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State-owned Assets Supervision And Administration Commission Of The State Council
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as China's List of cities in China by population, second largest city by urban area after Shanghai. It is located in North China, Northern China, and is governed as a Direct-administered municipalities of China, municipality under the direct administration of the Government of the People's Republic of China, State Council with List of administrative divisions of Beijing, 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province and neighbors Tianjin to the southeast; together, the three divisions form the Jing-Jin-Ji, Jing-Jin-Ji cluster. Beijing is a global city and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sinopec
China Petroleum and Chemical Corporation, or Sinopec Group, is a Chinese oil and gas enterprise based in Chaoyang District, Beijing. The SASAC administers China Petroleum and Chemical Corporation for the benefit of State Council of the People's Republic of China. China Petroleum and Chemical Corporation operates a publicly traded subsidiary, called Sinopec, listed in Hong Kong and Shanghai stock exchanges. China Petroleum and Chemical Corporation is the world's largest oil refining conglomerate, state owned enterprise, and second highest revenue company in the world behind Walmart. History Domestic In 1994, Sinopec was among the large industrial state-owned enterprises of China which were selected for a pilot program of restructuring as state holding companies, thereby enabling partial public listings of its subsidiaries' assets. Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sinopec Group) in February 2000. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Southern Power Grid
China Southern Power Grid Company Limited (CSG; ) is one of the two Chinese state-owned enterprises established in 2002 in a power system reform promulgated by the State Council of the People's Republic of China, State Council, the other being the State Grid Corporation of China (SGCC). It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council and it manages investment, construction and management of power transmission, Energy transformation, transformation and power distribution, distribution covering China's five southern Provinces of China, provinces of Guangdong, Guangxi, Yunnan, Guizhou and Hainan, while power generation is done by five other power generation groups. The company is headquartered in Guangzhou, Guangdong. China Southern Power Grid accounts for 20% of the Chinese grid while SGCC accounts for the remaining 80%. Organizational structure China Southern Power Grid is organized in the following structure. Administrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China National Offshore Oil Corporation
China National Offshore Oil Corporation, or CNOOC Group (), is the third-largest national oil companies, national oil company in China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec). The CNOOC Group focuses on the exploitation, exploration and development of petroleum, crude oil and natural gas in offshore China, along with its subsidiary COOEC. The company is owned by the government of the People's Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) assumes shareholder rights and obligations on the government's behalf. One subsidiary, CNOOC Limited, is listed on the Hong Kong Stock Exchange; the other, China Oilfield Services, is listed on the Hong Kong and New York Stock Exchanges. In the 2020 Forbes Global 2000, CNOOC was ranked as the 126th largest public company in the world. In 2023, the company's seat in Forbes Global 2000 was 85. History When the State Council o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Petrochemical Corporation
China Petroleum and Chemical Corporation, or Sinopec Group, is a Chinese Petroleum, oil and Natural gas, gas enterprise based in Chaoyang District, Beijing, Chaoyang District, Beijing. The SASAC administers China Petroleum and Chemical Corporation for the benefit of State Council of the People's Republic of China. China Petroleum and Chemical Corporation operates a publicly traded subsidiary, called Sinopec, listed in Hong Kong Stock Exchange, Hong Kong and Shanghai Stock Exchange, Shanghai stock exchanges. China Petroleum and Chemical Corporation is the world's largest oil refining conglomerate, state owned enterprise, and second highest revenue company in the world behind Walmart. History Domestic In 1994, Sinopec was among the large industrial state-owned enterprises of China which were selected for a pilot program of restructuring as state holding companies, thereby enabling partial public listings of its subsidiaries' assets. Sinopec Limited was established as a jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China National Petroleum Corporation
The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing, Dongcheng District, Beijing. CNPC was ranked fourth in 2022 Fortune Global 500, a global ranking of the largest corporations by revenue. Corporate structure CNPC is the government-owned parent company of publicly listed PetroChina, which was created on November 5, 1999, as part of the restructuring of CNPC. In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its hydrocarbon exploration and production, Oil refinery, refining and marketing, chemicals and natural gas businesses. CNPC and PetroChina develop overseas assets through a joint venture, the CNPC Exploration & Development Company (CNODC), which is 50% owned by PetroChina. In March 2014, CNPC Chairman Zhou Jiping announced that CNPC would be opening six ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aero Engine Corporation Of China
