Suggested Collection | 243 Central Enterprises and 665 Provincial State-owned Enterprises

At present, there are 243 central enterprises of various types in China, including 98 central enterprises listed in the list of central enterprises of the State-owned assets Supervision and Administration Commission of the State Council and 145 central enterprises listed in the list of central enterprises of the Ministry of Finance. The operating income of these central and state-owned enterprises in 2022 is 82.6 trillion, the net profit is 4.32 trillion, and the tax 5.93 trillion is paid. About 33.9 million employees.

01 
Industrial Central Enterprises

The central enterprises listed in the list of central enterprises of the State-owned Assets Supervision and Administration Commission of the State Council are mostly industrial central enterprises, and the small supply is collectively referred to as "industrial central enterprises".

On April 3, Yi Hualu issued an announcement stating that the company received a notice from the actual controller China Hualu Group Co., Ltd. (hereinafter referred to as Hualu Group) that Hualu Group is working with China Electronics Technology Group Co., Ltd. (hereinafter referred to as China Electronics Technology) Planning for reorganization, Hualu Group intends to integrate into China Electronics Technology. After the integration of Hualu Group and China Electronics Technology Group, the number of central enterprises supervised by the State-owned Assets Supervision and Administration Commission of the State Council may be reduced from the current 98 to 97.

What rules are the ranking of the 98 central enterprises managed by the State-owned Assets Supervision and Administration Commission of the State Council based on? Small for the comprehensive speculation of various sources:

Rank 1-53 isVice-ministerial central enterprises.The candidates for the chairman, party committee (party group) secretary, and general manager of the first 53 central enterprises are studied and decided by the Standing Committee of the Political Bureau of the Central Committee. This is the same as the appointment and removal authority of general deputy ministerial-level cadres, so they are considered to be equivalent to deputy ministerial-level cadres.Therefore, the first 53 households are called medium-managed enterprises in media reports, but in central documents, they are generally called some important state-owned backbone enterprises..

The supervision of state-owned enterprises at the vice-ministerial level is the responsibility of the first Bureau of leadership Management of State-owned Enterprises under the State Council (the work Bureau of the Board of Directors) (referred to as "the first Bureau of Enterprise cadres").

Except for the first 53 central enterprises, the legal representatives of the remaining central enterprises (mostly the chairman) must report to the State Council Party Group for approval before taking office.Its supervision is under the responsibility of the Second Bureau of Enterprise Leaders Management of the State-owned Assets Supervision and Administration Commission of the State Council (referred to as the "Second Bureau of Enterprise Management")..

Firms within their respective regulatory sequences are usually ranked by industry, with no subsequent order.For example, in central enterprises at the vice-ministerial level,

The first 1-10 are the central enterprises involved in military industry,They are: China National Nuclear Corporation, China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, China Aviation Industry Corporation, China Shipbuilding Corporation, China North Industries Group, China North Industries Group, China Electronics Technology Corporation, China Aviation Engine Group, China Rongtong Asset Management Group.11-22 for the energy category of central enterprises,Among them, 11-14 are oil-related central enterprises, namely PetroChina, Sinopec, CNOOC and National Petroleum and Natural Gas Pipeline Network Group; 15-22 are two major power grids (China Southern Power Grid, State Grid) and six major power generation groups (Huaneng, Datang, Huadian, Guodian Investment, Three Gorges and National Energy Group);23-27 for communications and electronic information central enterprises,They are: China Telecom, China Unicom, China Mobile, China Satellite Network Group, China Electronic Information Industry Group;28-33 for equipment manufacturing central enterprises,They are: China FAW, Dongfeng Motor, China First Heavy Industry Group, China National Machinery Industry Group, Harbin Electric Group, China Dongfang Electric Group;34-37 is a central enterprise in the mineral asset category,Respectively: Angang, China Baowu, China Mineral Resources Group, China Aluminum Group;38-41 is a central enterprise in the transportation industry,China COSCO Shipping Group, China Aviation Group, China Eastern Airlines and China Southern Airlines Group.42-43 for agriculture-related central enterprises,Including China Sinochem and COFCO. In addition, China Minmetals Group, General Technology Group, China Construction Group, China Grain Reserve Group, China South-to-North Water Diversion Group, SDIC Group, China Merchants Group, China Resources Group, China Tourism Group, and COMAC belong to different industries.

