A state-owned enterprise (SOE) is a government entity which is established or nationalised by a national or provincial government, by an executive order or an act of legislation, in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price, implement government policies, and/or to deliver products & services to the remote locations of the country. The national government or provincial government has majority ownership over these state owned enterprises. These state owned enterprises are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals and developmental objectives, SOEs are government entities established to pursue financial objectives and developmental goals.
The Ministry of Finance of the People's Republic of China is the constituent department of the State Council of the People's Republic of China which administers macroeconomic policies and the annual budget. It also handles fiscal policy, economic regulations and government expenditure for the state.
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Chinese Communist Party (CCP) in 1992 to describe the goal of China's economic reforms.
China Development Bank is a development bank in the People's Republic of China, led by a governor-level cabinet minister, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government's economic development policies.
Central Huijin Investment Co., Ltd. is a Chinese sovereign fund formerly owned by the government of the People's Republic of China. Established in 2003, five years later it became a wholly-owned subsidiary of China Investment Corporation, with its own Board of Directors and Board of Supervisors. Central Huijin's principal shareholder rights are exercised on behalf of the State Council. Central Huijin is an organization by which the Chinese government can act as a shareholder for the "big four" state-owned banks, thereby improving corporate governance and initiating reforms of the banking industry.
United States sanctions are financial and trade restrictions imposed against individuals, entities, and jurisdictions that violate U.S. foreign policy or national security goals. Financial sanctions are primarily administered by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), while export controls are primarily administered by the U.S. Department of Commerce's Bureau of Industry and Security (BIS).
The China Aerospace Science and Technology Corporation, or CASC, is the 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, strategic and tactical missile systems, and ground equipment.
Go Out policy is the People's Republic of China's current strategy to encourage its enterprises to invest overseas. The policy was announced by Jiang Zemin in March 2000.
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.
The foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency. As of January 2024, China's foreign exchange reserves totaled US$3.22 trillion, which is the highest foreign exchange reserves of any country.
China Investment Corporation is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management, a number that grew to US$1,200 billion in 2021 and US$1,350 billion in 2023.
National champions are corporations which are technically private businesses but due to governmental policy are ceded a dominant position in a national economy. In this system, these large organizations are expected not only to seek profit but also to "advance the interests of the nation"; the government sets policies which favor these organizations. The policy is practiced by many governments, in some sectors more than others, but by giving an unfair advantage against market competition, the policy promotes economic nationalism domestically and global pre-eminence abroad contrary to the free market. The policy also deters or prevents venture capitalism.
China has an upper middle income, developing, mixed, socialist market economy incorporating industrial policies and strategic five-year plans. It is the world's second largest economy by nominal GDP, behind the United States, and the world's largest economy since 2016 when measured by purchasing power parity (PPP). Due to a volatile currency exchange rate, China's GDP as measured in dollars fluctuates sharply. China accounted for 19% of the global economy in 2022 in PPP terms, and around 18% in nominal terms in 2022. Historically, China was one of the world's foremost economic powers for most of the two millennia from the 1st until the 19th century. The economy consists of public sector enterprises, state-owned enterprises (SOEs) and mixed-ownership enterprises, as well as a large domestic private sector and openness to foreign businesses in their system. Private investment and exports are the main drivers of economic growth in China, but the Chinese government has also emphasized domestic consumption.
China Energy Conservation and Environmental Protection Group Corporation formerly known as China Energy Conservation Investment Corporation (CECIC) is a Beijing-based state-owned enterprise established in 1988 by the State Council of the People's Republic of China. Its investment portfolio is committed to promoting energy-saving and environmental protection technologies and projects.
Tianjin Climate Exchange (TCX) is a domestic carbon market cap-and-trade scheme exchange. Jeff Huang is assistant chairman of Tianjin Climate Exchange and vice-president of Chicago Climate Exchange.
State Development and Investment Corporation (SDIC) (国家开发投资公司) is the largest state-owned investment holding company in China. It was established on 5 May 1995. SDIC's industrial investment mainly goes to power generation, coal mining, ports and shipping, chemical fertilizer production, and other infrastructure or resource-oriented fields as well as high-tech projects.
Television in Venezuela began in 1952, when the president Marcos Pérez Jiménez launched the state channel Televisora Nacional, making Venezuela the ninth country in the world to have a public television network. By 1963, a quarter of Venezuelan households had television; a figure rising to 45% by 1969 and 85% by 1982. Telenovelas are popular in Venezuela, and some Venezuelan productions are distributed internationally. Perhaps the best known television show internationally was President Hugo Chávez' weekly talk show Aló Presidente, which began in 1999 and ended in 2012. The government also makes regular use of cadenas.
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.
Tianjin Pipe (Group) Corporation Limited known as Tianjin Pipe or its abbreviation TPCO, is the largest stemless steel pipe maker of China as well as one of the largest in the world.
China Hi-Tech Group Corporation, Ltd. (CHTC) is a Chinese conglomerate company. The company is owned by the Chinese Central Government via State-owned Assets Supervision and Administration Commission of the State Council (SASAC). The company main focus is on the textile industry. In June 2017, CHTC became a wholly owned subsidiary of Sinomach, another SASAC company, through a restructuring, as part of a plan to reduce the number of SASAC directly-controlled companies.
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