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SASAC
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. 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¥194 trillion ( US$30 trillion), revenue of more than CN¥30 trillion (US$4.6 trillion), and an estimated stock value of CN¥65 trillion (US$10.06 trillion), making it the one of the largest economic entities in the world. Central SOEs 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 compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China National Offshore Oil Corporation
China National Offshore Oil Corporation, or CNOOC Group ( Chinese: 中国海洋石油总公司 Pinyin: ''Zhōngguó Háiyáng Shíyóu Zǒnggōngsī''), is one of the largest national oil companies in China, and the third-largest 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 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 exchange; the other, China Oilfield Services, is listed on the Hong Kong and New York exchanges. In the 2020 Forbes Global 2000, CNOOC was ranked as the 126th largest public co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Energy Investment Corporation
China Energy Investment Corporation, more commonly known as China Energy (), is a state-owned mining and energy company administrated by the SASAC of the State Council of the People's Republic of China. History On August 28, 2017, SASAC announced that China Guodian Corporation and Shenhua Group will be jointly restructured. Shenhua Group will become China Energy Investment Corporation Limited and will absorb China Guodian Corporation. It will be the largest power company in the world by installed capacity. Operations China Energy is engaged in development, investment, construction, operation and management of power plants and power generation for electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as describe ... supply in China. It also mines coal; operates railroads, ports and seabor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China State Shipbuilding Corporation
The China State Shipbuilding Corporation (CSSC) is a Chinese shipbuilding conglomerate. Description CSSC is one of the top 10 defence groups in China. 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. History Early developments In 1964, the Sixth Ministry of Machine Building was createdCollins and Grubb, pg. 6 to oversee China's shipbuilding enterprises, which were predominantly engaged in military work.Medeiros et al., pg. 113 In July 1982,Collins and Grubb, pg. 7 as part of defen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Petrochemical Corporation
China Petrochemical Corporation () or Sinopec Group is the world's largest oil refining, gas and petrochemical conglomerate, administered by SASAC for the State Council of the People's Republic of China. It is headquartered at Chaoyangmenwai in Beijing, across the road from the headquarters of fellow state-owned oil company and competitor CNOOC Group. Sinopec Group ranked the 2nd in the Fortune Global 500 List in 2020, with revenue over US$407 billion. In the 2020 Forbes Global 2000, Sinopec was ranked as the 60th largest public company in the world. According to the Fortune Global 500 list in 2021, Sinopec was the largest energy company in the world by revenue, the largest state-owned enterprise in both China and the world, and second largest company in the world in terms of revenue, behind only American retail store chain Walmart. Subsidiaries Its major subsidiary, China Petroleum and Chemical Corporation Limited, commonly referred to as "Sinopec Limited", is listed o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hao Peng (PRC)
Hao Peng (; born July 1960) is a Chinese politician and business executive, currently serving as Communist Party Secretary of Liaoning and Chairman and Party Committee Secretary of the State-owned Assets Supervision and Administration Commission (SASAC). He served as the Governor of Qinghai province between 2013 and 2016, and prior to that, a Vice Chairman of Tibet Autonomous Region. Career Education and industry Hao Peng is a native of Fengxiang County, Shaanxi province. He entered the work force in January 1976 as a sent-down youth in Weiyuan County, Gansu province. After the Cultural Revolution, in October 1978 Hao entered Northwestern Polytechnical University in Xi'an, Shaanxi, majoring in aircraft manufacturing. He joined the Chinese Communist Party in March 1982 and graduated in July 1982. After university Hao Peng joined the Aviation Industry Corporation of China, working at its flight control system factory in Lanzhou, Gansu. He started as a technician, becoming th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Huadian Corporation
China Huadian Corporation (Huadian Group; ) is one of the five largest state-owned power generation enterprises in China, administrated by SASAC for the State Council. It engages in the generation and supply of electricity and heat, and the development of power-related primary energy. It produces about 10% of China's power along with Huaneng Group, Datang Group, SPIC and China Energy. Subsidiaries * Huadian Power International (华电国际电力股份有限公司) (SEHK: 1071, SSE: 600027, A share), which is listed on the Hong Kong Stock Exchange and Shanghai Stock Exchange, is the Group's major subsidiary company. It operates thermal powers stations in China. * Huadian Energy is an electric power subsidiary based in Harbin Harbin (; mnc, , v=Halbin; ) is a sub-provincial city and the provincial capital and the largest city of Heilongjiang province, People's Republic of China, as well as the second largest city by urban population after Shenyang and largest c ..., ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Aerospace Science And Technology Corporation
