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COSCO Shipping Ports
COSCO Shipping Ports Limited, stylized as COSCO SHIPPING Ports is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of COSCO and now part of its successor, COSCO Shipping. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding. COSCO Pacific was a Hang Seng Index constituent ( blue chip) from 2003 to 2014. COSCO Pacific also a red chip company so that it once considered as a purple chip company. History COSCO Pacific Limited is a Bermuda incorporated company and was a subsidiary of China Ocean Shipping (Group) Company (COSCO). In 1994, it became a listed company in the Stock Exchange of Hong Kong (SEHK). At that time, Hong Kong is a British colony and not yet handover back to the People's Republic of China. After the 1997 handover, Hong Kong still has a separate jurisdiction apart from the Mainland China. Since COSCO P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blue Chip (stock Market)
A blue chip is capital stock of a Corporation, stock corporation with a national reputation for quality, reliability, and the ability to operate profitably in both good and bad times. Origin As befits the sometimes high-risk nature of stock picking, the term "blue chip" derives from the card game poker. The simplest sets of casino token, poker chips include casino token#Colors, white, red, and blue chips, with American tradition dictating that the blues are highest in value. In the United States, blue chips were traditionally used for higher values such that "blue chip" used in noun and adjectival word sense, senses are attested since 1873 and 1894, respectively. This established connotation was first extended to the sense of a blue-chip stock in the 1920s. According to Dow Jones & Company, Dow Jones company folklore, this sense extension was coined by Oliver Gingold (an early employee of the company that would become Dow Jones) sometime in the 1920s, when Gingold was standing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xinhua News Agency
Xinhua News Agency (English pronunciation: ),J. C. Wells: Longman Pronunciation Dictionary, 3rd ed., for both British and American English or New China News Agency, is the official state news agency of the People's Republic of China. It is a ministry-level institution of the State Council. Founded in 1931, it is the largest media organ in China. Xinhua is a publisher, as well as a news agency; it publishes in multiple languages and is a channel for the distribution of information related to the Chinese government and the ruling Chinese Communist Party (CCP). Its headquarters in Beijing are located close to the central government's headquarters at Zhongnanhai. Xinhua tailors its pro-Chinese government message to the nuances of each international audience. The organization has faced criticism for spreading propaganda and disinformation and for criticizing people, groups, or movements critical of the Chinese government and its policies. History The predecessor to Xinhua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qingdao Qianwan Container Terminal
Qingdao Qianwan Container Terminal is a port of China, located at Qianwan, Qingdao, Shandong province. Qingdao Port ranked 10th in 2008 world's busiest container ports with 10,320 thousands TEU, current projects were expected to raise the capacity to 15,000 thousands or more. Phase 2 & 3 were held by Qingdao Qianwan Container Terminal Co., Ltd (QQCT), a joint venture of Qingdao Port (Group) Co (31%), Dubai Ports World (29%), COSCO Pacific (20% interests, 18.18% voting power) and Maersk (20%). Phase 2 and 3 had 11 berths. Phase 4, as Qingdao New Qianwan Terminal (QQCTN), located in south bank, was a joint venture of Qingdao Qianwan Container Terminal Co., Ltd, (80%) and Pan Asia International Shipping (20%, which started to build in 2007. In 2009, the first 4 out of 10 berths started to operate. Co-currently, China Merchants Holdings (International) reached an agreement with Qingdao Qianwan International Logistic Park to build a port for the Logistic Park in September 2003., ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liu Chong Hing Bank
Chong Hing Bank is a bank founded in Hong Kong in 1948. It is headquartered in Central, while the back offices are located in Western District and Mong Kok. It was owned by the Liu family of Hong Kong until it was acquired by the Chinese state-owned Yue Xiu Group in 2014. History The bank was founded as Liu Chong Hing Bank in Hong Kong in 1948 by Liu Po-shan (廖寶珊), who migrated to Hong Kong from Chiuchow shortly before the Japanese occupation of the territory began in 1942. He entered the property business and subsequently banking in 1948, working from an office on Wing Lok Street in Western. In 1955 the company became a savings bank with branches. It suffered a bank run for several days from 14 June 1961, which managing director Liu Po-sang blamed on "malicious rumours by rivals". The rumours said that the bank was under police investigation. The panic partially subsided by 17 June 1961 after the Hong Kong Police affirmed that there was no such investigation and after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Busiest Container Ports
This article lists the world's busiest container port A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Hamburg, Manch ...s (ports with container terminals that specialize in handling goods transported in intermodal shipping containers), by total number of twenty-foot equivalent units (TEUs) transported through the port. The table lists volume in thousands of TEU per year. The vast majority of containers moved by large, ocean-faring container ships are 20-foot (1 TEU) and 40-foot (2 TEU) ISO-standard shipping containers, with 40-foot units outnumbering 20-foot units to such an extent that the actual number of containers moved is between 55%–60% of the number of TEUs counted.Assuming that all boxes are either counted as 1 or 2 TEUs (which is pretty much the case), and that for every 20-foot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwai Tsing Container Terminals
