Tangsteel Group
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Tangsteel Group
Tangshan Iron and Steel Group Company Limited, or Tangsteel, founded in 1943 and headquartered in Tangshan, Hebei, is one of the largest steel manufacturing state-owned enterprise in China. Its subsidiary and listed company, Tangshan Iron and Steel Company Limited () was established in 1994 and it was listed on the Shenzhen Stock Exchange in 1997. In 2005 it formed a joint venture Jingtang United Iron and Steel with Shougang Group. Tangsteel Group owned 49%. In 2006, Tangsteel merged with Xuanhua Iron & Steel Group and Chengde Iron and Steel Group to form "New Tangsteel Iron and Steel Group". In 2008, Tangsteel merged with Hansteel Group Handan Iron and Steel Group or Hansteel is a state-owned iron and steel enterprise engaging in the manufacturing, processing, and sale of black metal, billet, steel rolling, carbamide, sintering mineral, metallurgical machinery parts, and coke. ... to form " Hebei Iron and Steel Group", which is the largest steel maker in China and the fifth ...
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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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Listed Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in Over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), 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 Unit ...
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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 Based In Hebei
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, 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 * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, 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 (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ...
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Manufacturing Companies Established In 1943
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 product. T ...
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Hansteel Group
Handan Iron and Steel Group or Hansteel is a state-owned iron and steel enterprise engaging in the manufacturing, processing, and sale of black metal, billet, steel rolling, carbamide, sintering mineral, metallurgical machinery parts, and coke. It was established in 1958 and it is headquartered in Handan, Hebei, China. Its subsidiary company, Handan Iron and Steel Company Limited (), was established in 1996 and was listed on the Shanghai Stock Exchange in 1998. In 2008, Hansteel merged with Tangsteel Group of Tangshan, Hebei Hebei or , (; alternately Hopeh) is a northern province of China. Hebei is China's sixth most populous province, with over 75 million people. Shijiazhuang is the capital city. The province is 96% Han Chinese, 3% Manchu, 0.8% Hui, an ..., to become Hebei Iron and Steel Group, which is the fifth largest steel producer in the world. Their listed subsidiaries were also merged to form Hebei Iron and Steel Company. References External linksHan ...
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Chengde Iron And Steel Group
Chengde, formerly known as Jehol and Rehe, is a prefecture-level city in Hebei province, situated about 225 km northeast of Beijing. It is best known as the site of the Mountain Resort, a vast imperial garden and palace formerly used by the Qing emperors as summer residence. The permanent resident population is approximately 3,473,200 in 2017. History In 1703, Chengde was chosen by the Kangxi Emperor as the location for his summer residence. Constructed throughout the eighteenth century, the Mountain Resort was used by both the Yongzheng and Qianlong emperors. The site is currently an UNESCO World Heritage Site. Since the seat of government followed the emperor, Chengde was a political center of the Chinese empire during these times. The city of Jeholan early romanization of Rehe via the French transcription of the northern suffix ''ér'' as ''eul''reached its height under the Qianlong Emperor 1735-1796 (died 1799). The great Putuo Zongcheng Temple, loosely based on the ...
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Xuanhua Iron & Steel Group
Xuanhua may refer to: *Xuanhua District (宣化区), Zhangjiakou, Hebei, China * Xuanhua, Gansu (宣化镇), town in Gaotai County, Gansu, China * Xuanhua, Henan (宣化镇), town in Dengfeng City, Henan, China *Hsuan Hua Hsuan Hua (; April 16, 1918 – June 7, 1995), also known as An Tzu, Tu Lun and Master Hua by his Western disciples, was a Chinese monk of Chan Buddhism and a contributing figure in bringing Chinese Buddhism to the United States in the lat ...
(1918–1995), or Xuanhua, influential Chan Buddhist monk {{disambig, geo ...
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Shougang Corporation
Shougang Group Co., Ltd., formerly Shougang Corporation is a Chinese state-owned steel company. Based in Beijing, its the Shijingshan district operations were moved out of the city prior to the Olympics due to concerns over pollution. Its subsidiary and listed company, Beijing Shougang Co., Ltd. (), was established in 1999 and listed on the Shenzhen Stock Exchange in 2005. It also has 3 other subsidiaries listed on the Stock Exchange of China Hong Kong, Shougang Concord International (), Shougang Concord Century (), and Shougang Concord Grand () . The word "Shougang" () is an abbreviation of its Chinese name (), meaning "Capital Steel". Some publication also use Capital Iron and Steel Corporation as the transliteration. History The predecessor of Shougang, Shijingshan Steel Plant, was founded in 1919 in Shijingshan District, with accelerated growth since the founding of People's Republic of China in 1949. Shougang focuses its business mainly on steel industry, the corporatio ...
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Jingtang United Iron And Steel
Beijing Shougang Co., Ltd. is a listed Chinese steel manufacturer. It also a subsidiary of Shougang Group. The shares of Beijing Shougang float in the Shenzhen Stock Exchange. Beijing Shougang was a constituent of SZSE 1000 Index (as well as sub-index SZSE 700 Index) but not in SZSE Component Index, making the company was ranked between the 501st to 1,000th by free float adjusted market capitalization. Business overview The company operated Shougang Group's first steel plant in Shijingshan District. The plant closed in 2009. On 23 April 2015 Beijing Shougang Limited acquired 51% stake of "Jingtang United Iron and Steel" from the parent company, a steel plant in Caofeidian District, Tangshan, Hebei Province, for 9.718 billion RMB cash, plus the 100% stake of a division in Guizhou Province. () Jingtang United Iron and Steel Shougang Jingtang United Iron & Steel Co., Ltd. () was a joint venture between Shougang Group (51%) and Tangsteel Group (49%). The steel plant was built on mode ...
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Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Exchange and the Shanghai Stock Exchange. It is situated in the Futian district of Shenzhen. With a market capitalization of its listed companies around US$2.504 trillion in 2019, it is the 7th largest stock exchange in the world, and 4th largest in East Asia and Asia. History On December 1, 1990, Shenzhen Stock Exchange was founded. In January 1992, Deng Xiaoping's Southern Tour saved China's capital market and the two stock exchanges (the other is Shanghai Stock Exchange). In July 1997, the State Council of China decided that the Shenzhen Stock Exchange would be directly managed by the China Securities Regulatory Commission. In May 2004, the SME Board was launched. In October 2009, the ChiNext market () was inaugurated. State-owned c ...
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Hesteel Company
Hesteel Group Company Limited is a Chinese iron and steel manufacturing conglomerate, also known as Hesteel Group or its pinyin shortname Hegang. The company was also known as Hebei Iron and Steel Group Co., Ltd. or HBIS until 2016 (). Hesteel Group is the second-largest steel producer in the world measured by crude steel output (after European-Indian conglomerate ArcelorMittal) in 2015, according to the World Steel Association (Chinese companies data was provided by China Iron and Steel Association). After the announcement of the merger of Baosteel Group and Wuhan Iron and Steel Corporation (WISCO) in September 2016, Baowu Steel Group's pro forma production volume in 2015 would be the second in the world, exceeding Hesteel Group. However, Hesteel Group, Baosteel Group and WISCO all announced the cut in production capacity, in response to the market demand and government policy, thus the final ranking could not be predicted. By net assets, Baosteel Group's subsidiary was already ...
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