This is a list of state-owned enterprises of China. A

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 (econom ...

is a legal entity that undertakes

commercial Commercial may refer to: * a dose of advertising conveyed through media (such as - for example - radio or television) ** Radio advertisement ** Television advertisement * (adjective for:) commerce, a system of voluntary exchange of products and s ...

activities on behalf of an owner

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

. Their legal status varies from being a part of government to stock companies with a state as a regular or dominant

stockholder A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner ...

. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms are often used interchangeably. The defining characteristics are that they have a distinct legal shape and they are established to operate in commercial affairs. While they may also have public policy objectives, SOEs should be differentiated from other forms of government agencies or state entities that are established to pursue purely non-financial objectives. The role of the

Chinese Communist Party The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and One-party state, sole ruling party of the China, People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victoriou ...

(CCP) in SOEs has varied at different periods but has increased during the

rule Rule or ruling may refer to: Education * Royal University of Law and Economics (RULE), a university in Cambodia Human activity * The exercise of political or personal control by someone with authority or power * Business rule, a rule perta ...

CCP General Secretary The general secretary of the Chinese Communist Party () is the Party leader, head of the Chinese Communist Party (CCP), the One-party state, sole ruling party of the China, People's Republic of China (PRC). Since 1989, the CCP general secr ...

Xi Jinping Xi Jinping ( ; ; ; born 15 June 1953) is a Chinese politician who has served as the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus as the paramount leader of China, s ...

, with the Party formally taking a commanding role in all SOEs as of 2020. For example,

Lai Xiaomin Lai Xiaomin (; 21 July 1962 – 29 January 2021) was a Chinese business executive and senior economist who served as party secretary and chairman of the board of China Huarong Asset Management from September 2012 to April 2018. He was sacked fo ...

, the former president of

China Huarong Asset Management China Huarong Asset Management Co., Ltd. known as just China Huarong () is a majority state-owned financial asset management company in China, with a focus on distressed debt management. It was one of the four asset management companies that the ...

, which is a famous state-owned enterprise, announced in 2015 that during the operation of China Huarong Asset Management, the

Committee A committee or commission is a body of one or more persons subordinate to a deliberative assembly. A committee is not itself considered to be a form of assembly. Usually, the assembly sends matters into a committee as a way to explore them more ...

of China Communist Party will play a central role, and party members will play an exemplary role. State-owned enterprises accounted for over 60% of China's market capitalization in 2019 and generated 40% of China's GDP of US$15.97trillion (101.36 trillion yuan) in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%. As of the end of 2019, China's SOEs represented 4.5% of the global economy and the total assets of all China's SOEs, including those operating in the financial sector, reached US$78.08trillion. Ninety-one (91) of these SOEs belong to the 2020 Fortune Global 500 companies.

State Council (Central Government)

China Investment Corporation China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. C ...

Central Huijin Investment Central Huijin Investment Co., Ltd. is a Chinese investment company owned by the Central People's Government, government of the People's Republic of China. Established in 2003, it became a wholly owned subsidiary of China Investment Corporation, w ...

China Jianyin Investment China Jianyin Investment Co., Ltd. (JIC) is a Chinese investment company owned by the government of the People's Republic of China. Founded in 2004, it is a wholly owned subsidiary of Central Huijin Investment and is an integrated investment group ...

China Everbright Group China Everbright Group is a Chinese state-owned enterprise. Everbright Group was a subsidiary (55.67 percent) of Central Huijin Investment. The Ministry of Finance of China owned the rest of the stake, which Central Huijin acquired on 8 December 2 ...

SASAC of the State Council

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 companies down from over 150 in 2008.

Ministry of Finance

Ministry of Education

Peking University Peking University (PKU; ) is a public research university in Beijing, China. The university is funded by the Ministry of Education. Peking University was established as the Imperial University of Peking in 1898 when it received its royal charter ...

Founder Group Founder Group () is a major Chinese technology conglomerate that deals with information technology, pharmaceuticals, real estate, finance, and commodities trading. It is divided into five major industry groups, each covering a separate industr ...

(70%) *** Peking University Resources Group (30% by Founder Group, 40% by Peking University directly) ****

Peking University Resources (Holdings) Peking University Resources (Holdings) Co., Ltd. known also as PKU Resources is a Chinese listed company. The company was incorporated in Bermuda and listed in the Hong Kong Stock Exchange. The company is an indirect non-wholly-owned subsidiary ...