The China Aerospace Science and Technology Corporation, or CASC, is the main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, strategic and tactical missile systems, and ground equipment. It was officially established in July 1999 as part of a Chinese government reform drive, having previously been one part of the former China Aerospace Corporation. Various incarnations of the program date back to 1956. Along with space and defense manufacture, CASC also produces machinery, chemicals, communications equipment, transportation equipment, computers, medical care products and environmental protection equipment. CASC provides commercial launch services to the international market. By the end of 2013, the corporation has registered capital of CN￥294.02 billion and employs 170,000 people. In December 2017, the CASC was converted from a state-owned enterprise (全民所 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Three Gorges Corporation
The China Three Gorges Corporation (CTG; ) is a Chinese state-owned power company, established on 27 September 1993. The company was responsible for the construction of the Three Gorges Dam-project, the world's largest hydroelectric power plant, that went into operation in 2008. In September 2002, CTG established the subsidiary company China Yangtze Power, which took over operations and management of Gezhouba and Three Gorges dams. CTG is one of the world's largest energy companies with total assets of RMB 475.5 billion (app. USD 77.3 billion) in 2014. Business Apart from Gezhouba and the Three Gorges Dam, CTG operates and develops other hydroelectric projects on the Yangtze River - Xiangjiaba Dam, Xiluodu Dam, Baihetan Dam ( the world's second largest hydroelectric power plant) and Wudongde Dam. By the end of 2014 CTG had 46.3 GW of total hydropower installed capacity in China and over 28 GW of total installed capacity under construction or development. CTG started to develop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Telecommunications Corporation
China Telecommunications Corporation (Chinese: 中国电信集团有限公司), known as its trading name China Telecom, is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China. It has three listed companies: China Telecom Corporation Limited (), China Communications Services Corporation Limited () and Besttone Holding Co., Ltd. (). History The company originated as a government agency of the . On 27 April 1995, it was registered as a separate legal entity as Directorate General of Telecommunications, P&T, China, using "China Telecom" as brand name. On 17 May 2000 it was registered as China Telecommunications Corporation. In May 2002, China Netcom Corporation was spun off as a separate company that was also supervised by the State-owned Assets Supervision and Administration Commission of the State Council directly. It also owned subsidiaries in Beijing, Tianjin, Hebei, Shanxi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Datang Corporation
China Datang Corporation (CDT) is one of the five large-scale power generation enterprises in China, established on the basis of former State Power Corporation of China in 2002. It is a solely state-owned enterprise directly managed by the SASAC and is the experimental state-authorized investment and state shareholding enterprise ratified by the State Council. Subsidiaries * Datang International Power Generation Company (大唐国际发电股份) is a core subsidiary company with approximately one third of the Group's thermal installed capacity. * was listed on the Hong Kong Stock exchange in December 2010. ...
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State Grid Corporation Of China
The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world, and as of 2022, the world's third largest company overall by revenue, behind Walmart and Amazon. In 2022 it was reported as having 871,145 employees, 1.1 billion customers and revenue equivalent to US$460 billion. After the electricity Plant-Grid Separation reform in early 2002, the assets of State Electric Power Corporation () were divided into five power generation groups that retained the power plants and five regional subsidiaries belonging to the State Grid Corporation of China in Beijing. History China began an initiative to reform the country's power sector in a three-stage process in 1986. In the third and final stage in March 2002 the State Council of the People's Republic of China put into effect a plan to restructure the country's electric power system in order to create competition and se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Huaneng Group
China Huaneng Group Co., Ltd., abbreviated as CHNG or Huaneng Group, is one of the five largest state-owned electricity generation enterprises in China, administrated by the State Council. It engages in the investment, construction, operation and management of power generation assets and the production and sale of electricity. In 2012, the company was ranked 246th on the ''Fortune'' 500 list. History China Huaneng Group Corporation was founded in 1989 as the holding company for a series of companies of that under the supervision of of the State Council of China, including Huaneng Coal Corporation and Huaneng International Power Development Corporation, etc. The group was part of a project that replacing oil fired power plant to coal power plant (). In 1993, the corporation was under the dual supervision of the and the State Planning Committee. In 1995, Huaneng Coal Corporation became a separate state-owned enterprise group that under the provisional supervision of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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