In addition, among these 98 central enterprises, there are 3 central enterprises with finance as their main business approved by the State-owned Assets Supervision and Administration Commission of the State Council, including China Minmetals Corporation. A total of 16 central enterprises with real estate as the main industry.

 

02
Central financial enterprise

The list of central financial enterprises is published by the Ministry of Finance, and there are currently 27. Central financial enterprises are divided into financial enterprises with central management leaders (hereinafter referred to as central financial enterprises) and other central financial enterprises.In other central financial enterprises, in order to implement the relevant system of state-owned financial capital management, the Ministry of Finance, on behalf of the State Council, performs the duties of state-owned financial capital investors, incorporates the management of the operating budget of state-owned enterprises, and is responsible for organizing and implementing annual performance evaluation.

Among them, 15 central financial enterprises,They are China Investment Corporation, three major policy banks (China Development Bank, Export-Import Bank of China, Agricultural Development Bank of China), five major state-owned commercial banks (Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, Bank of Communications), two Financial controlled central enterprises (CITIC Group, Everbright Group) and four major insurance groups (PICC, China Life Insurance, Taiping Insurance, China Export Credit Insurance Group).

12 other central financial enterprises,They are the four major asset management companies (Huarong, Great Wall, Cinda, Dongfang), China Bond, China Agricultural Reinsurance, China Government-Enterprise Cooperation Investment Fund Co., Ltd., National Financing Guarantee Fund Co., Ltd., and National Agricultural Credit Guarantee Union Limited liability company, China Reinsurance (Group) Co., Ltd., China Jianyin Investment Co., Ltd. and China Galaxy Financial Holdings Co., Ltd.

 

03
The State Council authorizes the Ministry of Finance to perform the duties of the investor of the enterprise.

The Ministry of Finance has been authorized by the State Council to perform the role of investor in a total of four enterprises,They are China National Railway Group, China Post Group, China Tobacco Corporation and Beidahuang Agricultural Reclamation Group Co., Ltd.

 

04
A central cultural enterprise authorized by the State Council to perform the duties of an investor by the Ministry of Finance.

There are 114, mainly publishing and media conglomerates.

Complete list, organized as follows:

According to statistics, the current domestic provincial administrative regions have a total 665 provincial state-owned enterprises.

Provincial SOEs usually accumulate the highest quality industrial, financial and "administrative" resources in the region,This is one of the appropriate types of enterprises to carry out supply chain finance.

In terms of industry distribution, provincial state-owned enterprises mainly cover finance, construction, transportation infrastructure investment and construction (highway, rail transit, railway construction), trade transactions (property rights transactions, centralized procurement, etc.), logistics infrastructure (such as airports, ports), mineral resources, forestry resources, high-end manufacturing, etc,Has a wealth of supply chain finance to carry out the scene.

The specific situation is combed as follows:

01 four provinces of mountains and riversOverall lead

The four provinces of mountains and rivers refer to Henan, Hebei, Shandong and Shanxi. These four provinces are also known as vegetable gardens, gas pots, grain jars and mines. Because of the mismatch between various resources and industrial and agricultural resources, netizens mocked themselves as "four provinces of mountains and rivers.

But in the field of supply chain finance,We believe that the state-owned enterprises in these four provinces are in the relatively forefront of the country.Even in terms of policy, franchise establishment, platform construction, product innovation, etc., some practices of the four provinces are far ahead.

According to the list of regulated enterprises disclosed by the local SASAC, there are a total of provincial state-owned enterprises in the four provinces of Shanhe.103home, accounting for about 16% of the country's total. Among them, there are 38 state-owned enterprises in Shandong Province, 18 state-owned enterprises in Shanxi Province, 28 and 19 in Henan Province. The specific list is as follows, the following table Shanxi coking coal should be a state-owned enterprise in Shanxi Province:

Shandong Province is the first province in China to introduce a special support fiscal policy for supply chain finance. The development level of supply chain finance is relatively high. Some state-owned enterprises have set up factoring companies and built supply chain finance platforms.Take Shandong Yiyang Health Industry Development Group Co., Ltd. as an example. Its Lukang Factoring was established in October 2022. In January this year, the "Shandong Health Letter Chain" supply chain financial service platform started bidding, and the bidding has been completed.In addition, state-owned enterprises in Shandong Province, such as Shandong Port, Shandong Expressway, Shandong Iron and Steel, Shandong Energy, etc., have built their own supply chain financial service system in combination with their own situation, and the scale of multiple platforms has exceeded 10 billion.