(65.96% collectively by Founder Group and PKU Resources Group) ***

Founder Technology Founder Technology Group Corporation (), a subsidiary of Founder Group from Peking University, is an information technology state-owned enterprise in Shanghai, China. It is engaged in the development of personal computers and computer periphe ...

***

Founder Holdings Founder or Founders may refer to: Places *Founders Park, a stadium in South Carolina, formerly known as Carolina Stadium * Founders Park, a waterside park in Islamorada, Florida Arts, entertainment, and media * Founders (''Star Trek''), the ali ...

** Jade Bird Software (48%) ***

Beida Jade Bird Universal Sci-Tech Beijing Beida Jade Bird Universal Sci-Tech Co., Ltd. known as Jade Bird Universal is a Chinese listed company. It manufactured electronic fire equipment, as well involved in tourism industry and other equity investments. The largest shareholder of ...

(24.05% collectively) **

Sinobioway Group Sinobioway Group Co., Ltd. was one of the university-owned enterprises of Peking University (the other were Founder Group, Jade Bird Software and Peking University Science Park). The company currently majority (60%) owned by a Peking Universit ...

(40% as minority shareholder)

Regional Governments

Anhui Province

Anhui Conch Cement Anhui Conch Cement Co., Ltd. known also as Anhui Conch or Conch Cement, is the largest cement manufacturer or seller in the mainland China, headquartered in Anhui Province Anhui , (; formerly romanized as Anhwei) is a landlocked province of th ...

Masteel Group Magang (Group) Holding Co., Ltd., or known as Masteel Group, is one of the major Chinese iron and steel enterprises. Since 2019, it is a joint venture of central government owned China Baowu Steel Group and Anhui Provincial People's Government's S ...

(49%)

Beijing Municipality

* Beijing Guoxiang Asset Management ** UBS Securities (33%) *

Beijing State-owned Capital Operation and Management Center } Beijing ( ; ; ), Chinese postal romanization, alternatively romanized as Peking ( ), is the Capital city, capital of the China, People's Republic of China. It is the center of power and development of the country. Beijing is the world's Li ...

Shougang 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 subs ...

***

Shougang Company 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 s ...

***

Shougang Concord International Shoucheng Holdings Limited () is the subsidiary of Beijing-based state-owned Shougang Group engaging in seven businesses: steel manufacturing, steel trading, shipping segment, electric generation, property investment and management and other c ...

CSC Financial CSC Financial Co., Ltd. trading as China Securities, is a Chinese investment bank and brokerage firm established by CITIC Securities and China Jianyin Investment in 2005 in a 60–40 ratio, as a successor of bankrupted China Securities Co., Ltd. ...

(37.46%)

Chongqing Municipality

Chongqing Iron and Steel Company Chongqing Iron and Steel Company Limited (,), or CISC is an iron and steel manufacturing state-owned enterprise in Chongqing, China. Formerly "Hanyang Iron Plant" in Wuhan, it was established in 1890 during Qing Dynasty by Zhang Zhidong, the G ...

Gansu Province

* Gansu SASAC **

Baiyin Nonferrous Baiyin Nonferrous Group Co., Ltd. known also as BNMCAcronym of Baiyin Nonferrous Metal Corporation is a Chinese company based in Baiyin, Gansu Province, China. The company was the main copper supplier in China. Since 15 February 2017, Baiyin Nonf ...

(36.16%)

Guangdong Province

* Guangdong Rising Asset Management **

Zhongjin Lingnan Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. known as Zhongjin Lingnan in China or their English name Nonfemet (abbreviation of non-ferrous metal), is a Chinese company engaged in the mining and processing of lead, zinc and other non-ferrous meta ...

(36.04%) **

Rising Nonferrous Metals Share Rising may refer to: * Rising, a stage in baking - see Proofing (baking technique) *Elevation * Short for Uprising, a rebellion Film and TV * Rising (Stargate Atlantis), "Rising" (''Stargate Atlantis''), the series premiere of the science fiction ...

Guangdong Hengjian Investment Holding Guangdong Hengjian Investment Holding Co., Ltd. known as Hengjian Holding is one of the holding companies of Guangdong Provincial People's Government. The company acts as one of the investment vehicles of the provincial government in railways of ...

(100%) ** Shaoguan Iron and Steel Group (49%) *

Guangdong Provincial Communication Group Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) a ...

