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Why does SASAC invest capital and delegate what level of management?
1. The State-owned Assets Supervision and Administration Commission (SASAC) is an ad hoc organization directly under the People's Republic of China and the State Council, China, and is responsible for supervising state-owned assets.

2. Assignment of capital injection by SASAC is a way for SASAC to operate and manage state-owned enterprises.

3. The purpose is to better manage and supervise the operation of state-owned enterprises and ensure the safety and appreciation of state-owned assets.