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Shanghai Construction Group
Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues. The group's listed arm Shanghai Construction Group Co., Ltd. (, ), was ranked at 1,096th on ''Forbes'' Global 2000 List, with a market cap of US$5.5 billion (as of May 2017). The listed company was a constituent of SSE 180 Index and its sub-index SSE MidCap Index. History In the 1990s the company underwent fast-paced growth as the home city of Shanghai was finally allowed to join in the reform and growth sweeping China. The city became a "builder's dream" and SCG benefited from the pent up zeal for projects with revenue climbing up 30% annually. As the hometown builder, SCG is responsible for many of the landmarks of Shanghai including Shanghai Tower. International projects SCG undertakes overseas construction projects and mining in Eritrea. It has an international focused subsidiary, the Shan ... [...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] |