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Civilian-run Enterprise
Civilian-run enterprise is a type of company or enterprise to describe a non-state-owned enterprise (state-owned enterprise including companies owned by the state, the central and regional government) in the People's Republic of China. A privately held company is a type of civilian-run enterprise. However, there is no proper legal definition of "civilian-run enterprise" in China. It is considered to be a special term in the Economy of China (Minqi, ) or ). The translation of the term "Minqi" was difficult, as stated by Ye Dong, a Chinese businessman during an interview by the Chinese-language version of the ''Financial Times''. A civilian-run enterprise may be a publicly traded company or a privately held company (any company that is not owned by a government nor listed on the stock exchange). If the company is listed in Hong Kong (and incorporated outside mainland China), it would be referred to as a P chip. Notable civilian-run enterprises in China * Fosun International * Hainan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. 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 to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fosun International
Fosun International Limited is a Chinese multinational conglomerate holding company. Founded in 1992 by Guo Guangchang and four others, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its Co-CEOs are Chen Qiyu and Xu Xiaoliang. Wang Qunbin joined Guo Guangchang as co-chairman in early 2020. The company is located in over 35 countries and is one of the largest privately owned conglomerates in China. It was ranked 371st on the Forbes Global 2000 ranking in 2020. History 1990s Fosun Group was founded in 1992 as the Guangxin Technology Development Company by five graduates of Fudan University in Shanghai: Guo Guangchang, Liang Xinjun, Wang Qunbin (), Fan Wei (), and Tan Jian (). Fosun started its business by doing market research. The major holding company of the group, Fosun High Technology, was incorporated in 1994 in mainland China. Then Fosun extended its business into the healthcare industry (as Fosun Pharmaceutical), real estat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Types Of Business Entity
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example: *private company limited by shares or Ltd. (United Kingdom, Ireland, and the Commonwealth) *public limited company (United Kingdom, Ireland, and the Commonwealth) *limited partnership * general partnership * chartered company *statutory corporation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LeEco
LeEco () is a List of companies of China, Chinese Conglomerate (company), conglomerate founded by Jia Yueting, the founder of Le.com (formerly LeTV). The group maintains businesses in Video on demand, video streaming, cloud services, software development, consumer electronics, such as smartphones, smart TVs, VR, electric bicycles, electric cars, film production and distribution, real estate, wine, retail, eCommerce, and other business. LeEco has expanded to countries outside of China, such as the United States, India, and Russia. From late 2016 onward, LeEco experienced financial limitations due to aggressive strategic expansion and difficulties in acquiring new funds. As of September 2018, LeEco has sold its remaining ownership of Leshi Zhixin Electronic Technology Co., Ltd. and Le Vision Pictures to Sunac. In October 2018, Le.com formally announced it is not for sale and is exploring solutions to address its financial issues. History The predecessor of the diversified group, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunac China
Sunac China Holdings Limited, or Sunac (), is a major property developer headquartered in Tianjin, China. The company focuses on large-scale, medium to high-end property developments. It does not only focus on its home market of Tianjin, but also has operations in Beijing, Chongqing, Wuxi and other cities. In July 2017, Sunac reached a $9.3 billion deal to buy Dalian Wanda's tourism projects and hotels, forming the second-biggest real estate deal ever in China at the time. History Sunac was founded in 2003 in Tianjin by Sun Hongbin, previously the founder, chairman, and CEO of Sunco Group. It was listed on the Hong Kong stock exchange on 7 October 2010 with the IPO price of HK$3.48 per share. In July 2017, Sunac acquired 13 tourism projects from Dalian Wanda for US$6.6 billion The company also acquired a stake in Chinese streaming service ''le.com'' in 2017. In March 2020, the company reported profits of $3.7 billion in 2019, an increase of 57% from the previous year. In A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune Global 500
The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by '' Fortune'' magazine. Methodology Until 1989, it listed only non–United States industrial corporations under the title "International 500" while the ''Fortune'' 500 contained and still contains exclusively United States corporations. In 1990, United States companies were added to compile a truly global list of top industrial corporations as ranked by sales. Since 1995, the list has had its current form, listing also top financial corporations and service providers by revenue. Several inconsistencies exist in ''Fortune'' ranking of cities with the most ''Fortune'' 500 headquarters. On June 3, 2011, the '' Atlanta Business Chronicle'' stated examples of ''Fortune'' including regional headquarters for some cities, excluding regional headquarters for other cities and in some cases excluding headq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wanda Group
