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Bohai Trust
Bohai International Trust Co., Ltd. (BITC) known as just Bohai Trust, is a Chinese investment management company based in Shijiazhuang, Hebei Province. The company has licensed to create trust (as private equity fund). The company is a subsidiary of HNA Group for 51.23% shares (via HNA Capital), plus additional 22.10% shares via China Xinhua Airlines, a subsidiary (83.39%) of Hainan Airlines. Hainan Airlines, a listed company, is partially owned by HNA Group. The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group (), which the group owned 72.98% stake of that subsidiary directly and indirectly (via ). History The predecessor of the trust company was founded in December 1983 as Hebei International Trust Investment Corporation (). In 2004 the company was re-registered as Hebei International Trust & Investment Co., Ltd. (), which Hebei Provincial State-owned Assets Supervision and Administration Commission was the largest shareholder for 95.24% sta ...
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Shijiazhuang
Shijiazhuang (; ; Mandarin: ), formerly known as Shimen and romanized as Shihkiachwang, is the capital and most populous city of China’s North China's Hebei Province. Administratively a prefecture-level city, it is about southwest of Beijing, and it administers eight districts, two county-level cities, and 12 counties. As of the 2020 census, the city had a total population of 11,235,086, with 6,230,709 in the built-up (''or metro'') area comprising all urban districts but Jingxing not agglomerated and Zhengding county largely conurbated with the Shijiazhuang metropolitan area as urbanization continues to proliferate. Shijiazhuang's total population ranked twelfth in mainland China. Shijiazhuang experienced dramatic growth after the founding of the People's Republic of China in 1949. The population of the metropolitan area has more than quadrupled in 30 years as a result of industrialization and infrastructural developments. From 2008 to 2011, Shijiazhuang implemented a thre ...
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1,000,000,000
1,000,000,000 (one billion, short scale; one thousand million or one milliard, one yard, long scale) is the natural number following 999,999,999 and preceding 1,000,000,001. With a number, "billion" can be abbreviated as b, bil or bn. In standard form, it is written as 1 × 109. The metric prefix giga indicates 1,000,000,000 times the base unit. Its symbol is G. One billion years may be called an ''eon'' in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is no longer common, and the word has been used to mean one thousand million (1,000,000,000) for several decades. The term ''milliard'' can also be used to refer to 1,000,000,000; whereas "milliard" is rarely used in English, variations on this name often appear in other languages. In the South Asian numbering system, it is known as 100 crore or 1 arab. 1,000,000,000 is also the cube of 1000 ...
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HNA Group
HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It is a part owner of Grand China Air. In July 2017, HNA Group ranked No. 170 in 2017 Fortune Global 500 list with a revenue of $53.335 billion. It is one of the most active investment companies in the world, acquiring numerous assets under its name. In 2021, the corporation declared bankruptcy after debt restructuring efforts failed. History In 1993, Chen Feng, Wang Jian, Tan Xiangdong, among others, created Hainan Airlines, with approval by the Hainan Provincial Government. Following a restructuring of the airline in 1997, they founded HNA Group Co. Ltd. in January 2000.
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China Xinhua Airlines
China Xinhua Airlines () was an airline based in Chaoyang District, Beijing, Chaoyang District, Beijing, China. It operated scheduled trunk services and charter flights. Its main bases were Beijing Capital International Airport and Tianjin Binhai International Airport. On November 29, 2007, it merged with Shanxi Airlines and Chang An Airlines to form Grand China Air, a subsidiary of Hainan Airlines. History The airline was established in August 1992 and started operations on 6 June 1993. In April 1997 it became a partner in the creation of Oriental Falcon Jet Service, with Dassault Falcon Jet and Avion Pacific to operate Falcon 50 charter operations in China. It is a subsidiary of Hainan Airlines which holds a 60% stake in the airline. The relative bases of operation have been regulated in international airports which understood them and the international airport of Tianjin Binhai, principally taking care itself of the domestic passenger and the transport of cargo. In the month ...
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Trust Law
A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit. In the Anglo-American common law, the party who entrusts the right is known as the "settlor", the party to whom the right is entrusted is known as the "trustee", the party for whose benefit the property is entrusted is known as the " beneficiary", and the entrusted property itself is known as the "corpus" or "trust property". A ''testamentary trust'' is created by a will and arises after the death of the settlor. An ''inter vivos trust'' is created during the settlor's lifetime by a trust instrument. A trust may be revocable or irrevocable; an irrevocable trust can be "broken" (revoked) only by a judicial proceeding. The trustee is the legal owner of the property in trust, as fiduciary for the beneficiary or beneficiaries who is/are the equitable owner(s) of the trust property. Trustees thus have a fiduciary duty to manage th ...
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Hainan Airlines
Hainan Airlines Co., Ltd. (HNA, ) is an airline headquartered in Haikou, Hainan, People's Republic of China. The airline is rated as a 5-star airline by Skytrax. It is the largest civilian-run and majority state-owned air transport company, making it the fourth-largest airline in terms of fleet size in the People's Republic of China, and the tenth-largest airline in Asia in terms of passengers carried. It operates scheduled domestic and international services on 500 routes from Hainan and nine locations on the mainland, as well as charter services. Its main base is Haikou Meilan International Airport, with hubs at Beijing Capital International Airport and Xi'an Xianyang International Airport and several focus cities. History Early years Hainan Airlines was established in October 1989 as ''Hainan Province Airlines'' in Hainan, the largest special economic zone in China. Hainan Province Airlines became China's first joint-stock air-transport company following a restructuring in J ...
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Share Capital
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or part- ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ...
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Haikou Meilan International Airport (company)
Haikou Meilan International Airport Co., Ltd. is a Chinese company. The company was the developer, owner and operator of the airport of the same name. However, the airport is now operated by the company's subsidiary HNA Infrastructure Co., Ltd. (formerly known as Hainan Meilan Airport). History Haikou Meilan International Airport Co., Ltd. () was incorporated on 25 August 1998 by a consortium of Civil Aviation Administration of China (50%), Hainan Airlines (33.4%) China National Aviation Fuel Group (8.3%) and Hainan International Trust Investment Corporation (8.3%). Initially the company had a share capital of . The company takeover the development of the airport from Haikou Meilan International Airport Corporation (), a subsidiary of Hainan Airport in the same year. In 2000, HNA Group, an associate company of Hainan Airlines, became the controlling shareholder of the airport developer. The company listed some of the assets to the Stock Exchange of Hong Kong as Hainan Meila ...
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Financial Services Companies Of China
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ...
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Private Equity Firms Of China
Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded by Ringo Sheena * "Private" (Vera Blue song), from the 2017 album ''Perennial'' Literature * ''Private'' (novel), 2010 novel by James Patterson * ''Private'' (novel series), young-adult book series launched in 2006 Film and television * ''Private'' (film), 2004 Italian film * ''Private'' (web series), 2009 web series based on the novel series * ''Privates'' (TV series), 2013 BBC One TV series * Private, a penguin character in ''Madagascar'' Other uses * Private (rank), a military rank * ''Privates'' (video game), 2010 video game * Private (rocket), American multistage rocket * Private Media Group, Swedish adult entertainment production and distribution company * ''Private (magazine)'', flagship magazine of the Private Media Group ...
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