Guangdong Provincial Railway Construction Investment Group Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) ...

Guangdong Holdings Guangdong Holdings Limited is a Chinese holding company. Guangdong Holdings is the parent company of Hong Kong incorporated GDH Limited (), in turn it was the parent company of listed companies Guangdong Investment (), Guangnan Holdings (), Guan ...

Guangdong Investment Guangdong Investment Limited is a Chinese company incorporated in Hong Kong. It is engaged in the businesses of property, infrastructure, energy, water supply to Hong Kong, Shenzhen and Dongguan, hotel management and department store operations.< ...

(54.68%) *

TCL Corporation TCL Technology (originally an abbreviation for Telephone Communication Limited) is a Chinese electronics company headquartered in Huizhou, Guangdong Province. It designs, develops, manufactures, and sells consumer products including televisi ...

(36%) ** Tonly Electronics Holdings Limited (48.70%)

Zhuhai City

Gree Group Zhuhai Gree Group Co., Ltd. is a Chinese state-owned enterprise based in Zhuhai, Guangdong Province. The enterprise was owned and supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of . Gree Group was the paren ...

(100%) **

Gree Electric Gree Electric Appliances Inc. of Zhuhai is a Chinese major appliance manufacturer headquartered in Zhuhai, Guangdong province. It is the world's largest residential air-conditioner manufacturer.Businessweek.com." ''Guangdong Visions: Forging Ch ...

(sold in 2019) *

Gree Real Estate GREE (derived from an abbreviation of the "Six degrees of separation" concept) is a Japanese social networking service founded by Yoshikazu Tanaka and operated by GREE, Inc. GREE focuses primarily on mobile games and over ninety percent of its ...

Guangxi Zhuang Autonomous Region

* Guangxi Non-ferrous Metals

Guizhou Province

Kweichow Moutai Group Guizhou (; formerly Kweichow) is a landlocked province in the southwest region of the People's Republic of China. Its capital and largest city is Guiyang, in the center of the province. Guizhou borders the autonomous region of Guangxi to the ...

Kweichow Moutai Kweichow Moutai Co., Ltd. is a partial publicly traded, partial state-owned enterprise in China, specializing in the production and sales of the spirit Maotai baijiu, together with the production and sale of beverage, food and packaging materi ...

Hebei Province

Hesteel Group 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 Gr ...

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 Gr ...

Hansteel 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 ...

Tangsteel 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 St ...

Heilongjiang Province

* Beiman Special Steel (41.37%)

Hubei Province

Wuhan City

* Wuhan Financial Holdings Group (100%) ** Founder BEA Trust (67.51%)

Liaoning Province

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) ...

** Beiman Special Steel

Shanghai Municipality

Shanghai Data Exchange The Shanghai Data Exchange (SDE; ) is a data exchange centre based in the city of Shanghai, China. It is situated in the Jing'an district of Shanghai. History 2016 Shanghai Data Exchange is approved by the Shanghai Municipal People's Govern ...

Shanghai Jiushi Group Shanghai Jiushi (Group) Co., Ltd. is a Chinese state-owned enterprise. It was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of . Jiushi is the parent of several public transport companies of Shanghai, inc ...

Shanghai Municipal Investment Group Shanghai Municipal Investment (Group) Corporation also known as Shanghai Chengtou () or SMI is a Chinese sovereign wealth fund of the Shanghai Municipal People's Government. It is one of the major shareholders of Greenland Holdings (for 20.55% s ...

Shanghai International Port Group Shanghai International Port (Group) Co., Ltd. (SIPG) is the exclusive operator of all the public terminals in the Port of Shanghai. It is a component of SSE 180 Index as well as CSI 300 Index and sub-index CSI 100 Index. Its headquarters are ...

Shandong Province

Shandong Gaosu Group Shandong Hi-Speed Group Corporation or Shandong Gaosu Group ( Chinese: 山东高速集团有限公司), (SDHS), is a solely state-owned enterprise in Jinan, China, owned by the Shandong Provincial People's Government. It is mainly engaged in inves ...

Shandong Energy Group Shandong Energy Group Co. Ltd. () is a state owned coal-mining company headquartered in Jinan, Shandong, China. It is among the seven largest Chinese coal companies. The group was created in March 2011 by merging six existing coal mining companie ...