Kwai Tsing Container Terminals is the main port facilities in the reclamation along Rambler Channel between Kwai Chung and Tsing Yi Island, Hong Kong. It evolved from four berths of Kwai Chung Container Port () completed in the 1970s. It later expanded with two berths in the 1980s. Two additional terminals were added adjoining to Stonecutters Island in the 1990s and it was renamed Kwai Chung Container Terminals. In the 2000s, Container Terminal 9 on Tsing Yi Island was completed, and the entire facility was renamed as ''Kwai Tsing Container Terminals''. It has been the eighth-busiest container port in the world since 2019, just after Shanghai, Singapore, Ningbo-Zhoushan, Shenzhen, Guangzhou, Busan and Qingdao. History The Container Committee was appointed by the Governor Sir David Trench on 12 July 1966 to advise the government on the containerisation revolution in cargo handling. In early 1967 the committee declared that Hong Kong had to build the capacity to handle co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hongkong International Terminals
Hongkong International Terminals Limited (HIT) () operates 12 berths in Terminal 4, 6, 7 and 9 (North) of Kwai Tsing Container Terminals and another four at Terminal 8 through a joint venture with COSCO SHIPPING Ports and Asia Container Terminals. HIT is the largest container terminal operator in Hong Kong. HIT is a member of Hutchison Port Holdings Trust, the world's first container port business trust. HIT is also a part of Hutchison Ports' global network of port and logistics operations, and continues to have access to services and resources enjoyed by companies within the Hutchison Ports Group. In 2013, the dock workers went on a strike in the container berths HIT for better pay and working conditions. See also * 2013 Hong Kong dock strike References External links Hongkong International Terminals Limited Transport in Hong Kong Ports and harbours of Hong Kong Port operating companies Kwai Tsing District Lai King Tsing Yi Stonecutters Island CK Hutchison Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Handover Of Hong Kong
The handover of Hong Kong from the United Kingdom to the People's Republic of China was at midnight on 1 July 1997. This event ended 156 years of British rule in the former colony, which began in 1841. Hong Kong was established as a special administrative region of China (SAR) for 27 years, maintaining its own economic and governing systems from those of mainland China during this time, although influence from the central government in Beijing increased after the passing of the Hong Kong national security law in 2020. Hong Kong had been a colony of the British Empire since 1841, except for four years of Japanese occupation from 1941 to 1945. After the First Opium War, its territory was expanded in 1860 with the addition of Kowloon Peninsula and Stonecutters Island, and in 1898, when Britain obtained a 99-year lease for the New Territories. The date of the handover in 1997 marked the end of this lease. The 1984 Sino-British Joint Declaration had set the conditions unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Hong Kong
Hong Kong was under British Empire, British rule from 1841 to 1997, except for a Japanese occupation of Hong Kong, brief period of Japanese occupation during World War II from 1941 to 1945. It was a crown colony of the United Kingdom from 1841 to 1981, and a British Dependent Territory, dependent territory from 1981 to 1997. The colonial period began with the British occupation of Hong Kong Island under the Convention of Chuenpi in 1841 of the Victorian era, and ended with the handover of Hong Kong to the China, People's Republic of China in July 1997. In accordance with Art. III of the Treaty of Nanking of 1842, signed in the aftermath of the First Opium War, the island of Hong Kong was ceded in perpetuity to Great Britain. It was established as a Crown colony in 1843. In 1860, the British expanded the colony with the addition of the Kowloon Peninsula and was further extended in 1898 when the British obtained Convention for the Extension of Hong Kong Territory, a 99-year lease ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchange Of Hong Kong
The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the 9th largest globally by market capitalization as of August 2024. The exchange plays a crucial role in connecting international investors with mainland Chinese companies, serving as a major platform for capital raising. Unlike mainland Chinese exchanges, it operates under Hong Kong’s distinct regulatory framework, which allows greater access to foreign investors. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became the world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. A 2021 poll reported that approximately 57% of Hong Kong adults had money invested in the stock market. The physical trading floor at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Ocean Shipping (Group) Company
China Ocean Shipping Company (COSCO) was a former shipping corporation from 1961 to 2016, owned by the State Council of China. The company merged with China Shipping Group Company to form China COSCO Shipping Corporation in January 2016. COSCO was founded in 1961 as a state-owned shipping and logistics services supplier company. COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of , and a tanker fleet of 120 vessels. The fleet calls at over a thousand ports worldwide. It ranks among the largest in both number of container ships and aggregate container volume in the world. In 2012, it was among China's top 15 brands. It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. In addition, the Group is the largest liner carrier in China. COSCO division COSCO Shipping Port Company manages the company's port operations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
