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Dongbei Special Steel
Dongbei Special Steel Group Co., Ltd. is a state-owned enterprise based in Dalian, Liaoning Province (the south most city of Northeastern China or ''Dongbei''). It was owned by State-owned Assets Supervision and Administration Commission (SASAC) of the Provincial Government of Liaoning (46.1230%) and Heilongjiang (14.5191%), as well as a subsidiary of Liaoning SASAC (22.6839%) and China Orient Asset Management (16.6740%). The company was formed by the merger of Dalian Special Steel (''aka'' Liaoning Special Steel Group) and Beiman Special Steel Group (''literally'' North Manchuria Special Steel) in 2004. Dongbei Special Steel became the holding company of the two steel maker, plus Fushun Special Steel, a subsidiary of Liaoning Special Steel Group. In 2016 the enterprise defaulted several times. Chairman Yang Hua committed suicide in March 2016, four days before the first default. Subsidiaries * Dalian Special Steel Co., Ltd. (100%) * Beiman Special Steel Co., Ltd. (58.63%) * S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Orient Asset Management
China Orient Asset Management Co., Ltd. is a Chinese state-owned enterprise. The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China. The bank received shares from debt-to-equity swap of non-performing loans. The corporation runs in two major business units since 2006, one for general commercial activities (), one for the management of the shares that converted from non-performing loans (), which was classified as assets under management. In 2016 the corporation was re-incorporated as a "company limited by shares" (): China Orient Asset Management Co., Ltd. () from China Orient Asset Management Corporation (COAMC, ). the National Social Security Fund and the Ministry of Finance were the shareholders. According to the company's news press, as at 30 June 2016 its net assets stood at . The former non-performing assets under management were converted to share capital, raising from to . History Founded as a bad bank of Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beiman Special Steel
Dongbei Special Steel Group Beiman Special Steel Co., Ltd. is a state-owned steel maker based in Qiqihar, Heilongjiang Province. ''Bei-man'' was the acronym of North Manchuria. The company is a subsidiary of Dongbei Special Steel (literally ''East-Northern Special Steel''). History The steel refinery was found in 1952 in Fularji District, Qiqihar. The refinery was the only special steel maker in the First Five-year plan of China (1953–1957), with the aid of Soviet Union. The refinery was completed in 1957. It was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel industry) In 1993, the steel refinery was incorporated as a subsidiary Beiman Special Steel Co., Ltd. and listed in Shanghai Stock Exchange (as ), which Bei Steel Group Co., Ltd. () was the major shareholder for 64.32% stake. In 2001, the assets of the refinery was sold back to the parent company, while the listed company was sold to another state-owned enterprise and renamed to Longjian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dalian
Dalian () is a major sub-provincial port city in Liaoning province, People's Republic of China, and is Liaoning's second largest city (after the provincial capital Shenyang) and the third-most populous city of Northeast China. Located on the southern tip of Liaodong peninsula, it is the southernmost city in both Liaoning and the entire Northeast. Dalian borders the prefectural cities of Yingkou and Anshan to the north and Dandong to the northeast, and also shares maritime boundaries with Qinhuangdao and Huludao across the Liaodong Bay to west and northwest, Yantai and Weihai on the Shandong peninsula across the Bohai Strait to the south, and North Korea across the Korea Bay to the east. As of the 2020 census, its total population was 7,450,785 inhabitants whom 5,106,719 lived in the built-up (or metro) area made of 6 out of 7 urban districts, Pulandian District not being conurbated yet. Today a financial, shipping, and logistics center for East Asia, Dalian has a signific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liaoning
Liaoning () is a coastal province in Northeast China that is the smallest, southernmost, and most populous province in the region. With its capital at Shenyang, it is located on the northern shore of the Yellow Sea, and is the northernmost coastal province of the People's Republic of China. Historically a gateway between China proper and Manchuria, the modern Liaoning province was established in 1907 as Fengtian or Fengtien province and was renamed Liaoning in 1929. It was also known at that time as Mukden Province for the Manchu name of ''Shengjing'', the former name of Shenyang. Under the Japanese-puppet Manchukuo regime, the province reverted to its 1907 name, but the name Liaoning was restored for a brief time in 1945 and then again in 1954. Liaoning borders the Yellow Sea ( Korea Bay) and Bohai Sea in the south, North Korea's North Pyongan and Chagang provinces in the southeast, Jilin to the northeast, Hebei to the southwest, and Inner Mongolia to the northwest. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northeastern China