According to Shangang Yifu news, on December 20, 2022, the annual new transaction scale of Shandong Port Group's supply chain integrated service platform-"Shangang Yifu" platform exceeded 10 billion yuan ahead of schedule,Service port industry chain customers more than 4500, platform service capacity and business level to reproduce a new breakthrough. Since the "Mountain Port Easy Payment" was officially launched in 2019, the annual transaction scale of the platform has continued to rise, from 1 billion yuan in 2019 to 10 billion yuan in 2022, with a cumulative transaction scale of nearly 20 billion yuan. It has become a new infrastructure for the digital development of port industry finance, and has achieved remarkable results in serving customers in the port industry chain. In 2022, the platform successfully docked five bank financial institutions and one external non-bank institution funders, the number of funders rapidly increased to 10, accelerating the diversion of low-cost funds for customers, effectively helping the real economy to flourish. As of December 20, 2022, the platform has realized the "Hong Kong Easy Order" financing of 5.5 billion yuan.

Shandong Iron and Steel has built the fourth independent supply chain financial platform in the steel industry-Shansteel "Shun Xin".The first business of the platform landed in August 2019. As of the end of June 2022, the cumulative transaction scale of the platform after nearly three years of operation of the "Shun Xin" platform has exceeded 10 billion yuan, realizing a leap from 0 to 10 billion yuan. Type development; continuous service industry chain upstream and downstream enterprises, has achieved a cumulative business service scale of 100 billion.

According to Shandong Rongxin news, as of October 27, 2022, Shandong Energy Rongxin platform accounts receivable registration scale exceeded 4.8 billion yuan, online financing scale exceeded 2.5 billion yuan.

Henan Province is the first enterprise to propose the construction of a provincial supply chain financial service platform (supply chain bill platform).In February 2022, Henan Province issued the Henan Province "14th Five-Year" Modern Supply Chain Development Plan (referred to as the "Plan") mentioned in the Henan Province Supply Chain Finance Public Service Platform officially started construction. the planning pointed out that,We should rely on the "Xinyu Chain" to build a provincial supply chain financial public service platform, and promote the unified registration and publicity system with movable property financing,In-depth docking and information sharing of accounts receivable financing service platform, credit system and "credit easy loan" platform, etc., improve the supply chain financial settlement and supervision service system. The plan also pointed out that to rely on the platform to build a provincial supply chain financial bill platform, small for note Henan province supply chain financial public service platform project has completed the procurement bidding, Zhongyuan assets under the Zhongyuan Jinke successfully won the bid.

In addition, state-owned enterprises in Henan Province have set up a number of factoring companies. Henan Water Conservancy Investment Group and Henan Investment Group have also launched "Shuiyi Chain" and Huirong E Chain. Henan Tiejiantou has become a commercial factoring company this year.

In order to promote the digital transformation of the province's supply chain and supply chain finance, Shanxi Province, in conjunction with ShenzhenTrading GroupShanxi Jinshen Trading Company was established.According to the plan, Jinshen Trading co-ordinates the supply chain related work of 18 provincial state-owned enterprises in Shanxi. The company carried out the recruitment work of the supply chain financial service platform in July last year. It is believed that the platform will play a greater role in the future when digital procurement, digital supply chain and digital supply chain finance are fully integrated.

Hebei Province, a number of platforms exceeded 10 billion.Hebei Exchange "Rongxin", as of the first half of 2022, the platform has attracted nearly 2000 enterprises to register and use, with a transaction scale of nearly 10 billion yuan and a financing scale of about 5 billion billion yuan. The project successfully won the "2020 China Supply Chain Finance Application and Innovation" award and was compiled into "2020 China Supply Chain Finance Application and Innovation Cases". As early as June 2018, Hegang Group officially launched the "Hegang Tiexin" platform. As of January 2020, "Hegang Tiexin" has issued 37500 cards with a scale of 31.7 billion yuan and a financing of 23.1 billion yuan.

