Authorized by the Shenzhen Municipal People's Government, this commission acts as the investor of state-owned assets in local state-owned enterprises and other organizations on behalf of the government.

Its major responsibilities include:
1) to perform the responsibilities of investor within its authority given by the municipal government and in accordance with relevant laws and regulations such as the Company Law of the People's Republic of China and the Interim Measures for the Supervision and Administration of State-owned Assets of Enterprises; to implement national laws and regulations on state-owned assets management; to draft relevant local regulations, policies and measures; to direct and supervise the management of local state-owned assets;

2) to direct the issues of Party building in the enterprises under its jurisdiction;

3) to direct and promote the enterprise reform and restructuring in local state-owned corporations; to supervise local state-owned assets' preservation and increment; to strengthen the management of local state-owned assets; to promote the establishment of modern-corporate systems and the improvement of corporate governance in local state-owned enterprises; to promote strategies on restructuring and relocating the state-owned sector; to establish a well-regulated mechanism for the mobility of capital in the state-owned sector; to establish and improve the state-owned assets management system that combines mixed sectors of the economy and suits China's socialist market economy;

4) through legal procedures and as required by the municipal party committee, to appoint and remove top executives of local state-owned enterprises, to evaluate their performances, either granting rewards or inflicting punishments based on the evaluations; to establish a corporate-executive selection system that meets the requirements of China's socialist market economy as well as modern enterprise systems; to improve the incentive and discipline mechanisms for corporate executives; to dispatch supervisors and chief-finance-officers to the enterprises under its jurisdiction; to direct the regular affairs concerning the management of the dispatched personnel; to crack down illegal activities under its jurisdiction;

5) to supervise the preservation and increment of local state-owned assets through monitoring and statistics-collecting; to establish and improve the criterion system for the preservation and increment of state-owned assets; to formulate relevant evaluation standards;

6) to collect capital returns and transaction incomes of the state-owned assets under its jurisdiction; to direct the use of these incomes; to safeguard the rights and interests of the investor of state-owned assets;

7) to direct the management of the state-owned assets in administrative and public organizations;

8) to direct the researches on reforming and developing collectively-owned enterprises as well as on the management of collectively-owned assets; to direct the formulation of relevant polices;

9) to establish an efficient communication channel with local enterprises for better services;

10) to undertake other assignments given by the municipal party committee and the municipal government.