Prevent Investment War Risk, China's SASAC Establishes Overseas Work Bureau

Comprehensive reports from Xinhua News Agency and Pengpai News indicate that the official website of China's State-owned Assets Supervision and Administration Commission (SASAC) has launched a page for the "Overseas State-owned Assets Work Bureau." Zhu Kai has been appointed as the director, and the bureau includes departments such as International Operations, Risk Prevention, Supervision and Governance, and Emergency Management.

According to reports, the main responsibilities of the newly established "Overseas State-owned Assets Work Bureau" include: guiding the international operations and optimizing the structure of overseas assets of supervised enterprises; undertaking supervisory work related to the overseas assets of supervised enterprises; strengthening the prevention and resolution of risks in overseas investment and operations; and handling overseas emergencies and crisis response.

Chinese state-owned enterprises (SOEs) are crucial tools for the Chinese authorities to implement the "Belt and Road" initiative, undertaking investments and construction roles in partner countries. However, many countries participating in the "Belt and Road" initiative face political, economic, and social turmoil. Incidents of Chinese company projects and personnel being attacked by locals, or projects being halted due to regime changes, have occurred frequently in recent years.

Therefore, the establishment of the "Overseas State-owned Assets Work Bureau" by SASAC is considered to have risk control and security assurance functions. It aims to help Chinese SOEs identify and respond to various political, legal, and financial risks associated with overseas investments, and to provide policy coordination, information consultation, and other services for Chinese SOEs developing overseas. (Editors: Qiu Guoqiang / Zhu Jianling) 1150408