 

02
Two lakes, two guangdong and one west, with rapid momentum

A total of 5 provinces in the Pearl River Delta and the hinterland of the Pearl River Delta, including Hunan, Hubei, Guangdong, Guangxi and Jiangxi, have established87Provincial state-owned enterprises. Among them, there are 21 in Hunan Province, 18 in Guangdong Province, 19 in Guangxi Province and 19 in Jiangxi Province.

In the past 1-2 years, supply chain finance has developed rapidly in these five provinces.

Jiangxi and Guangdong have made rapid progress in the establishment of supply chain financial franchised institutions, and are the only two regions in China that have established supply chain financial services companies in batches,Among them, Guangdong Province has also established a supply chain financial supervision sandbox pilot, Jiangxi Province since last year, the number of new factoring companies ranked first in the country, and almost all have a state-owned enterprise background.Guangdong Provincial State-owned Enterprises Yuehai GroupActively explore the development of supply chain finance, has set up a franchise, set up a supply chain finance platform.

Hubei and Hunan are rapidly advancing the construction of a supply chain financial platform for provincial enterprises.Since the second half of last year, Hubei ProvinceHubei Trading Investment, Hubei United InvestmentThe supply chain financial services platform has been launched, and the latter has set a goal of 20 billion in 2024. A number of provincial state-owned enterprises in Hunan Province have set up provincial factoring companies.Hunan Construction EngineeringOn-line "Xiang Ticket" platform, Hunan Caixin on-line "Caixin Star Chain Platform".

state-owned enterprises in guangxi province are one step ahead,In 2020, Guangxi Beitou established Beitou Supply Chain Technology Company, and was the first to go online in Guangxi in 2022."Northern Chain Letter"Platform, since then Guangxi trading, Guangxi Beigang have followed up, the former online trading e-letter, the latter plans to set up a commercial fidelity company.

 

03
Northwest 5 Provinces, Shaanxi Leading

The five northwestern provinces are Shaanxi, Gansu, Ningxia, Xinjiang and Qinghai. It is owned by 5 Northwest Provinces.103There are 36 provincial state-owned enterprises in Shaanxi, 31 in Gansu, 19 in Qinghai, 9 in Xinjiang and 8 in Ningxia.

Shaanxi is far ahead of the five northwestern provinces in terms of comprehensive economic strength,Correspondingly, its supply chain finance is also in the first place in the five northwestern provinces. at present,Shaanxi Auto Group's Shaanxi Hande Axle launched Hande E-platform, Shaanxi Coal and Chemical Group launched Shanmei Financial Single Supply Chain Finance Platform, Shaanxi Blower Group launched Chain Easy, Shaanxi Water Group launched Water Easy Platform in December 2022, Shaanxi Auto Holding Group launched Kaxin Platform, and Shaanxi Transportation Holding Group launched Shaanxi Traffic Control Electronic Creditor System on March 23, 2023.

Shaanxi's multiple platforms have reached a scale of tens of billions.August 2021, a supply chain digital service platform with Shaanxi Automobile's characteristics"Card Letter Platform"Successfully launched, to achieve multi-level management of upstream suppliers, to ensure the security of the supply chain system. At the same time, it provides comprehensive services such as supply chain financing, factoring, and small and micro loans to upstream suppliers. As of December 13, 2022, Shaanxi Automobile Supply Chain Digital Service Platform has registered a total of 2400 suppliers, and Card Letter has opened 10 billion yuan to help suppliers quickly realize financing of 4 billion yuan.Since its inception in 2017,Closely around the group's industrial chains and in combination with the actual business needs of member units, Shanmei E-finance supply chain financial management platform will continue to play its role, innovate supply chain financial products, and serve the high-quality development of group member units and their chain-affiliated enterprises. By the end of December 2022, the total scale of factoring financing services provided will be about 20 billion yuan.