Linfen City

* Linfen Investment Group (100%)

Yantai City

* Yantai Guofeng (100%) ** Wanhua Industrial Group (39.497%) **

Wanhua Chemical Group Wanhua Chemical Group Co., Ltd. known as Wanhua Chemical and formerly Yantai Wanhua Polyurethane or Yantai Wanhua Polyurethanes or Yantai Wanhua, is a Chinese listed company in chemical industry. History The listed company was incorporated in 1 ...

(21.56%)

Shanxi Province

Datong Coal Mining Group The Datong Coal Mining Group () is a third-largest state-owned coal mining enterprise in China, after Shenhua Group and China Coal Group. It is located at Datong City, the second largest city in Shanxi Province which has the greatest coal de ...

Datong Coal Industry Datong Coal Industry Co,. Ltd., established in 2001 and parented by Datong Coal Mining Group. It is engaged in excavating, processing and sales of coal. Its headquarters is in Datong City, the second largest city in Shanxi Province which has ...

Jincheng Anthracite Mining Group Jinneng Holding Equipment Manufacturing Group Company Limited, formerly name Shanxi Jincheng Anthracite Mining Group Co., Ltd. (JAMG) is a Chinese state-owned coal mining conglomerate based in Jincheng, Shanxi. It was owned by the State-owned Ass ...

Shanxi Coking Coal Group Shanxi Coking Coal Group Co., Ltd. is a Chinese state-owned coal mining conglomerate and a holding company, as one of the seven coal conglomerates that had a production capability of over 100 million metric tons in China in 2011. Shanxi Coking ...

Shanxi Coking Company Shanxi Coking Co., Ltd. (SCC) is a publicly traded coke manufacturing conglomerate in China. The company was listed on Shanghai Stock Exchange. In 2015 Shanxi Coking had sold 3.25 million tons of coke, 233.9 thousand tons of methanol, 62.4 t ...

Xishan Coal Electricity Group Xishan Coal Electricity (Group) Co., Ltd. is a subsidiary of state-owned coal and coke conglomerate Shanxi Coking Coal Group (for 52.34% stake). The subsidiary is based in Taiyuan, Shanxi. The company was the parent company of listed company Xis ...

Xishan Coal and Electricity Power Shanxi Xishan Coal and Electricity Power Co., Ltd. was established in 1999 and listed on the Shenzhen Stock Exchange in 2000. It has 9 coal mines, 8 coal plants and 13 holding companies. Xishan Coal Electricity Group was the parent company of Xi ...

Taiyuan Coal Gasification Group Taiyuan Coal Gasification (Group) Co., Ltd. is a Chinese state-owned coal mining conglomerate based in Taiyuan, Shanxi. The company was owned by State-owned Assets Supervision and Administration Commission (SASAC) of . However, Shanxi SASAC g ...

(51%)

Tianjin Municipality

TEDA Holding Teda or TEDA may refer to: *Teda people, Toubou ethnic group that lives mostly in Chad *Teda language, or Tedaga language, spoken by Teda people *Tianjin Economic-Technological Development Area, abbreviated as TEDA, free market zone in Tianjin, Chi ...

** Tianjin Pipe ** Tianjin TEDA F.C. ** Tianjin TEDA Co.

Xinjiang Uyghur Autonomous Region

* Xinjiang Investment Development Group (100%) ** Xinjiang Ba Yi Iron and Steel Group (15%)

Zhejiang Province

Ningbo City

Bank of Ningbo Bank of Ningbo Co., Ltd. is a Chinese city-based commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can a ...

(21.38%)

Hong Kong S.A.R.

Hong Kong Link Hong Kong Link 2004 Limited () is a company (law), company wholly owned by the Government of Hong Kong created to securitise revenue from five government-owned toll tunnels and the Lantau Link. The HK$6 billion securitisation was launched in ...

(100%) *

MTR Corporation MTR Corporation Limited is a majority government-owned public transport operator and property developer in Hong Kong which operates the Mass Transit Railway, the most popular public transport network in Hong Kong. It is listed on the Hong ...

(around 75% shares) *

Kowloon–Canton Railway Corporation The Kowloon-Canton Railway Corporation (KCRC; ) is a Hong Kong wholly government-owned railway and land asset manager. It was established in 1982 under the Kowloon-Canton Railway Corporation Ordinance for the purposes of operating the Kowloon– ...

(100%)

References

{{State-owned enterprises by country, Asia Lists of companies of China

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...