China Satellite Communications
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China Satellite Communications
China Satellite Communications Co., Ltd. known as China Satcom is a Chinese aerospace company that provides services via satellites. The company was a subsidiary of China Aerospace Science and Technology Corporation (CASC). China Satellite Communications operated the brand ChinaSat. APT Satellite Holdings, a listed company that was jointly controlled by China Satellite Communications and China Great Wall Industry Corporation (another subsidiary of CASC), operated satellites under the brand Apstar. Before re-incorporated as a limited company, the company was known as China Satellite Communications Corporation. History China Satellite Communications Corporation was formed sometime in 2000 by the merger of several satellite companies of the In 2009, China Satellite Communications Corporation, a state-owned enterprise that was supervised by the State-owned Assets Supervision and Administration Commission of the State Council directly, was dismantled and distributed to China Aerospac ...
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China Aerospace Science And Technology Corporation
The China Aerospace Science and Technology Corporation, or CASC, is the main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, strategic and tactical missile systems, and ground equipment. It was officially established in July 1999 as part of a Chinese government reform drive, having previously been one part of the former China Aerospace Corporation. Various incarnations of the program date back to 1956. Along with space and defense manufacture, CASC also produces machinery, chemicals, communications equipment, transportation equipment, computers, medical care products and environmental protection equipment. CASC provides commercial launch services to the international market. By the end of 2013, the corporation has registered capital of CN¥294.02 billion and employs 170,000 people. In December 2017, the CASC was converted from a state-owned enterprise (全民所有制 ...
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ChinaSat
ChinaSat () is the brand name of communications satellites operated by China Satellite Communications. History In 2007, a joint venture China Direct Broadcast Satellite was formed to run the brand ChinaSat. It was a joint venture of state-owned companies China Satellite Communications, China Orient Telecommunications Satellite and Sino Satellite Communications. The latter was controlled by China Aerospace Science and Technology Corporation (CASC). However, China Satellite Communications was changed from a direct subsidiary of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) to a direct subsidiary of CASC in 2009, the joint venture was dissolved and Sino Satellite Communications became a subsidiary of China Satellite Communications. The brand ChinaSat was previously operated by China Telecommunications Broadcast Satellite Corporation, which was owned by China's Ministry of Posts and Telecommunications. China Telecommunications B ...
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APT Satellite Holdings
APT Satellite Holdings Limited is a Bermuda-incorporated holding company. Its Hong Kong-incorporated subsidiary APT Satellite Co., Ltd. is the operator of the Apstar satellite constellation. APT Satellite Holdings and APT Satellite are headquartered in Hong Kong. As at 30 June 2016 the company had a market capitalisation of HK$3.816 billion. It is a red chip company, as it was an overseas incorporated company, but controlled by the Chinese Government indirectly (via China Aerospace Science and Technology Corporation). Fellow Hong Kong-based satellite company AsiaSat was also partially owned by the Chinese Government (via CITIC Group), but belongs to a different department of the State Council. History The establishment of APT Satellite Company Limited was officially approved by the State Council of the People's Republic of China on 26 March 1992, the company's incorporation on 21 January 1992 as Free Union Limited, renaming to Trans-Asia-Pacific Satellite Communications Co., ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ...
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State-owned Assets Supervision And Administration Commission Of The State Council
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing state-owned enterprises (SOEs), including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to SOEs. , its companies had a combined assets of CN¥194 trillion (US$30 trillion), revenue of more than CN¥30 trillion (US$4.6 trillion), and an estimated stock value of CN¥65 trillion (US$10.06 trillion), making it the one of the largest economic entities in the world. Central SOEs SASAC currently oversees 97 centrally owned companies. Companies directly supervised by SASAC are continuously reduced through mergers according to the state-owned enterprise restructuring plan with the number of SASAC companie ...
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China Telecommunications Corporation
China Telecommunications Corporation (Chinese: 中国电信集团有限公司), known as its trading name China Telecom, is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China. It has three listed companies: China Telecom Corporation Limited (), China Communications Services Corporation Limited () and Besttone Holding Co., Ltd. (). History The company originated as a government agency of the . On 27 April 1995, it was registered as a separate legal entity as Directorate General of Telecommunications, P&T, China, using "China Telecom" as brand name. On 17 May 2000 it was registered as China Telecommunications Corporation. In May 2002, China Netcom Corporation was spun off as a separate company that was also supervised by the State-owned Assets Supervision and Administration Commission of the State Council directly. It also owned subsidiaries in Beijing, Tianjin, Hebei, Shanxi ...
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China Daily
''China Daily'' () is an English-language daily newspaper owned by the Central Propaganda Department of the Chinese Communist Party. Overview ''China Daily'' has the widest print circulation of any English-language newspaper in China. The headquarters and principal editorial office is in the Chaoyang District of Beijing. The newspaper has branch offices in most major cities of China as well as several major foreign cities including New York City, Washington, D.C., London, and Kathmandu. The paper is published by satellite offices in the United States, Hong Kong, and Europe. ''China Daily'' also produces an insert of sponsored content called ''China Watch'' that has been distributed inside other newspapers including ''The New York Times, The Wall Street Journal'', ''The Washington Post'', and ''Le Figaro''. Within mainland China, the newspaper targets primarily diplomats, foreign expatriates, tourists, and locals wishing to improve their English. The China edition also o ...
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Sino Satellite Communications
Sino Satellite Communications Co., Ltd. known also as SinoSat is a Chinese company. It provided satellite communications through a pair of communications satellites in geostationary orbit. Their two satellites were, SinoSat 1 and SinoSat 3. A third satellite, SinoSat 2, failed shortly after launch. History Sino Satellite Communications was formed in 1994. It was a subsidiary of China Aerospace Science and Technology Corporation (CASC). In 2007, a new joint venture () was formed with another state-owned company China Satellite Communications, which SinoSat 1 and other assets was injected to the joint venture as share capital. However, in 2009 China Satellite Communications was assigned as a subsidiary of CASC by the State-owned Assets Supervision and Administration Commission of the State Council (excluding some assets that were assigned to China Telecommunications Corporation). Since then, Sino Satellite Communications became a subsidiary of China Satellite Communications, with ...
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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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Aerospace Companies Of China
Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astronautics. Aerospace organizations research, design, manufacture, operate, or maintain both aircraft and spacecraft. The beginning of space and the ending of the air is considered as 100 km (62 mi) above the ground according to the physical explanation that the air pressure is too low for a lifting body to generate meaningful lift force without exceeding orbital velocity. Overview In most industrial countries, the aerospace industry is a cooperation of the public and private sectors. For example, several states have a civilian space program funded by the government, such as National Aeronautics and Space Administration in the United States, European Space Agency in Europe, the Canadian Space Agency in Canada, Indian Space Research ...
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