The representative of Gansu is Gansu Jiantou,On June 21, 2021, Gansu Construction Investment (Holding) Group Co., Ltd. was approved to establish Hualong Commercial Factoring. Tianjin Local Financial Supervision and Administration Bureau approved the establishment of Hualong Commercial Factoring (Tianjin) Co., Ltd. with a registered capital of 100 million yuan. On May 26, 2021, "Jiantou Bulk" supply chain finance platform-"Guangze Yisheng" was officially launched, on the day of the launch, the platform's first single Guangze Yixin business was successfully opened. The "Guangze Yisheng" platform is a powerful attempt and breakthrough of Gansu Construction Investment's innovative supply chain financial development model, which will promote the improvement of the functions of the "Construction Investment Bulk" e-commerce platform, enhance the influence and competitiveness of the platform, and help Gansu to promote the standardization, standardization and professional development of the supply chain financial industry. On March 18, 2022, Gansu Construction Investment Asset Management Company and Pudong Development Bank Lanzhou Branch held a supply chain financial cooperation signing ceremony, and jointly witnessed the first supply chain financial business carried out by Pudong Development Bank Lanzhou Branch on the "Construction Investment Bulk" e-commerce platform.

Xinjiang, a state-owned enterprise in Xinjiang Province, relies on its blend of Qichen to build a supply chain finance platform,The development of supply chain finance business is representative. Blending Qichen Capital Holdings Co., Ltd. (hereinafter referred to as "Blending Qichen") was established in February 2019. As the main financial business carrier of Xinjiang Communications and Construction Investment, it has professional financial subsidiaries in Beijing, Shanghai, Guangzhou, Qingdao and other places. The business scope involves supply chain finance, financial leasing, private equity funds, asset management, financial consulting and other fields, with a registered capital of 0.3 billion yuan.

In March of the same year, Blending Qichen registered and established Blending Qichen Commercial Factoring (Qingdao) Co., Ltd. in Qingdao, Shandong Province, with a registered capital of 0.3 billion yuan.In early 2020, Blending Qichen launched the supply chain financial services platform, and launched the "Ronge Letter" digital debt voucher products, which rely on information technology and big data technology to carry out online supply chain financial services, for the "transportation" industry chain upstream and downstream, especially small and medium-sized enterprises to provide a full range of financial services.As of the end of April 2022, Blending Qichen Supply Chain Finance has achieved nearly 1,000 online financings, with a business scale exceeding 3.178 billion yuan.

 

04
four cities directly under the central government, with many bright spots

According to the statistics of small supply, the four major municipalities directly under the Central Government of Beijing, Shanghai, Tianjin and Chongqing have a total of provincial regulatory enterprises.14642 in Beijing, 41 in Shanghai, 26 in Tianjin and 37 in Chongqing.

There are many bright spots in supply chain finance in the four municipalities.

On November 30, 2022, Shougang Material Trading Company issued the first "Shougang Beijing Ticket" with a face value of 20 million yuan on Shougang's supply chain financial platform.Since then, Shougang's supply chain finance platform has been officially put into operation, and Shougang has become the first state-owned enterprise in Beijing to issue multi-level supply chain transfer certificates.

It is worth noting that Zhongguancun has launched the first park-type supply chain financial platform in China."Zhongguancun Supply Chain Financial Service Platform" is authorized by the Management Committee of Zhongguancun Science and Technology Park, based on Zhongguancun, with Beijing and national science and technology enterprises as the main service objects, using big data, blockchain and other scientific and technological means, relying on supply chain financial products, A full-chain cloud supply chain financial service system that brings together funders (banks, securities, guarantees, factoring, etc.), core enterprises, upstream suppliers, credit enhancement institutions and other parties. The platform is operated and managed by Beijing Zhongguancun Lingchuang Financial Information Service Co., Ltd., a member of Zhongguancun Development Group. "Zhongguancun Supply Chain Financial Service Platform" is authorized by the Management Committee of Zhongguancun Science and Technology Park, based on Zhongguancun, with Beijing and national science and technology enterprises as the main service objects, using big data, blockchain and other scientific and technological means, relying on supply chain financial products, A full-chain cloud supply chain financial service system that brings together funders (banks, securities, guarantees, factoring, etc.), core enterprises, upstream suppliers, credit enhancement institutions and other parties.The platform is operated and managed by Beijing Zhongguancun Lingchuang Financial Information Service Co., Ltd., a member of Zhongguancun Development Group,Beijing Zhongguancun Lingchuang Financial Information Service Co., Ltd. was established in 2010 with a registered capital of 0.1 billion yuan. It is a public demonstration platform for small and medium-sized enterprises in Beijing.At present, the platform has been on-line Branch Link (digital creditor's rights certificate), guarantee easy payment (guarantee supply chain finance), payment (agent payment), material chain (logistics supply chain finance) and other products.