Aero Engine Corporation of China (AECC) is a Chinese state-owned aerospace manufacturer focused on the design and development of aeroengine and related technology, comprising 46 affiliated companies including engine manufacturers, institutions and aero-engine factories. The company was established on August 28, 2016. At launch, AECC was to be capitalized with US$7.5 billion by Aviation Industry Corporation of China (AVIC) and Commercial Aircraft Corporation of China, Ltd. (COMAC), China's two main state aerospace companies. U.S. sanctions In November 2020, U.S. President Donald Trump issued an executive order prohibiting U.S. companies and individuals owning shares in companies that the United States Department of Defense believe have links to the People's Liberation Army. The list produced by the United States Department of Defense as being linked to the People's Liberation Army includes AECC. See also * List of Chinese aircraft engines *Aviation Industry Corporation of Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Electronics Technology Group
China Electronics Technology Group Corporation (CETC; ) is a Chinese state-owned company established in 2002. Its fields include communications equipment, computers, electronic equipment, IT infrastructure, networks, software development, research services, investment and asset management for civilian and military applications. It was founded with the stated goal of leveraging civilian electronics for the benefit of the People's Liberation Army. In 2021, CETC became the third largest electronics and IT company in China after absorbing Potevio, with a combined revenue of $53 billion in 2019, behind only Huawei and Lenovo. The company also handles electronic parts and systems for radars, missiles, key components for satellites in the BeiDou network, semiconductors, antennas for wireless infrastructure as well as equipment for autonomous-driving technology. History China Electronics Technology Group Corporation was founded in March 2002 by the Minister of Information Industry. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China South Industries Group Corporation
The China Ordnance Equipment Group Corporation (), also known as China South Industries Group Corporation (CSGC, ), is a Chinese state-owned manufacturer of automobiles, motorcycles, firearms, vehicle components, and optical-electronic products and other special products domestically and internationally. History The company was founded in 1999 and is based in Haidian District, Beijing. CSGC is the parent company of Changan Automobile. In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included China South Industries Group Corporation. In June 2025, the State Council announced the spin-off of China South Industries Group Corporation Its automotive business entity, Changan Automobile, will be separated into an independent Central state-owned enterprise, with the State-owned Assets S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China North Industries Group Corporation
China North Industries Group Corporation Limited, doing business internationally as Norinco Group (an abbreviation of "North Industries Corporation"), and known within China as China Ordnance Industries Group Corporation Limited (), is a Chinese state-owned defense corporation that manufactures commercial and military products. Norinco Group is one of the world's largest defense contractors. The company's subsidiary, China North Industries Corporation (), or simply Norinco, markets Norinco Group's products internationally, and is also involved in domestic civil construction and military defense projects. Some of Norinco's international customers include Pakistan, Zimbabwe, and the Democratic Republic of the Congo, where it negotiated arms-for-minerals deals, as well as Venezuela. History Established in 1980 with the approval of the State Council of the People's Republic of China, Norinco is an enterprise group engaged in both products and capital operation, integrated with res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China State Shipbuilding Corporation
The China State Shipbuilding Corporation (CSSC) is a state-owned shipbuilding conglomerate of the People's Republic of China (PRC). Background CSSC is one of the top 10 defence groups in the PRC. It consists of various shipyards, equipment manufacturers, research institutes and shipbuilding-related companies that build both civilian and military ships. It owns some of the most well known shipbuilders in China, such as Dalian Shipbuilding Industry Company, Jiangnan Shipyard, Hudong–Zhonghua Shipbuilding, Guangzhou Huangpu Shipbuilding and Guangzhou Wenchong Shipyard. Its subsidiary, China CSSC Holdings Limited (), is listed on the Shanghai Stock Exchange, and in turn owns other subsidiaries including Shanghai Waigaoqiao Shipbuilding. As of , CSSC builds a third of all ships in the world, making it the world's biggest shipbuilding conglomerate. All CSSC ships are built to military specifications, according to Chinese government doctrine. History Early developmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation Industry Corporation Of China
The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned publicly-traded aerospace and defense conglomerate headquartered in Beijing. AVIC is overseen by the State-owned Assets Supervision and Administration Commission of the State Council. It is ranked 140th in the ''Fortune'' Global 500 list as of 2021, and has over 100 subsidiaries, 27 listed companies and 500,000 employees across the globe. AVIC is also the sixth largest defense contractor globally as of 2022 and second largest Chinese defense contractor with total revenue of $79 billion (from both defense and non-defense services). History Since being established on 1 April 1951 as the Aviation Industry Administration Commission, the aviation industry of the People's Republic of China has been through 12 systemic reforms. In 1994, Avic was among the large industrial state-owned enterprises of China which were selected for a pilot program of restructuring as state holding companies, thereby enabling part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
