State-owned enterprises of China
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This is a list of state-owned enterprises of China. A state-owned enterprise is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular or dominant stockholder. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms are often used interchangeably. The defining characteristics are that they have a distinct legal shape and they are established to operate in commercial affairs. While they may also have public policy objectives, SOEs should be differentiated from other forms of government agencies or state entities that are established to pursue purely non-financial objectives.[1] The role of the Chinese Communist Party (CCP) in SOEs has varied at different periods but has increased during the rule of CCP General Secretary Xi Jinping, with the Party formally taking a commanding role in all SOEs as of 2020.[2] For example, Lai Xiaomin, the former president of China Huarong Asset Management, which is a famous state-owned enterprise, announced in 2015 that during the operation of China Huarong Asset Management, the Committee of China Communist Party will play a central role, and party members will play an exemplary role.[3]
The three primary entities involved in deploying intelligence operatives overseas are the Joint Staff Department of the Central Military Commission Intelligence Bureau, Ministry of State Security, and State Owned Enterprises.[4]
Investment decisions by the state-owned enterprises in other countries reflect whether those countries recognize Taiwan and have hosted meetings with the Dalai Lama, as well as voting patterns in the UN General Assembly and temporary memberships of the UN Security Council.[5]
State Council (Central Government)[edit]
China Investment Corporation[edit]
SASAC of the State Council[edit]
SASAC currently oversees 97 centrally owned companies.[6] Companies directly supervised by SASAC are continuously reduced through mergers according to the state-owned enterprise restructuring plan with the number of SASAC companies down from over 150 in 2008.[7]
Ministry of Finance[edit]
Ministry of Education[edit]
- Peking University
- Founder Group (70%)
- Peking University Resources Group (30% by Founder Group, 40% by Peking University directly)
- Peking University Resources (Holdings) (65.96% collectively by Founder Group and PKU Resources Group)
- Founder Technology
- Founder Holdings
- Peking University Resources Group (30% by Founder Group, 40% by Peking University directly)
- Jade Bird Software (48%)
- Beida Jade Bird Universal Sci-Tech (24.05% collectively)
- Sinobioway Group (40% as minority shareholder)
- Founder Group (70%)
Regional Governments[edit]
Anhui Province[edit]
Beijing Municipality[edit]
- Beijing Guoxiang Asset Management
- UBS Securities (33%)
- Beijing State-owned Capital Operation and Management Center
Chongqing Municipality[edit]
Gansu Province[edit]
- Gansu SASAC
- Baiyin Nonferrous (36.16%)
Guangdong Province[edit]
- Guangdong Rising Asset Management
- Guangdong Hengjian Investment Holding (100%)
- Guangdong Provincial Communication Group
- Guangdong Provincial Railway Construction Investment Group
- Guangdong Holdings
- Guangdong Investment (54.68%)
- TCL Corporation (36%)
- Tonly Electronics Holdings Limited (48.70%)
Zhuhai City[edit]
- Gree Group (100%)
- Gree Electric (sold in 2019)
- Gree Real Estate
Guangxi Zhuang Autonomous Region[edit]
Guizhou Province[edit]
- Kweichow Moutai Group
Hebei Province[edit]
Heilongjiang Province[edit]
- Beiman Special Steel (41.37%)
Hubei Province[edit]
Wuhan City[edit]
- Wuhan Financial Holdings Group (100%)
- Founder BEA Trust (67.51%)[9]
Liaoning Province[edit]
Shanghai Municipality[edit]
- Shanghai Data Exchange
- Shanghai Jiushi Group
- Shanghai Municipal Investment Group
- Shanghai International Port Group
Shandong Province[edit]
Linfen City[edit]
- Linfen Investment Group (100%)
Yantai City[edit]
As of 2019[update]
- Yantai Guofeng (100%)
- Wanhua Industrial Group (39.497%)
- Wanhua Chemical Group (21.56%)
Shanxi Province[edit]
- Datong Coal Mining Group
- Jincheng Anthracite Mining Group
- Shanxi Coking Coal Group
- Taiyuan Coal Gasification Group (51%)
Tianjin Municipality[edit]
Xinjiang Uyghur Autonomous Region[edit]
- Xinjiang Investment Development Group (100%)
Zhejiang Province[edit]
Ningbo City[edit]
- Bank of Ningbo (21.38%)
Hong Kong S.A.R.[edit]
- Hong Kong Link (100%)
- MTR Corporation (around 75% shares)
- Kowloon–Canton Railway Corporation (100%)
See also[edit]
- List of government-owned companies
- Lists of companies (category)
- State ownership
- United Front (China)
References[edit]
| Library resources about State-owned enterprises of China |
- ^ Profiles of Existing Government Corporations, pp. 1–16
- ^ Wang, Orange; Xin, Zhou (January 8, 2020). "China cements Communist Party's role at top of its SOEs, should 'execute the will of the party'". South China Morning Post. Retrieved January 8, 2020.
- ^ "《中国华融党委书记、董事长赖小民赴广东分公司调研 强调全系统要总结、学习、推广"广东经验"助推中国华融转型发展》". Archived from the original on 2020-08-27. Retrieved 2020-08-26.
- ^ Eftimiades, Nicholas. "The 5 Faces Of Chinese Espionage: The World's First 'Digital Authoritarian State'". breakingdefense.com. Breaking Defense. Retrieved 26 October 2020.
- ^ Stone, Randall W.; Wang, Yu; Yu, Shu (2021). "Chinese Power and the State-Owned Enterprise". International Organization: 1–22. doi:10.1017/S0020818321000308. ISSN 0020-8183.
- ^ "央企名录" [List of Central SOEs]. Official website of SASAC (in Chinese). 20 December 2016. Retrieved 10 February 2017.
- ^ "China gives state firms $8 bln to combat slowdown". Reuters. November 28, 2008.
- ^ "Zhōngguó bǎowǔ "wúcháng" shōugòu mǎgāng gāngtiěyè jiānbìng chóngzǔ tísù" 中国宝武“无偿”收购马钢 钢铁业兼并重组提速. 第一财经 (Yicai) (in Chinese). Shanghai. 3 June 2019. Retrieved 18 June 2019.
- ^ "关于方正东亚信托有限责任公司调整股权结构的批复" (in Chinese). CBRC. 4 November 2016. Retrieved 9 January 2017.