in march of this year,Shanghai Construction Engineering Group's Shanghai Construction Engineering Electronic Commerce Co., Ltd.The operation of the e-commerce platform officially launched the electronic debt certificate product-"Yingxin", which marks the Shanghai Construction Engineering e-commerce company in the field of data services to open a new chapter, this is Shanghai Construction Engineering's first self-built supply chain financial services platform. The SAIC Group's SAIC Sack supply chain platform, as of June 2022 SAIC Sack supply chain platform issued Sack certificate broke 10 billion yuan. As of March 10, 2023,SAIC Sack Supply Chain Platform Issued Sack Voucher Breaks 30 billion Yuan.

Tianjin, on the other hand, has become a gathering place for commercial factoring in the north because of its policy advantages.

On March 17, 2022, the C- chain financial platform | Chongqing Bank's debt list was launched,The era of digital supply chain finance has been opened. In July of the same year, Chongqing Bank immediately launched the "chain enterprise government loan" online digital credit products.

 

05
Southeast One Emblem and Five Provinces, Balanced Development

Southeast one emblem includes five provinces, including Zhejiang, Fujian, Jiangsu, Hainan and Anhui, totaling107There are 29 provincial state-owned enterprises in Anhui Province, 26 in Jiangsu Province, 16 in Zhejiang, 18 in Fujian and 18 in Hainan.

Anhui Province is the only province in China to issue a document to promote digital debt certificates. Last July,The Anhui Banking and Insurance Regulatory Bureau issued the Guidance on Financial Support for Large and Medium-sized Enterprises to Promote the Development of the Financial Chain of the Industrial Chain.Opinion support:Third-party supply chain financial service platforms such as financial institution supply chain financial service platforms, enterprise supply chain financial service platforms and Chinese enterprise cloud chain are integrated and connected, and electronic creditor's rights certificate products such as "cloud letter (Chinese enterprise cloud chain)" issued through supply chain financial service platforms are promoted to realize split payment of core enterprise creditor's rights and transfer to secondary, tertiary, quaternary or even more suppliers, and to provide multi-level financing convenience for suppliers based on accounts payable of core enterprises.

Anhui Port and Shipping Group, a state-owned enterprise in Anhui Province, initiated the establishment of Anhui Port and Shipping Commercial Factoring Co., Ltd. in 2021, which officially opened on October 29, 2021.The joint venture between Anhui Port Investment Group and Shandong Port Financial Holdings Co., Ltd. is an important measure to implement the strategic cooperation between the Provincial Port and Shipping Group and Shandong Port Group, and it is also the first result of capital cooperation between the two sides. it has laid a solid foundation for both sides to give full play to their respective geographical and resource advantages and continue to carry out practical cooperation in the financial field.Port and shipping factoring construction"Wan-Hong Kong Easy Pay" supply chain finance platform.It is a supply chain financial platform operated by Anhui Port and Shipping Commercial Factoring Company. At present, the main product of the platform, "Hong Kong Easy List", is a digital creditor's rights certificate, which is built by Shandong Steel Port Cloud.

Zhejiang Energy Group 2022 tender supply chain finance platform, at that time, Zheshang Bank won the bid.

 

06
Southwest 4 Provinces, Sichuan Dominates

Southwest four provinces including Sichuan, Yunnan, Guizhou and Tibet, a total70There are 19 provincial state-owned enterprises, including 19 in Sichuan Province, 25 in Guizhou Province, 18 in Yunnan and 8 in Tibet.

The level of supply chain finance in Sichuan Province is the highest among the southwestern provinces.

