China's State-owned Assets Supervision and Administration Commission of the State Council Photo: VCG

China's State-owned Assets Supervision and Administration Commission of the State Council (SASAC) has newly established the bureau of overseas state-owned assets, Xinhua News Agency reported on Wednesday.

According to the official website of the Commission, the main responsibilities of the new bureau include guiding the supervised enterprises in their international operations and optimizing the layout, structure, and adjustment of overseas assets; undertaking supervision of overseas assets of the supervised enterprises; strengthening risk prevention and mitigation in areas such as overseas investment and operations; and handling matters related to overseas emergencies and crisis response.

The bureau has established internal divisions including the international operations division, the risk prevention and mitigation division, the supervision and governance division, the emergency management division, per the official website.

Global Times