 2026 10:45 p.m. GMT+8

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The State-owned Assets Supervision and Administration Commission in Beijing. Photo: VCG

China’s state asset regulator has set up a new bureau to oversee the overseas operations and assets of the country’s central state-owned enterprises (SOEs).

The State-owned Assets Supervision and Administration Commission (SASAC) said Wednesday it has established an Overseas State-owned Assets Working Bureau. The new unit will guide international operations, optimize offshore asset allocation, mitigate investment risks and handle overseas emergencies, according to the agency.

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SASAC established Overseas State-owned Assets Working Bureau to oversee central SOEs' overseas operations, assets, risks, and emergencies.
Led by Zhu Kai with four divisions; raises SASAC departments to 23; oversees 100 SOEs with 95T yuan assets.
SOEs hold ~8T yuan overseas assets (2021); outbound FDI $174.4B in 2025; 6/10 top multinationals.

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Who’s Who

China National Petroleum Corp.: China National Petroleum Corp. leads the list of China's 10 largest multinationals, according to a September 2025 report by the China Enterprise Confederation. It is one of six central SOEs in the top 10.

China Petroleum and Chemical Corp.: China Petroleum and Chemical Corp. is one of China's 10 largest multinationals and a central SOE, listed in a September 2025 China Enterprise Confederation report alongside five others, behind leader China National Petroleum Corp.

China COSCO Shipping Corp. Ltd.: China COSCO Shipping Corp. Ltd. is one of six central state-owned enterprises (SOEs) among China's 10 largest multinationals, per a September 2025 China Enterprise Confederation report. It is overseen by SASAC and contributes to China's global presence via overseas projects.

China National Offshore Oil Corp.: China National Offshore Oil Corp. is one of six central state-owned enterprises (SOEs) listed among China's 10 largest multinationals in a September 2025 report by the China Enterprise Confederation, following leaders like China National Petroleum Corp.

State Grid Corp. of China: State Grid Corp. of China is one of six central SOEs among China's 10 largest multinationals, per a September 2025 China Enterprise Confederation report. It is overseen by SASAC, which manages 100 central SOEs with over 95 trillion yuan in assets.

China Communications Construction Co. Ltd.: China Communications Construction Co. Ltd. is one of six central state-owned enterprises (SOEs) among China's 10 largest multinationals, per a September 2025 China Enterprise Confederation report.

AI generated, for reference only