Northeast China or Northeastern China () is a geographical region of China, which is often referred to as "Manchuria" or "Inner Manchuria" by surrounding countries and the West. It usually corresponds specifically to the three provinces east of the Greater Khingan Range, namely Liaoning, Jilin, and Heilongjiang, but historically is meant to also encompass the four easternmost prefectures of Inner Mongolia west of the Greater Khingan. The heartland of the region is the Northeast China Plain, the largest plain in China, with an area over . It is separated from Russian Far East to the north by the Amur, Argun, and Ussuri rivers; from Korea to the south by the Yalu and Tumen Rivers; and from Inner Mongolia to the west by the Greater Khingan and parts of the Xiliao River. Due to the shrinking of its once-powerful industrial sector and decline of its economic growth and population, the region is often referred to as China's Rust Belt. As a result, a campaign named Northeast Area Revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heilongjiang
Heilongjiang () formerly romanized as Heilungkiang, is a province in northeast China. The standard one-character abbreviation for the province is (). It was formerly romanized as "Heilungkiang". It is the northernmost and easternmost province of the country and contains China's northernmost point (in Mohe City along the Amur) and easternmost point (at the junction of the Amur and Ussuri rivers). The province is bordered by Jilin to the south and Inner Mongolia to the west. It also shares a border with Russia (Amur Oblast, Jewish Autonomous Oblast, Khabarovsk Krai, Primorsky Krai and Zabaykalsky Krai) to the north and east. The capital and the largest city of the province is Harbin. Among Chinese provincial-level administrative divisions, Heilongjiang is the sixth-largest by total area, the 15th-most populous, and the second-poorest by GDP per capita. The province takes its name from the Amur River (see the etymology section below for details) which marks the border bet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fushun Special Steel
Fushun Special Steel Co., Ltd. (FSSS) is a Chinese steel maker based in Fushun, Liaoning Province. State enterprise Dongbei Special Steel was the largest shareholder of the company. The rest of the shares float in Shanghai Stock Exchange. According to the officials of the company, the steel maker supplied steel to the manufacturing of aircraft carrier of China. History The steel refinery was found in 1937 by Japanese South Manchuria Railway Company in the occupied zone of wartime China. The steel refinery was belong to State-owned Assets Supervision and Administration Commission (SASAC) of the Government of Fushun City, as Fushun Special Steel (Group) Co., Ltd. (). It was one of the 512 important state-owned enterprises in 1997. (1 of 47 iron and steel industry) In 1999 the assets of the refinery was re-incorporated as Fushun Special Steel Co., Ltd.. In the next year the shares of the company were float in Shanghai Stock Exchange. Fushun Special Steel (Group) remained as the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South China Morning Post
The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained Hong Kong's newspaper of record since British colonial rule. Editor-in-chief Tammy Tam succeeded Wang Xiangwei in 2016. The ''SCMP'' prints paper editions in Hong Kong and operates an online news website. The newspaper's circulation has been relatively stable for years—the average daily circulation stood at 100,000 in 2016. In a 2019 survey by the Chinese University of Hong Kong, the ''SCMP'' was regarded relatively as the most credible paid newspaper in Hong Kong. The ''SCMP'' was owned by Rupert Murdoch's News Corporation from 1986 until it was acquired by Malaysian real estate tycoon Robert Kuok in 1993. On 5 April 2016, Alibaba Group acquired the media properties of the SCMP Group, including the ''SCMP''. In January 2017, former D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fushun
Fushun (, formerly romanised as ''Fouchouen'', using French spelling, also as Fuxi ()) is a prefecture level city in Liaoning province, China, about east of Shenyang, with a total area of , of which is the city proper. Situated on the Hun River ("muddy river"), it is one of the industrial and economic development hubs in Liaoning. History The Ming dynasty first constructed Fushun walled city in 1384 after the division of the Yuan dynasty. "Fushun" is an abbreviation of the Chinese saying "", which literally means "to pacify the frontiers; to guide the Yi foreigners". The Jurchen (Manchu) leader Nurhaci married his granddaughter by his son Abatai to the Ming dynasty General Li Yongfang after Li surrendered Fushun in 1618 and defected to the Qing. One of Li Yongfang's descendants was sentenced to death by the Qianlong emperor, but his life was spared when he helped suppress the Lin Shuangwen rebellion. Fushun was in ruins in the one-and-a-half centuries of early Qing dynas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai Stock Exchange
The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's 3rd largest stock market by market capitalization at US$7.62 trillion . It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government, due to capital account controls exercised by the Chinese mainland authorities. In 1891, Shanghai founded China's first exchange system. The current stock exchange was re-established on November 26, 1990, and was in operation on December 19 of the same year. It is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC). History The formation of the Interna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
