China’s state-owned assets watchdog State-owned Assets Supervision and Administration Commission (SASAC) is considering directly holding stakes in central government-controlled enterprises which are listed on stock markets as a whole. The SASAC has taken efforts to push forward the reform and listing of China's central state-owned enterprises. However, experts expressed concerns that the practice may create chances for affiliated deals. Currently, the administration indirectly holds stakes in listing subsidiaries of central state-owned enterprises through their parent companies.