Fushun Special Steel
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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 ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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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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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 ...
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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 ...
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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 ...
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South Manchuria Railway Company
The South Manchuria Railway ( ja, 南満州鉄道, translit=Minamimanshū Tetsudō; ), officially , Mantetsu ( ja, 満鉄, translit=Mantetsu) or Mantie () for short, was a large of the Empire of Japan whose primary function was the operation of railways on the Dalian–Shenyang, Fengtian (Mukden)–Changchun (called Changchun, Xinjing from 1931 to 1945) corridor in northeastern China, as well as on several branch lines. In 1905, after Russia's defeat in the Russo-Japanese War, this area was taken over by Japan as the South Manchuria Railway Zone. Mantetsu was established in 1906 to operate the railways taken over from the Russians. Subsequently, Mantetsu expanded by building new lines for itself and for Chinese-owned undertakings, and after the establishment of the puppet state of Manchukuo in 1932, it was also entrusted with the management of the Manchukuo National Railway. Between 1917 and 1925, Mantetsu was also responsible for the management of the Chosen Government Rai ...
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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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Fushun Mining Group
Fushun Mining Group (, FMG) is a large state-owned coal and oil shale company located in Fushun, Liaoning Province, China. The corporation consists of about 30 companies with about 28,000 employees. The main business includes coal mining and oil shale processing. According to figures released by FMG, this company is one of the world's largest shale oil producers. History With the Japanese victory over Imperial Russia and signing of the Treaty of Portsmouth, the South Manchuria branch (from Changchun to Lüshun) of the China Far East Railway was transferred to Japanese control. South Manchuria Railway Company quickly expanded the system inherited from Russia to staggering proportions, one of their actions were developing coal mines at Fushun. Under the control of Japanese, Fushun area became a highly industrialized area via 30 years development. After World War II, Fushun Coal Mine of the South Manchuria Railway Company was taken over by the Kuomintang and F ...
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Steel Companies Of China
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of carbon, other ...
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Manufacturing Companies Established In 1937
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final ...
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Companies Owned By The Provincial Government Of China
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Companies Listed On The Shanghai Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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