State-owned enterprises of China

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This is a list of state-owned enterprises of China. A state-owned enterprise is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular or dominant stockholder. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms are often used interchangeably. The defining characteristics are that they have a distinct legal shape and they are established to operate in commercial affairs. While they may also have public policy objectives, SOEs should be differentiated from other forms of government agencies or state entities that are established to pursue purely non-financial objectives.[1] The role of the Chinese Communist Party (CCP) in SOEs has varied at different periods but has increased during the rule of CCP General Secretary Xi Jinping, with the Party formally taking a commanding role in all SOEs as of 2020.[2] For example, Lai Xiaomin, the former president of China Huarong Asset Management, which is a famous state-owned enterprise, announced in 2015 that during the operation of China Huarong Asset Management, the Committee of China Communist Party will play a central role, and party members will play an exemplary role.[3]

The three primary entities involved in deploying intelligence operatives overseas are the Joint Staff Department of the Central Military Commission Intelligence Bureau, Ministry of State Security, and State Owned Enterprises.[4]

State Council (Central Government)[edit]

China Investment Corporation[edit]

SASAC of the State Council[edit]

SASAC currently oversees 97 centrally owned companies.[5] Companies directly supervised by SASAC are continuously reduced through mergers according to the state-owned enterprise restructuring plan with the number of SASAC companies down from over 150 in 2008.[6]

Ministry of Finance[edit]

Ministry of Education[edit]

Regional Governments[edit]

Anhui Province[edit]

Beijing Municipality[edit]

Chongqing Municipality[edit]

Gansu Province[edit]

Guangdong Province[edit]

Zhuhai City[edit]

Guangxi Zhuang Autonomous Region[edit]

Guizhou Province[edit]

Hebei Province[edit]

Heilongjiang Province[edit]

Hubei Province[edit]

Wuhan City[edit]

Liaoning Province[edit]

Shanghai Municipality[edit]

Shandong Province[edit]

Linfen City[edit]

Yantai City[edit]

As of 2019

Shanxi Province[edit]

Tianjin Municipality[edit]

Xinjiang Uyghur Autonomous Region[edit]

Zhejiang Province[edit]

Ningbo City[edit]

Hong Kong S.A.R.[edit]

See also[edit]


  1. ^ Profiles of Existing Government Corporations, pp. 1–16
  2. ^ Wang, Orange; Xin, Zhou (January 8, 2020). "China cements Communist Party's role at top of its SOEs, should 'execute the will of the party'". South China Morning Post. Retrieved January 8, 2020.
  3. ^ {{cite web |title=《中国华融党委书记、董事长赖小民赴广东分公司调研 强调全系统要总结、学习、推广“广东经验”助推中国华融转型发展》|url= |access-date=2020-08-26|archive-url=
  4. ^ Eftimiades, Nicholas. "The 5 Faces Of Chinese Espionage: The World's First 'Digital Authoritarian State'". Breaking Defense. Retrieved 26 October 2020.
  5. ^ "央企名录" [List of Central SOEs]. Official website of SASAC (in Chinese). 20 December 2016. Retrieved 10 February 2017.
  6. ^ "China gives state firms $8 bln to combat slowdown". Reuters. November 28, 2008.
  7. ^ "Zhōngguó bǎowǔ "wúcháng" shōugòu mǎgāng gāngtiěyè jiānbìng chóngzǔ tísù" 中国宝武“无偿”收购马钢 钢铁业兼并重组提速. 第一财经 (Yicai) (in Chinese). Shanghai. 3 June 2019. Retrieved 18 June 2019.
  8. ^ "关于方正东亚信托有限责任公司调整股权结构的批复" (in Chinese). CBRC. 4 November 2016. Retrieved 9 January 2017.