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The PLA at Home and Abroad - Strategic Studies Institute - U.S. Army

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82. Responsibilities of CSRC in official website of CSRC,<br />

available from www.csrc.gov.cn/pub/newsite/zjhjs/zjhjj/200709/<br />

t20070918_95176.htm.<br />

83. Note this consolid<strong>at</strong>ion is within CASC, not across group<br />

corpor<strong>at</strong>ions, so it does not include assets from CASIC. CASC is<br />

compar<strong>at</strong>ively more engaged in CMI s<strong>at</strong>ellite activities while CA-<br />

SIC is more concentr<strong>at</strong>ed on missiles <strong>and</strong> dedic<strong>at</strong>ed military technologies.<br />

CASIC plays a more supporting role in CMI aerospace<br />

industry.<br />

84. “中国卫星:卫星一体化应用实力最强” (“China Spaces<strong>at</strong>:<br />

Strongest Component of S<strong>at</strong>ellite Integr<strong>at</strong>ed Applic<strong>at</strong>ion”), 投资<br />

者报” (“Investor Journal), Sep.7, 2009.<br />

85. “平等准入 公平竞争 一视同仁——张嘉浩司长解读 国<br />

防科工委关于非公有制经济参与国防科技工业建设的指导意见”<br />

(“Director Zhang Jiahao Explains Guide of Non-st<strong>at</strong>e Economy<br />

particip<strong>at</strong>es in Defense S&T Industry”), 中国军转民 (Defence Industry<br />

Conversion in China), No. 4, 2007; Wang Hongwei (王宏伟),<br />

“试析民营经济准入国防科技工业的几个问题” (“Analysis on Civilian<br />

Economy Particip<strong>at</strong>ing in Defense S&T Industry”), 军事经<br />

济研究” (Military Economic Research), No. 3, 2007.<br />

86. Again, the example of China Spaces<strong>at</strong> shows th<strong>at</strong> CAST<br />

(under CASC) holds 51.32 percent of stocks in China Spaces<strong>at</strong>.<br />

See Hexun Finance website, available from stockd<strong>at</strong>a.stock.hexun.<br />

com/2009_sdgd_600118.shtml.<br />

87. In the reorganiz<strong>at</strong>ion of COSTIND in 2008, authority for<br />

defense asset restructuring was transferred to SASAC.<br />

88. According to the 2007 COSTIND regul<strong>at</strong>ions, the three areas<br />

included: a first group of key military enterprises producing<br />

str<strong>at</strong>egic weapons <strong>and</strong> equipment directly relevant to n<strong>at</strong>ional security<br />

would remain under sole ownership of the St<strong>at</strong>e; a second<br />

group, defense industries engaged in the production, general assembly<br />

<strong>and</strong> design of key weapon pl<strong>at</strong>forms <strong>and</strong> core subsystems<br />

would be permitted to convert to joint stock companies with the<br />

St<strong>at</strong>e as controlling shareholder; the remainder could reorganize<br />

in any form, including with priv<strong>at</strong>e <strong>and</strong> foreign investors as controlling<br />

shareholders.<br />

535

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