Wanda Group (), or the Dalian Wanda Group (), is a Chinese multinational corporation, multinational conglomerate (company), conglomerate founded in Dalian, Liaoning, and headquartered in Beijing. The conglomerate's core businesses are a private property developer and an entertainment company, effectively acting as the owner of Wanda Film, Wanda Cinemas and the Hoyts, Hoyts Group line of cinema chains. With investments within mainland China and globally, the Dalian Wanda group has investments across many industries including construction, entertainment, media, industrial manufacturing, financial services, high technology, hospitality, real estate, retail, health care, and sports. It ranked 380th on the Fortune Global 500, ''Fortune'' Global 500 List in 2017. Also in 2017, its assets amounted to 700 billion yuan and an annual revenue of 227.4 billion yuan ($35.29 billion). Wanda Cultural Industry Group is one of China's cultural enterprises, which includes movie theaters as well ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SZSE 100 Index
SZSE 100 Index are a set of stock indices of the Shenzhen Stock Exchange. It consists of the SZSE 100 Price Index () and the SZSE 100 Return Index (), using the same constituents but different methodologies. Despite the fact that it was intended as the blue-chip index of Shenzhen Stock Exchange, comparing to its counterpart the SSE 50 Index SSE 50 Index is the stock index of Shanghai Stock Exchange, representing the top 50 companies by "float-adjusted" capitalization and other criteria. In order to qualify as a constituent of SSE 50 Index, it must be a constituent of SSE 180 Index, ..., it had a smaller total free-float adjusted market capitalization of the constituents as well as smaller average free-float adjusted market capitalization per constituent. They have difference composition in constituents. Constituents Weighting updated to 7 March 2024: References ;general * ;specific Chinese stock market indices Shenzhen Stock Exchange Lists of companies of China 2003 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suning Commerce Group
Suning.com Co., Ltd. ( ), formerly Suning Commerce Group Co., Ltd., is one of the largest non-government retailers in China, headquartered in Nanjing, Jiangsu. Suning has more than 10,000 stores nationwide and its e-commerce platform, ''Suning.com'' ranks among top three Chinese B2C companies. The operation categories include physical merchandise, such as home appliances, 3C products, books, general merchandise, household commodities, cosmetics and baby care products, content products and service merchandise with the total number of SKU exceeding 3 million. It was listed on the Shenzhen Stock Exchange in 2004. In 2021, Suning.com ranked 328th on the Fortune Global 500 list. Suning.com was ranked 9th on the list of the 15 ''Fastest Growing Ecommerce Companies'' in 2020 according to a report published by the international finance website "Insider Monkey", and ranked 2nd in "Total Online Retail Sales" in China. Business areas Suning Commerce Group Co., Ltd. principally operates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hainan Airlines
Hainan Airlines is an airline headquartered in Haikou, Hainan, China. It is the largest civilian-run enterprise, civilian-run and majority State ownership, state-owned air transport company, making it the fourth-largest airline in terms of fleet size in the People's Republic of China, and the tenth-largest airline in Asia in terms of passengers carried. It operates scheduled domestic and international services on 500 routes from Hainan and nine locations on the mainland, as well as charter services. Its main base is located at Haikou Meilan International Airport, with hubs at Beijing Capital International Airport and Xi'an Xianyang International Airport and several focus cities. History Early years Hainan Airlines was established in October 1989 as ''Hainan Province Airlines'' in Hainan, the largest special economic zone in China. Hainan Province Airlines became China's first joint-stock air-transport company following a restructuring in January 1993 and began scheduled services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
P Chip
The term P chip () refers to Chinese companies listed on the Hong Kong Stock Exchange which are incorporated in the Cayman Islands, Bermuda and the British Virgin Islands with operations in mainland China, and are run by private sector Chinese businessmen. During the 2008 financial crisis, P chips showed a dramatic increase in the rate of bankruptcy failures as compared to H shares or red chips. Since the main difference among private sector Chinese companies incorporated abroad is the exchange in which they are listed, the following terms are used to differentiate them: * P chip if traded in Hong Kong (P stands for "private"). * S chip if traded in Singapore. * N share if traded in the NYSE, NASDAQ, or the AMEX. * L share if traded in London. Therefore, the main difference between P chips and S chips is the exchange on which they are traded. However, a few market participants may use the term "P chips" to refer to the entire universe of private sector Chinese companies inco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. Corporations are distinct from Sole proprietorship, sole proprietors and partnerships. Corporations are separate and unique Legal person, legal entities from their shareholde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
