State-owned Enterprise

Industrial and Commercial Bank of China was established on 1 January 1984. On 28 October 2005, the Bank was wholly restructured to a joint-stock limited company. On 27 October 2006, the Bank was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. ICBC History (1984-2014) After the Third Plenary Session of the 11th Central Committee of the Communist Party of China was held in December 1978, the financial system reform in China started to speed up. As various financial institutions were re-established and the demand for financial services was diversified, in order to address the contradiction of the People’s Bank of China (“PBC”) for both serving as the monetary policy maker & financial regulator and getting engaged in specific business operation, in September 1983, the State Council officially decided that the PBC would only play the role as the central bank and a new Industrial and Commercial Bank of China would be established to undertake the industrial and commercial credit and savings business previously handled by the PBC. After intensive preparation, on January 1, 1984, Industrial and Commercial Bank of China (ICBC) was officially incorporated, symbolizing the finial setup of the national specialized bank…

Founded in 1982, China State Construction Engineering Corporation (hereinafter "China State Construction" and "CSCEC") is now a global investment and construction group featuring professional development and market-oriented operation. China State Construction carries out business management through its public company - China State Construction Engineering Corporation Ltd. (stock code 601668.SH), and has eight listed companies and more than 100 subsidiaries. In 2021, China State Construction saw its new contract value hit 3.53 trillion yuan, with a year-on-year increase of 10.3%. China State Construction's total operating revenue was 1.89 trillion yuan, with a year-on-year increase of 17.1%. The net profit attributable to the shareholders of the listed company was 51.41 billion yuan, with a year-on-year increase of 14.4%. Earnings per share was 1.25 yuan, with a year-on-year increase of 16.8%. China State Construction is an enterprise in the global construction industry with newly signed contract value and operating revenue both reaching 1 trillion yuan. China State Construction has moved up to No. 9 on the 2022 Fortune Global 500 list, No. 3 on the list of China's top 500 companies, and topped Engineering News Record's (ENR) Top 250 Global Contractors list. The company also received the highest credit rating in the global…

China Petrochemical Corporation (the Company) was established in July 1998 on the basis of the former China Petrochemical Corporation, a move by the central government to strategically restructure the petroleum and petrochemical industry. It was further incorporated as a limited liability corporation in August 2018. A super large petroleum and petrochemical group, the Company has a registered capital of 326.5 billion yuan with the chairman of the board of Sinopec Group serving as its legal representative. Headquartered in Beijing, it exercises the investor’s rights to the related state assets owned by its full subsidiaries, controlled companies and share-holding companies, including receiving returns on assets, making major decisions and appointing managers. It operates, manages and supervises state assets according to related laws, and shoulders the corresponding responsibility of maintaining and increasing the value of state assets. Principal businesses of the Company include industrial investment and investment management; petroleum and natural gas exploration, production, storage and transportation (including pipeline transportation), sales and comprehensive utilization; coal production, sales, storage and transportation; oil refining; storage, transportation, wholesale and retail of oil products; production, sales, storage, transportation of petrochemical products, gas-based chemicals, coal chemical products and other chemical products; production, sales, storage and transportation of…

China National Petroleum Corporation (CNPC) is an integrated international energy company. Based in China, we have oil and gas assets and interests in more than 30 countries in Africa, Central Asia-Russia, America, the Middle East, Asia-Pacific, and other regions. CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction, with businesses covering oil, gas & new energies, refining, chemicals, marketing & new materials, support & services, as well as capital & finance etc. Crude output: 105 million tons per year in China Natural gas output: 145.5 billion cubic meters per year in China Crude runs: 164.9 million tons per year in China Domestic service stations: 22,655 (Note: Data as of December 31, 2022) History The predecessor of CNPC was the Ministry of Petroleum Industry of the People's Republic of China, which was founded in July 1955, supervising the exploration and development of oil and gas resources in China. China National Petroleum Corporation China National Petroleum Corporation was established on September 17, 1988 on the basis of the Ministry of Petroleum Industry, mainly in charge of oil and gas upstream operations. China…

Taking investment, construction and operation of power grids as its core business, State Grid Corporation of China (State Grid) is a state-owned enterprise founded on Dec. 29, 2002. As the world’s largest utility it is crucial to China's energy security and economic lifeline. For more than two decades, State Grid has recorded the world’s longest hours of safe operation of its super large grid and integrated the largest amount of renewables with the strongest power transmission capacity. References: Welcome to State Grid Corporation of China (sgcc.com.cn) Last update: Dec 13th 2023