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Taian Bank
Bank of Taian Co., Ltd. trading as Taian Bank is a Chinese urban commercial bank based in Tai'an, Shandong Province. The bank was formerly known as Taian City Commercial Bank. It was reported that the bank was linked to Tai'an-born Xiao Jianhua's Tomorrow Group, which ''"New Fortune"'' accused that Xiao owned some of the private investors of the bank by proxy person. Those accused companies, did pledged the shares to private equity funds of New Times Securities (another firm that was accused as a member of Tomorrow Group). However, also pledged the shares to state-owned China Fortune Trust (and its private equity funds). Tai'an Municipal People's Government owned 34.56% shares as the largest (known) shareholder consortium. History The predecessor of the bank was founded in 1986. On 16 August 2007 it became Taian City Commercial Bank and on 12 November 2015 became Taian Bank. Shareholders Tai'an Finance Bureau-owned Taian Taishan Investment and its subsidiaries owned 30. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shandong Xinchazhuang Mining
Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region. Shandong has played a major role in Chinese history since the beginning of Chinese civilization along the lower reaches of the Yellow River. It has served as a pivotal cultural and religious center for Taoism, Chinese Buddhism and Confucianism. Shandong's Mount Tai is the most revered mountain of Taoism and a site with one of the longest histories of continuous religious worship in the world. The Buddhist temples in the mountains to the south of the provincial capital of Jinan were once among the foremost Buddhist sites in China. The city of Qufu is the birthplace of Confucius and was later established as the center of Confucianism. Confucianism developed from what was later called the Hundred Schools of Thought from the teachings of the Chinese philosopher Confucius. Shandong's location at the intersection of ancient ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Shandong
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 "arti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of China
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bohai International Trust
Bohai International Trust Co., Ltd. (BITC) known as just Bohai Trust, is a Chinese investment management company based in Shijiazhuang, Hebei Province. The company has licensed to create trust (as private equity fund). The company is a subsidiary of HNA Group for 51.23% shares (via HNA Capital), plus additional 22.10% shares via China Xinhua Airlines, a subsidiary (83.39%) of Hainan Airlines. Hainan Airlines, a listed company, is partially owned by HNA Group. The remain 26.67% shares of the trust company were owned by another subsidiary of HNA Group (), which the group owned 72.98% stake of that subsidiary directly and indirectly (via ). History The predecessor of the trust company was founded in December 1983 as Hebei International Trust Investment Corporation (). In 2004 the company was re-registered as Hebei International Trust & Investment Co., Ltd. (), which Hebei Provincial State-owned Assets Supervision and Administration Commission was the largest shareholder for 95.24% s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
China Fortune International Trust
China Fortune International Trust Co., Ltd. known as China Fortune Trust is a Chinese investment management company which license to create private equity fund (as trust). The company is a wholly owned subsidiary of state-owned China Huadian Corporation. History China Fortune International Trust Co., Ltd. was re-registered on 24 December 2008, after Huadian acquired the license from dormant company Foshan International Trust Investment Co., Ltd.. The company was also relocated from Foshan to Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 .... Private equity funds * Xinbao N°47 Trust: 99.67% stake of Taishan Huacheng Technology (a shareholder of Puhua Investment and Taian Bank) as pledge, borrowed to Jiexintai. References External links * {{authority control ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Share Premium
Capital surplus, also called share premium, is an account which may appear on a corporation's balance sheet, as a component of shareholders' equity, which represents the amount the corporation raises on the issue of shares in excess of their par value (nominal value) of the shares (common stock). This is called Additional paid in capital in US GAAP terminology but, additional paid in capital is not limited to share premium. It is a very broad concept and includes tax related and conversion related adjustments. Taken together, common stock (and sometimes preferred stock) issued and paid (plus capital surplus) represent the total amount actually paid by investors for shares when issued (assuming no subsequent adjustments or changes). Shares for which there is no par value will generally not have any form of capital surplus on the balance sheet; all funds from issuing shares will be credited to common stock issued. Some other scenarios for triggering a capital surplus include when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tai'an
Tai'an () is a prefecture-level city in Western Shandong Province of the People's Republic of China. Centered on Mount Tai, the city borders the provincial capital of Jinan to the north, Zibo to the east, Linyi to the southeast, Liaocheng to the extreme west and Jining to the south. To the west, Tai'an is separated from the province of Henan by the Yellow River. Its population was 5,494,207 as of the 2010 census, of whom 1,735,425 lived in the built-up (''or metro'') area made of two urban districts ('' Taishan District and Daiyue District''). Administration The prefecture-level city of Tai'an administers six county-level divisions, including two districts, two county-level cities and two counties. * Taishan District () * Daiyue District () *Xintai City () *Feicheng City () *Ningyang County () *Dongping County () History Etymology Tai'an is named after Mount Tai. In Chinese, Tai () means "significant". Thus, the name Tai'an is derived from the ancient saying: "If Mount ... [...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] |
Taian Taishan Investment
Taian Taishan Investment Co., Ltd. is a Chinese sovereign wealth fund of Tai'an, Shandong Province. The sole shareholder of the company was Tai'an Finance Bureau (since 2014, in the past Tai'an's State-owned Assets Supervision and Administration Commission). Despite not listed, the company issued bonds to finance in 2011 and again in 2013 for a total of . Subsidiaries * Taian Fund Investment & Guaranty (100%) Equity investments * Taian Bank (30.01% combined) * Bank of Communications (0.03%) * China National Materials (8.67%) Former portfolio * 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. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
