Native name | 中国船舶重工股份有限公司 |
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Company type | State owned company |
Industry | Shipbuilding, defense |
Predecessor | China State Shipbuilding Corporation |
Founded | 1 July 1999 |
Fate | Merged with China State Shipbuilding Corporation |
Successor | China State Shipbuilding Corporation Limited |
Headquarters | , |
Area served | Worldwide |
Key people | Hu Wenming (胡问鸣) (Chairman) |
Products | Ships, submarines, diesel engines, storage batteries, large steel structure fabrications, port machinery, turbochargers, tobacco machinery, gas meters and automation distribution systems |
Parent | SASAC |
Website | www.csic.com.cn |
China Shipbuilding Industry Corporation | |||||||
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Simplified Chinese | 中国船舶重工股份有限公司 | ||||||
Traditional Chinese | 中國船舶重工股份有限公司 | ||||||
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Abbreviation | |||||||
Chinese | 中船重工 | ||||||
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SSE:601989 | |
Industry | Shipbuilding |
Headquarters | , China |
Area served | Worldwide |
Website | csicl.com.cn |
The China Shipbuilding Industry Corporation (CSIC) was one of the two largest shipbuilding conglomerates in China,the other was the China State Shipbuilding Corporation (CSSC). In 2019,CSIC was merged into CSSC.
CSIC was formed by the Government of the People's Republic of China on 1 July 1999 from companies spun off from CSSC,and is 100% owned by State-owned Assets Supervision and Administration Commission (SASAC) of State Council. [1] Headquartered in Beijing,the CSIC handled shipbuilding activities in the north and the west of China,while the China State Shipbuilding Corporation (CSSC) dealt with those in the east and the south of the country.
CSIC's subsidiary,China Shipbuilding Industry Company Limited (CSICL),was listed on the Shanghai Stock Exchange in 2008. Its trade arm is China Shipbuilding &Offshore International Co. Ltd (CSOC). [2]
CSIC developed 10 main product sections:shipbuilding,marine engineering,diesel engines,storage batteries,large steel structure fabrications,port machinery,turbochargers,tobacco machinery,gas meters,and automation distribution systems.
The main business scope of CSIC included management of all state owned assets of the corporation and its subsidiaries,domestic and overseas investment and financing,undertaking scientific research and production of military products, [3] mainly of warships,design,production and repair of domestic and overseas civil vessels,marine equipment and other non-ship products,various forms of economic and technological co-operation,overseas turnkey project contracting,labour export,projects of production with foreign materials,engineering project contracting,engineering construction,building construction and installation,and other business authorized.
CSIC consisted of 96 enterprises located in northern China,and employed over 300,000 people. Assets included shipbuilding and industrial enterprises in Dalian (Dalian Shipbuilding Industry Company),Tianjin,Qingdao,Wuhan,Xi'an,Chongqing,and Kunming,as well as 30 research institutes and ten laboratories developing naval and civil vessels and related equipment.[ citation needed ]
China State Shipbuilding Corporation (CSSC) carried out fundamental institutional restructuring. Ship building and repair enterprises and related equipment manufacturers formerly owned by CSSC in areas of Dalian,Tianjin,Wuhan,Kunming and Xi’an,together with majority of the institutes under China Ship Research &Development Academy,formed China Shipbuilding Industry Corporation (CSIC),which was founded on 1 July 1999 in Beijing.[ citation needed ] This was part of the overall State Council initiative of 1 July 1999,under which the Chinese government split the top five Defense and Technology Corporations into ten new enterprises. These corporations are all large state-owned enterprises (SOEs) under direct supervision of the State Council. These SOEs include the China State Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation (CSIC).
On 26 November 2019,the shipbuilding conglomerate merged with China State Shipbuilding Corporation again to form new China State Shipbuilding Corporation. The new entity was the world's largest shipbuilder with 20% global market share and US$110 billion in assets. [4] The main factor behind the merger between the two shipbuilding behemoths was corruption within CSIC's structure. [5]
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 CSIC. [6] [7] [8]
In December 2020,the United States Department of Commerce added 25 research institutes affiliated with CSIC to the Bureau of Industry and Security's Entity List due to their role in territorial disputes in the South China Sea. [9]
The China Aerospace Science and Technology Corporation (CASC) is a 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,and ground equipment. It also has a division for strategic and tactical missile systems.
