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Potevio
Potevio Group Corporation is a Chinese telecommunications hardware manufacturing company. It was one of the 102 state-owned enterprises that is supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Potevio Group Corporation is the parent company of Potevio Co., Ltd.. In 2021, it was reported that Potevio had been absorbed into China Electronics Technology Group (CETC). Subsidiaries Potevio Group is the parent company of 5 listed companies: Shanghai Potevio (SSE:600680), Eastern Communications (SSE:600776), Nanjing Putian Telecommunications (SZSE:200468), Chengdu Putian Telecommunication Cables (HKEX:1202) and Eastcompeace Technology (SZSE:002017). Controversies As of 2015, Potevio Group's subsidiary Potevio Co., Ltd. owned 39.04% stake of Puhua Investment as the largest shareholder. Puhua Investment was infamously linked to Xiao Jianhua as part of his business empire, Tomorrow ''series of companies'' (), who brought the Paci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puhua Investment
Puhua Investment Co., Ltd. is a Chinese company based in Tai'an, Shandong Province. As at 31 December 2015, state-owned enterprise Potevio owned 39.04% stake as the largest shareholder.National Credit Information Publicity System (in Chinese) History Puhua Investment was founded in 2002 as Tai'an Taishan Investment Holding ().Not to be confused with Taian Taishan Investment () In 2004 the company was the joint-largest shareholder of the for 22.56%. In June 2006 it w ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Electronics Technology Group
China Electronics Technology Group Corporation (CETC; zh, s=中国电子科技集团公司, p=zhongguo dianzi keji jituan gongsi, labels=no) is a Chinese state-owned company established in 2002. Its fields include communications equipment, computers, electronic equipment, IT infrastructure, networks, software development, research services, investment and asset management for civilian and military applications. It was founded with the stated goal of leveraging civilian electronics for the benefit of the People's Liberation Army. In 2021, CETC became the third largest electronics and IT company in China after absorbing Potevio, with a combined revenue of $53 billion in 2019, behind only Huawei and Lenovo. The company also handles electronic parts and systems for radars, missiles, key components for satellites in the BeiDou network, semiconductors, antennas for wireless infrastructure as well as equipment for autonomous-driving technology. History China Electronics Technology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...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] |
Shanghai Potevio
Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowing through it. With a population of 24.89 million as of 2021, Shanghai is the List of cities in China by population and built-up area, most populous urban area in China with 39,300,000 inhabitants living in the Shanghai metropolitan area, the List of largest cities, second most populous city proper in the world (after Chongqing) and the only List of cities by GDP, city in East Asia with a GDP greater than its corresponding capital. Shanghai ranks List of administrative divisions of Greater China by Human Development Index, second among the administrative divisions of Mainland China in Human Development Index, human development index (after Beijing). As of 2018, the Greater ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Communications
Eastern Telecommunications Philippines, Inc. (ETPI), doing business as Eastern Communications, is a telecommunications company in the Philippines owned by Vega Telecom. Founded in 1878 during the final years of the Spanish colonial era, it was the first company to provide telegraphic services. At present, Eastern Communications offers a wide range of connectivity and ICT solutions in Metro Manila, Luzon, Visayas, and Mindanao. As one of the premier Philippine telecommunications companies, Eastern Communications has evolved into a world-class telecommunications and ICT solutions company providing an extensive portfolio of services that include Connectivity Solutions, Network Solutions, Security Solutions, Cloud and Data Center Solutions, and Business Applications. As an internationally acclaimed, multi-awarded company, it continues to champion solutions for both the biggest industry players and emerging businesses in the country through its unique brand of "High Tech" and its "High ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nanjing Putian Telecommunications
Nanjing (; , Mandarin pronunciation: ), alternately romanized as Nanking, is the capital of Jiangsu province of the People's Republic of China. It is a sub-provincial city, a megacity, and the second largest city in the East China region. The city has 11 districts, an administrative area of , and a total recorded population of 9,314,685 . Situated in the Yangtze River Delta region, Nanjing has a prominent place in Chinese history and culture, having served as the capital of various Chinese dynasties, kingdoms and republican governments dating from the 3rd century to 1949, and has thus long been a major center of culture, education, research, politics, economy, transport networks and tourism, being the home to one of the world's largest inland ports. The city is also one of the fifteen sub-provincial cities in the People's Republic of China's administrative structure, enjoying jurisdictional and economic autonomy only slightly less than that of a province. Nanjing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chengdu Putian Telecommunication Cables
Chengdu (, ; Simplified Chinese characters, simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese dialects, Sichuanese pronunciation: , Standard Chinese pronunciation: ), Chinese postal romanization, alternatively Romanization of Chinese, romanized as Chengtu, is a Sub-provincial division, sub-provincial city which serves as the Capital city, capital of the Chinese province of Sichuan. With a population of 20,937,757 inhabitants during the 2020 Chinese census, it is the fourth most populous city in China, and it is the only city apart from the four Direct-administered municipalities of China, direct-administered municipalities with a population of over 20 million (the other three are Chongqing, Shanghai and Beijing). It is traditionally the hub in Southwest China. Chengdu is located in central Sichuan. The surrounding Chengdu Plain is known as the "Country of Heaven" () and the "Land of Abundance". Its prehistoric settlers included the Sanxingdui culture. The site of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xiao Jianhua
Xiao Jianhua (, born 13 January 1972) is a Chinese-Canadian businessman and billionaire known for managing assets for descendants of prominent Chinese leaders. He was reported to have been abducted from Hong Kong to Mainland China in 2017. His reported trial was denied to Canadian diplomats by China. Early life Xiao was born in 1972 to a schoolteacher from Feicheng, Shandong, China. He was one of six children. Xiao attended Peking University at age 14 on a scholarship, and he was a member of the Communist Party of China on campus. He was opposed to the Tiananmen Square protests of 1989. He received a law degree from Peking University. =Career= Xiao began his career in business by selling IBM and Dell computers near the Peking University campus in the 1990s. He also worked with Microsoft. Within a few years, he was worth an estimated $150 million. Xiao is the owner of Tomorrow Holding (trading as Tomorrow Group), a diversified investment company involved with banking, insuran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pacific Securities
The Pacific Securities Co., Ltd. is a Chinese investment bank and brokerage firm. The company is listed on the Shanghai Stock Exchange. As on 28 November 2016, The Pacific Securities is a constituent of CSI 300 Index (and mid-cap sub-index CSI 200 Index) and SSE 180 Index. The company controls a SPAC listed on NASDAQ. The company also owns 39% stake in Lao-China Securities, a company based in Vientiane, capital and largest city of Laos. History The Pacific Securities was founded in 2004 and received the clients of bankrupted Yunnan Securities. In April 2007 it was converted to company limited by shares, with a nominal value of each. It was reported that Xiao Jianhua was behind the operation on listing the company to Shanghai Stock Exchange in 2007. Irregularity was founded after, by-then vice-governor of China Development Bank, Wang Yi () was arrested. Wang was the vice-chairman of China Securities Regulatory Commission (CSRC) until 1999. In December 2007, the largest ... [...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] |
