Notable civilian-run enterprises in China
- Fosun International
- Hainan Airlines
- Suning Commerce Group (blue chip of Shenzhen Stock Exchange)
- Wanda Group (one of the 2016 Fortune Global 500)
- Sunac China
- LeEco
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Civilian-run enterprise [1] 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, Chinese :民企; pinyin :Mínqǐ) or Chinese :民营企业; pinyin :Mínyíng qǐyè). [2] 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 . [3]
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. [4]
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The Shenzhen Stock Exchange is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Exchange and the Shanghai Stock Exchange. It is situated in the Futian district of Shenzhen.
Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese financial services holding company whose subsidiaries provide insurance, banking, asset management, financial services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well". It is ranked as China’s 6th largest company.
The People's Insurance Company (Group) of China Limited, known as PICC Group or just PICC, is a Chinese listed insurer. The Chinese Central Government is the controlling shareholder.
Hang Seng China-Affiliated Corporations Index or HSCCI is a stock index of the Stock Exchange of Hong Kong for red chip companies listed on the exchange, which are incorporated outside of mainland China, such as in Bermuda, the Cayman Islands, or Hong Kong, but are majority-owned by the central or regional government of the People's Republic of China.
Beijing Automobile Works Co., Ltd. (BAW) is a Chinese car manufacturer based in Qingdao. It used to be a subsidiary of BAIC Group but was sold to private sector since 2015. BAW started off producing light off-road vehicles and trucks, and nowadays, BAW produces civilian as well as military vehicles.
Hang Seng China Enterprises Index is a stock market index of The Stock Exchange of Hong Kong for H share, red chip, and P chip.
CITIC Guoan Information Industry Co., Ltd. is a Chinese publicly traded company in the computer network infrastructure and information service industries. It includes the construction and operation of cable television networks and satellite information networks, the network system integration, software development and value-added telecommunications services. It was founded in 1997 by its parent company, state-owned enterprise CITIC Guoan Group. It was listed on the Shenzhen Stock Exchange at the same year.
Le.com, known legally as Leshi Internet Information and Technology Corp., Beijing, is a Chinese technology company, and one of the largest online video companies in China. It is headquartered in Chaoyang District, Beijing.
Greenland Holdings Corp., Ltd. known as Greenland Group is a Chinese real estate developer. It was founded as a state-owned enterprise. As of 31 December 2016, the top 10 shareholders of the listed company owned a combined 88% shares, with some state-owned enterprises having invested in Greenland via private equity funds.
China Heilan Group is a China-based garment and textile manufacturing company and consumer-orientated holding group. The group focuses on commercial investments in clothing retail, finance, cultural tourism, energy and commercial real estate. It was founded in 1988 and is headquartered in Jiangyin. In 2020, the group was listed as the fourth largest taxpayer in Wuxi.
Suning Holdings Group Co., Ltd. is a Chinese privately held company. The company shared the same founder Zhang Jindong with the listed company Suning.com, but Suning Holdings was the unlisted portion of Zhang's unincorporated Suning Group. According to All-China Federation of Industry and Commerce, Suning Holdings Group was ranked as the second largest civilian-run enterprise in the Mainland China in 2018.
Rongyu Group Co., Ltd. is a Chinese listed company based in Jilin City, Jilin Province. as at 8 November 2016, the company was a constituent of SZSE 1000 Index but not in SZSE Component Index, making the company was ranked between the 501st to 1,000th by free float adjusted market capitalization.
Baosteel Group Guangdong Shaoguan Iron and Steel Co., Ltd. known as Shaoguan Iron and Steel or SGIS or Shaogang or Shaosteel is a Chinese steel maker.
FTSE China A50 Index is a stock market index by FTSE Group, the components were chosen from Shanghai Stock Exchange and Shenzhen Stock Exchange, which issue A-share; B-share were not included.
Taiyuan Coal Gasification (Group) Co., Ltd. is a Chinese state-owned coal mining conglomerate based in Taiyuan, Shanxi. The company was owned by State-owned Assets Supervision and Administration Commission (SASAC) of Shanxi Provincial People's Government. However, Shanxi SASAC granted fellow state-owned enterprise Jincheng Anthracite Mining Group (JAMG) to manage their stake since 2011.
Shenzhen Overseas Chinese Town Company Limited known as OCT Limited is a publicly traded company based in Shenzhen, China. It is a subsidiary of state-owned Overseas Chinese Town Enterprises.
Jiangsu Shagang Group Huaigang Special Steel Co., Ltd. is a Chinese steel manufacturer based in Huai'an, Jiangsu Province. It was a subsidiary of privately held company Shagang Group via its publicly traded subsidiary Shagang Company for 63.79% stake, from 2010 to 2015. As at 31 December 2013, Huaigang accounted for 99.9% revenue and 97% assets of Shagang Company. However, as at 31 December 2015, Shagang Group owned just 19.88% stake in Shagang Company; in turn Shagang Company owned 63.79% stake of Huaigang. Shagang Group sold 55.12% stake of Shagang Company in 2015, for about CN¥4.6 billion.
Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd. is a Chinese television manufacturer which was a subsidiary of Le.com. In 2017 Sunac China bought a part of Leshi Zhixin's stake, as well as subscription of new shares. Other new investors of the company were Huaxia Life Insurance (1.1310%) and a private equity fund LeRan Investment.
PKU Healthcare Co., Ltd. formerly known as PKU International Healthcare Group Southwest Pharmaceutical Co., Ltd., is a Chinese pharmaceutical company. The major shareholder was PKU Healthcare Group, a subsidiary of PKU Founder Group. PKU Founder Group itself is a subsidiary of Peking University, in turn making the listed company a state-owned enterprise by broader definition.
Huatian Technology is a partially state-owned publicly listed Chinese semiconductor company headquartered in Tianshui, Gansu.