The China State Shipbuilding Corporation (CSSC) is a Chinese shipbuilding conglomerate.
Dalian Software Park,also called DLSP,is an industrial zone,created in 1998 in the western suburbs of Dalian City,Liaoning Province,China,where many of the world's large and medium-sized IT-related companies have set up shop to do software development and information services. It is part of Dalian Hi-tech Zone in the broader sense. While American and European companies typically have gone to Bangalore and other cities in India because of the English language capability,Japanese companies have gone to Dalian and other cities in China due to the Japanese language capability.
Since 2018,transport occupied a relatively low priority in China's national development. In the twenty-five years that followed the founding of the People's Republic in 1949,China's transportation network was built into a partially modern but somewhat inefficient system. The drive to modernize the transport system,that began in 1978,required a sharp acceleration in investment. Though despite increased investment and development in the 1980s,the transport sector was strained by the rapid expansion of production and the exchange of goods.
The China Aerospace Science and Industry Corporation (CASIC) is a Chinese state-owned enterprise that designs,develops and manufactures a range of spacecraft,launch vehicles,strategic and tactical missile systems,and ground equipment. CASIC is the largest maker of missiles in China.
China Railway Construction Corporation Limited 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.
Sinochem Corporation is a Chinese state-owned multinational conglomerate primarily engaged in the production and trading of chemicals and fertilizer and exploration and production of oil for civilian and military purposes. Its majority owned fertilizer subsidiary Sinofert is involved throughout the chain from production of the product and procurement on international markets to distribution and retail.
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.
The China State Construction Engineering Corporation is a Chinese state-owned construction company headquartered in Beijing. It the largest construction company in the world by revenue and the 8th largest general contractor in terms of overseas sales,as of 2020. In 2023,the company was ranked 66th in the Forbes Global 2000.
The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned 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
Dalian Shipbuilding Industry Company (DSIC),located in Dalian,Liaoning province,China. It is part of China Shipbuilding Industry Corporation (CSIC),which has since been merged into China State Shipbuilding Corporation to form China's largest shipbuilding company.
Sixth Ministry of Machine-Building of the PRC (中华人民共和国第六机械工业部),one of the central offices in the People's Republic of China,created on Sept. 2,1963,who oversaw the shipbuilding industry.
A state-owned enterpriseof China is a legal entity that undertakes commercial activities on behalf of an owner government.
China Electronics Technology Group Corporation 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.
CRRC Group Corporation,known as CRRC Group,is a Chinese state-owned holding company,direct parent company of CRRC and 32 other subsidiaries;if including second-tier subsidiaries,the holding company is the head of 112 legal entities.
Adora Cruises Limited is a Chinese-American cruise line that was scheduled to begin operation in 2020,but was delayed due to COVID-19 pandemic.
The JARI USV is an uncrewed surface vehicle developed by the China Shipbuilding Industry Corporation (CSIC),specifically between its No. 716 Research Institute,the Jiangsu Automation Research Institute (JARI),and No. 702 Research Institute,China Ship Scientific Research Centre (CSRRC). The uncrewed warship is designed for potential use for the People's Liberation Army Navy and export customers.
The Hangor-class submarines are a class of diesel–electric attack submarines currently being manufactured by a joint-partnership of the China Shipbuilding Industry Corporation (CSIC) and the Karachi Shipyard &Engineering Works (KSEW) for the Pakistan Navy (PN). Eponymously christened after the former-Daphné-class submarines that the PN operated between 1970 and 2006,the class is an export derivative of the Chinese-origin Type 039A/041 attack submarine,currently operated by the People's Liberation Army Navy (PLAN). First unveiled to the public in 2018,the future submarines are envisaged to undertake anti-access/area denial operations within Pakistan's exclusive economic zone,through the use of heavyweight torpedoes and anti-ship cruising missiles.