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Shi Dahua
Shi Dahua (born 1951, zh, 石大华) is a former state-owned enterprise (SOE) executive and the chairman and Chinese Communist Party Committee Secretary of China Railway Engineering Corporation (CREC). Biography Shi Dahua was born in 1951 in Hubei. At age 17, he joined the People's Liberation Army, in which he served for more than ten years. He then began working at the Ministry of Railways and earned a university degree in engineering management. Beginning in 1995, he served on the Chinese Communist Party (CCP) committee for China Railway Construction and then on the CCP committee of CREC in 1997. In 2006, Shi became the chairman and CCP Committee Secretary of CREC. Shi oversaw limited diversification of CREC's core business (constructing transportation infrastructure and municipal projects) into the related areas of real estate, trade, and logistics. During Shi's tenure, CREC transferred, restructured, or sold, almost 100 subsidiaries unrelated to its core business. As part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprises Of China
A state-owned enterprise of the People's Republic of China ( Chinese: 国有企业) is a legal entity that undertakes commercial activities on behalf of an owner government. , the People's Republic of China has more SOEs than any other country, and the most SOEs among large national companies. 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. State-owned enterprises accounted for over 60% of China's market capitalization in 2019 and estimates suggest that they generated about 23-28% of China's GDP in 2017 and employ between 5% and 16% of the workforce. Ninety-one (91) of these SOEs belong to the 2020 Fortune Global 500 companies. Almost 867,000 enterprises have a degree of state ownership, according to Franklin Allen of Imperial College London. The role of the Chinese Communist Party (CCP) in SOEs has varied at different periods bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market capitalization as of August 2024. The exchange plays a crucial role in connecting international investors with Mainland China, mainland Chinese companies, serving as a major platform for capital raising. Unlike Chinese stock exchanges (other), mainland Chinese exchanges, it operates under Hong Kong’s distinct regulatory framework, which allows greater access to foreign investors. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing, Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became the world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME Group, CME. A 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1951 Births
Events January * January 4 – Korean War: Third Battle of Seoul – Chinese and North Korean forces capture Seoul for the second time (having lost the Second Battle of Seoul in September 1950). * January 9 – The Government of the United Kingdom announces abandonment of the Tanganyika groundnut scheme for the cultivation of peanuts in the Tanganyika Territory, with the writing off of £36.5M debt. * January 11 – In the U.S., a top secret report is delivered to U.S. President Truman by his National Security Resources Board, urging Truman to expand the Korean War by launching "a global offensive against communism" with sustained bombing of Red China and diplomatic moves to establish "moral justification" for a U.S. nuclear attack on the Soviet Union. The report will not not be declassified until 1978. * January 15 – In a criminal court in West Germany, Ilse Koch, The "Witch of Buchenwald", wife of the commandant of the Buchenwald concentration camp, is sentenced to li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rail Transport In China
Rail transport is an important mode of long-distance transportation in China. As of 2024, the country had more than of railways, the 2nd longest network in the world. By the end of 2023, China had more than of high-speed rail (HSR), the longest HSR network in the world. The railway sector in China is essentially operated by the central government. Almost all rail operations are handled by the China State Railway Group Company, Limited, a state-owned company created in March 2013 (as China Railway Corporation) after the dissolution of the Ministry of Railways. It was converted into a joint-stock company and placed under the control of the Ministry of Finance in June 2019. China's railways are the busiest in the world. In 2019, railways in China delivered 3.660 billion passenger trips, generating 1,470.66 billion passenger-kilometres and carried 4.389 billion tonnes of freight, generating 3,018 billion cargo tonne-kilometres. Freight traffic turnov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
China Daily
''China Daily'' ( zh, s=中国日报, p=Zhōngguó Rìbào) is an English-language daily newspaper owned by the Central Propaganda Department of the Chinese Communist Party. Overview ''China Daily'' has the widest print circulation of any English-language newspaper in China. The headquarters and principal editorial office is in the Chaoyang District of Beijing. The newspaper has branch offices in most major cities of China as well as several major foreign cities including New York City, Washington, D.C., London, and Kathmandu. ''China Daily'' also produces an insert of sponsored content called ''China Watch'' that has been distributed inside other newspapers including ''The New York Times, The Wall Street Journal'', ''The Washington Post'', and ''Le Figaro''. ''China Daily'' operates a social media brand called "Media Unlocked". Within mainland China, the newspaper targets primarily diplomats, foreign expatriates, tourists, and locals wishing to improve their English. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
17th Central Committee Of The Chinese Communist Party
