The State-owned assets supervision and Administration Commission of the overallriskmanagementcompendiarequirements under all the dedicateddepartmentsinternally, topreventandcontrolrisks.
Southern Weekly reported the news, and suspected the SASAC (state-owned assetssupervisionandadministration commission) policies for punishment and the central corporate nominating system were to blame.
The agency that now regulates the state-owned firms, called the State-Owned AssetsSupervisionandAdministration Commission, should "confine itself to policy-making and oversight, " the report recommended, not management.