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The phrase "administration of assets" is correct and usable in written English.
It can be used in contexts related to finance, management, or legal matters where the management or oversight of assets is being discussed.
Example: "The administration of assets is crucial for ensuring the financial stability of the organization."
Alternatives: "management of assets" or "oversight of assets".
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In the administration of water assets, quality of water is as important as its amount.
Lastly, having deployed the new mode of supervision and administration of state assets (i.e., established SASAC), model 4 examines the different formation mechanisms of the interlocking networks between companies that are affiliated to different administrative levels of government.
Model 3 examines the effect of changing mode of supervision and administration of state assets (using the establishment of SASACs in 2004 as a demarcation point) on constructing interlocking directorate relations.
In March 1643, Temple had returned to Sussex, and along with his stepbrother, John Busbridge, he was appointed by Parliament to the Sussex committee set for the sequestration (i.e. seizure and administration) of the assets of prominent Royalists.
Hours after the Bush administration ordered the seizure of assets held by nine individuals and a Pakistan-based group, representatives of the big seven industrial democracies plus Russia met tonight to review their progress in cutting off terrorist financing.
"It was determined earlier this year by Congress and the administration that those assets were no longer assets of Iraq, but they were resources required for the urgent national security needs of rebuilding Iraq".
WASHINGTON (AP) -- The Obama administration froze assets of the Libyan government, leader Muammar Gaddafi and four of his children Friday, just hours after it closed the U.S. Embassy in Tripoli and evacuated its remaining staff.
While praising the Bush administration for blocking assets of some charitable organizations since the Sept. 11 attacks, the report from the Council on Foreign Relations concluded that there was much work to be done in shutting down the financing of terror groups.
FS' basic services cost $4,750 to set up, then $4,500 a year plus 0.35% to 0.12% of assets under administration.
The company, now under the administration of the state-owned Assets Supervision and Administration Commission, has built more than 32,000 kilometers (19,884 miles) of railways, more than 18,000 kilometers (11,185 miles) of highways and 26 airports, as well as 132 water and power plant projects over the past 50 years.
From the perspective of local administrations with their structural lack of assets, the new situation therefore became, at least temporarily, more difficult than it was before.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com