The 17th Central Committee of the Chinese Communist Party was elected by the 17th National Congress of the Chinese Communist Party, 17th Congress on 21 October 2007, and sat until the 18th National Congress of the Chinese Communist Party, 18th National Congress in 2012. The 17th Central Committee is composed of full members and alternate members. It was followed by the 18th Central Committee of the Chinese Communist Party. A member has voting rights, while an alternate does not. If a full member is removed from the CC the vacancy is then filled by an alternate member at the next committee plenum — the alternate member who received the most confirmation votes in favor is highest on the order of precedence. To be elected to the Central Committee, a candidate must be a party member for at least five years. Plenums Working Organs Heads of department-level institutions Heads of Institutions Directly Under the Central Committee Membership Legend Members Notes: * The Listing c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shanghai Stock Exchange
The Shanghai Stock Exchange (, SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's third-largest stock market by market capitalization, exceeding $6 trillion in July 2024. It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government due to capital account controls exercised by the Chinese mainland authorities. In 1891, Shanghai founded China's first exchange system. The current stock exchange was re-established on November 26, 1990, and was in operation on December 19 of the same year. It is a non-profit organization directly administered by the China Securities Regulatory Commission (CSRC). History The formati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Railway Group Limited
China Railway Group Limited, known as CREC (the acronym of its predecessor and parent company China Railway Engineering Corporation), is a Chinese construction company which is traded on the Shanghai and Hong Kong stock exchanges. The major shareholder of the company is the state-owned China Railway Engineering Corporation (CRECG). By revenue, CREC is the largest construction company in the world in the 2015 ''Engineering News-Record'' "Top 225 Global Contractors". In 2016, CRECG ranks in the 57th place among ''Fortune'' Global 500 Enterprises and the 7th place among Top 500 Chinese Enterprises. Business areas CREC holds a large share of the Chinese construction market and participates in many large-scale infrastructure projects overseas (especially in countries in the Southeast Asia and Africa). In addition to the core business of construction, the company does business in surveying and designing, installation, manufacturing, R&D, technical consulting, capital management, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Communist Party Committee Secretary
A Party Committee Secretary () is the leader of the Chinese Communist Party (CCP) organization in a province, city, village, or other administrative unit. In most cases, it is the ''de facto'' highest political office of its area of jurisdiction. The term can also be used for the leadership position of CCP organizations in state-owned enterprises, private companies, foreign-owned companies, universities, research institutes, hospitals, as well as other institutions of the state. Post-Cultural Revolution, the CCP is responsible for the ''formulation'' of policies and the government is responsible for its day-to-day ''execution''. At every level of jurisdiction, a government leader serves alongside the party secretary. For example, in the case of a province, the provincial Party Secretary is the ''de facto'' highest office, but the government is headed by a government leader called a "Governor" (). The Governor is usually the second-highest-ranking official in the party's Provinci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Railway Construction Corporation
China Railway Construction Corporation Limited (abbreviated CRCC) is a listed construction enterprise based in Beijing, China, that was the second largest construction and engineering company in the world by revenue in 2014. The limited company was incorporated in 2007 in order to float the assets of China Railway Construction Corporation roup(CRCCG, , or the holding company) in Shanghai and Hong Kong stock exchange. CRCCG retained some assets which was deemed not suitable to float in the stock exchange. Following the 2022 Russian invasion of Ukraine the company continued doing business in Russia, including discussing building a tunnel to Crimea. For this reason Ukraine listed CRCC as an International Sponsor of War. Corporate structure CRCCG is under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council. Since February 2008, A shares and H shares of CRCC are listing on the Shanghai and Hong Kong stock exchanges. The financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Communist Party
The Communist Party of China (CPC), also translated into English as Chinese Communist Party (CCP), is the founding and One-party state, sole ruling party of the People's Republic of China (PRC). Founded in 1921, the CCP emerged victorious in the Chinese Civil War against the Kuomintang and Proclamation of the People's Republic of China, proclaimed the establishment of the PRC under the leadership of Mao Zedong in October 1949. Since then, the CCP has governed China and has had sole control over the People's Liberation Army (PLA). , the CCP has more than 99 million members, making it the List of largest political parties, second largest political party by membership in the world. In 1921, Chen Duxiu and Li Dazhao led the founding of the CCP with the help of the Far Eastern Bureau of the Communist Party of the Soviet Union, Russian Communist Party (Bolsheviks) and Far Eastern Bureau of the Communist International. Although the CCP aligned with the Kuomintang (KMT) during its initia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
