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COSCO International
COSCO Shipping International (Hong Kong) Co., Ltd., stylized as COSCO SHIPPING International, and formerly COSCO International Holdings Limited, is a Hong Kong listed company and an indirect subsidiary of COSCO Shipping. It engages in ship trading and supplying services. It is headquartered in Hong Kong and it is listed in the Stock Exchange of Hong Kong (SEHK) since 1992. COSCO Shipping International (Hong Kong) is incorporated in Bermuda, as an offshore company. It is a red chip company. History The company became a listed company since 1992. The company was known as Shun Shing Holdings and then COSCO International and currently COSCO Shipping International (Hong Kong). Shun Shing Holdings Shun Shing Holdings is a company incorporated on 9 September 1991 in Bermuda and registered as a "foreign company" in Hong Kong in 1992. On 11 February 1992, Shun Shing Holdings became a listed company. It is a parent company of a Hong Kong-based main contractor, Shun Shing Construction & Eng ...
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Listed Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( 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 so 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 United Kingdom, it is usually a public limited company (PLC). In Fran ...
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Hong Kong Housing Authority
The Hong Kong Housing Authority (HA) is the main provider of public housing in Hong Kong. It was established in April 1973 under the Housing Ordinance and is an government agency, agency of the Government of Hong Kong. In the same year, the Resettlement Department and the Building Section of the Urban Services Department were merged to form the Housing Department, which acts as the Housing Authority's executive body. History The modern Housing Authority was founded in 1973. In 2005, most Housing Authority-owned shopping centres and car parks were controversially divested to The Link REIT. A citywide scandal erupted in 2015 after 2015 Hong Kong heavy metal in drinking water incidents, heavy metals were found in the water supply of some housing estates, schools, and private residential buildings. The contamination was first identified at Public housing estates in the Kai Tak development area#Kai Ching Estate, Kai Ching Estate, opened in 2013. A task force found that the contam ...
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COSCO Shipping Ports
COSCO Shipping Ports Limited, stylized as COSCO SHIPPING Ports is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of COSCO and now part of its successor, COSCO Shipping. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding. COSCO Pacific was a Hang Seng Index constituent ( blue chip) from 2003 to 2014. COSCO Pacific also a red chip company so that it once considered as a purple chip company. History COSCO Pacific Limited is a Bermuda incorporated company and was a subsidiary of China Ocean Shipping (Group) Company (COSCO). In 1994, it became a listed company in the Stock Exchange of Hong Kong (SEHK). At that time, Hong Kong is a British colony and not yet handover back to the People's Republic of China. After the 1997 handover, Hong Kong still has a separate jurisdiction apart from the Mainland China. Since COSCO P ...
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State Council Of The People's Republic Of China
The State Council of the People's Republic of China, also known as the Central People's Government, is the chief administrative authority and national cabinet. It is constitutionally the highest administrative organ of the country and the executive organ of the National People's Congress, the highest organ of state power. It is composed of a premier, vice-premiers, state councilors, ministers, chairpersons of commissions, an auditor-general, the governor of the People's Bank of China, and a secretary-general. The premier of the State Council is responsible for the State Council and exercises overall leadership of its work. The secretary-general of the State Council, under the leadership of the premier, is responsible for handling the daily work of the State Council and heads the General Office of the State Council. The executive meeting of the State Council, consisting of the premier, vice-premiers, state councilors, and the secretary-general, is held two to three times a ...
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State-owned Assets Supervision And Administration Commission
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the State Council of the People's Republic of China. 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¥871 trillion (~US$116 trillion), revenue of more than CN¥85.37 trillion (~US$12 trillion) with a total profit of 4.63 trillion yuan according to a report from SASAC. Vice Premier Zhang Guoqing is responsible for the supervision of the SASAC. History SASAC was formed in 2003 to consolidate industry-specific bureaucracies and was restructured from the State Economic and Trade Commission. The Hu Jintao administration gave SASAC full ministerial rank. SASAC's mission was t ...
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China Ocean Shipping Company
China Ocean Shipping Company (COSCO) was a former shipping corporation from 1961 to 2016, owned by the State Council of China. The company merged with China Shipping Group Company to form China COSCO Shipping Corporation in January 2016. COSCO was founded in 1961 as a state-owned shipping and logistics services supplier company. COSCO headquarters is in Ocean Plaza in the Xicheng District in Beijing. It owns 1114 ships, including 365 dry bulk vessels, a container fleet with a capacity of , and a tanker fleet of 120 vessels. The fleet calls at over a thousand ports worldwide. It ranks among the largest in both number of container ships and aggregate container volume in the world. In 2012, it was among China's top 15 brands. It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. In addition, the Group is the largest liner carrier in China. COSCO division COSCO Shipping Port Company manages the company's port operation ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Free-float
In the context of stock markets, the public float or free float represents the portion of Share (finance), shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest investors, or governments. This number is sometimes seen as a better way of calculating market capitalization, because it provides a more accurate reflection (than entire market capitalization) of what public investors consider the company to be worth. In this context, the ''float'' may refer to all the shares outstanding that can be publicly traded. Calculating public float The float is calculated by subtracting the locked-in shares from outstanding shares. For example, a company may have 10 million outstanding shares, with 3 million of them in a locked-in position; this company's float would be 7 million (multiplied by the share price). Stocks with smaller floats tend to be more Volatility (finance), volatile than those ...
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Hong Kong Commercial Daily
The ''Hong Kong Commercial Daily'' ( zh, t=香港商報) (HKCD) is a Chinese state-owned newspaper, published by the Shenzhen Press Group in broadsheet format in Hong Kong and dubbed “China’s international media window” by the central government.Former editor at Hong Kong’s pro-Beijing Commercial Daily newspaper seeks asylum in US
HKFP, 10 Feb 2017
Established in 1952, it was the first financialnewspaper in the Chinese language. It is one of the few newspapers authorized by the Hong Kong SAR government to publicize legal announcements, and also the only Hong Kong newspaper allowed to be circu ...
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China Shipping Group
China Shipping Group Company was a former shipping corporation from 1997 to 2016, owned by the State Council of China. The company merged with China Ocean Shipping Company to form China COSCO Shipping Corporation in January 2016. China Shipping Group was mainly engaged in shipping of oil tankers, passenger ships and container vessels. Other related businesses included ship and Terminal management, finance and investment, engineering, human resources, trading and information technology. History China Shipping Group Company was formed in 1997 by a merger of three Chinese Government owned shipping conglomerates, based in Shanghai, Guangzhou and Dalian respectively. At first the company had a net loss of RMB 680 million (in yuan) a year. The merger also made China Shipping Group became the new parent company of Hong Kong listed company China Shipping Development, at that time known as Haixing Shipping. Haixing Shipping was listed since 1994. China Shipping Group sold 19 oi ...
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Sino-Ocean Group
Sino-Ocean Group Holding Limited () is a Chinese investment holding company that engages in the property investment and development activities. The company develops real estate projects such as mid to high-end residential properties and also invests in and operates urban complexes, office buildings. It also provides property management. For instance, its service includes community O2O and equity investment. In addition, the company is involved in the logistic property, real estate financing, pension, real estate fund, and environmental technology businesses. The company was formerly known as Sino-Ocean Land Holdings Limited and changed its name to Sino-Ocean Group Holding Limited in May 2016. See also *Real estate in China Real estate in the People's Republic of China is developed and managed by public, private, and state-owned red chip enterprises. In the years leading up to the 2008 financial crisis, the real estate sector in the People's Republic of China (PRC) ... Refere ...
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