Sichuan Investment GroupSichuan Investment Cloud Chain has become an influential third-party supply chain finance platform.Chuantou Cloud Chain is based on financial science and technology, comprehensively uses block chain, big data, cloud computing and other scientific and technological technologies, extends various service products such as banking, leasing, factoring, guarantee and so on, and creates a "financial intelligence service platform for matchmaking and auction supply chain" (www.cuohepai.com), which has formed a "portal effect of supply chain financial service". The matchmaking and auction platform has obtained three-level filing records of "national information system security level protection, it has directly connected with CCB, Ping An, CITIC, Huaxia and other banks at the head office level, and has carried out system docking or product cooperation with more than 20 financial institutions such as China Merchants Bank, Ningbo, China Resources, Internet Merchants, Chongqing Fumin, etc. around the industrial supply chain scenario, it provides enterprise confirmation support for all kinds of enterprise customers (Supply chain bills, electronic creditor's rights certificates), Scene Financial Construction (Payment easy, scene pass, supply chain cloud, political mining loan, certificate lease pass.), capital market docking (factoring cloud), FinTech Output (New infrastructure, middleware, etc.), enterprise value-added services (industrial and commercial services, fiscal and taxation services, etc.) five categories of integrated services, through online, digital, platform-based service model to promote the precise allocation and efficient docking of financial resources and industrial end, the practice of inclusive finance, and promote the industrial chain to achieve cost reduction and efficiency. In September 2022, the Sichuan Investment Cloud Chain Platform Model was recommend by the Sichuan Provincial Department of Economic and Information Technology to be selected into the "Case Collection 2022 of Typical Models of Financing and Innovation for Large, Medium and Small Enterprises" organized by the Ministry of Industry and Information Technology in conjunction with the State-owned Assets Supervision and Administration Commission of the State Council and the All-China Federation of Industry and Commerce.

At present, Chuantou Cloud Chain has widely served the energy, electronic information, hospital, and rail transit industry chains such as China Aerospace Science and Technology Corporation, China Electronics Technology Corporation, China National Petroleum Corporation, State Grid, China Southern Power Grid, and Chuantou.As of May 2022, the cumulative supply chain business of the platform exceeded 12 billion yuan, saving financing costs for small and medium-sized enterprises by more than 0.19 billion yuan, effectively revitalizing the high-quality credit of large enterprises.

In July 2019, Chuantou Group initiated the establishment of Sichuan Chuantou Commercial Factoring Co., Ltd. ("Chuantou Factoring"), the establishment of which may play a significant role in helping industrial finance.

In January 2022, Shudao Group Chengyu Company completed the pilot work of supply chain finance.In June of the same year, Shudao Group Chengyu Company held a supply chain finance publicity meeting, the meeting announced: by Chengyu Company independent operation of the supply chain financial services platform "Shu Chain Cloud" officially launched, marking Chengyu Company's supply chain finance development into a new stage, Shu Chain Cloud's products are essentially digital debt certificates. In December 2022, Shudao (Sichuan) Commercial Factoring Co., Ltd. was established. The company is controlled by Shudao Capital with a registered capital of 0.3 billion yuan. In the future, it may become a unified platform for Shudao Group to carry out supply chain finance.

 

07
Northeast plus one Mongolia, few bright spots

The three northeastern provinces have36There are 15 provincial state-owned enterprises in Liaoning Province, 11 in Heilongjiang Province and 10 in Jilin Province. Compared with other provinces, in terms of industry distribution, the three eastern provinces are rich in forestry resources, and the forest industry group is a major feature of provincial state-owned enterprises. In addition, Inner Mongolia has13Provincial state-owned enterprises.

we have noted that in march this year,The project signing ceremony between Tianyi Financial Services Group and Inner Mongolia Xinlian Information Industry Co., Ltd., a wholly-owned subsidiary of Baotou Steel Group, was successfully held.The cooperation between Tianyi Group and Xinlian Company this time is of great significance. The two parties will carry out a strong alliance based on their respective areas of expertise to jointly promote the digital upgrade of Baotou Steel Group. Tianyi Group and Xinlian Company will make every effort to promote the construction of Baotou Iron and Steel Group's supply chain financial platform project to help Baotou Iron and Steel Group complete the industrial digital upgrade in the first half of this year. The two parties will use this cooperation as an opportunity to achieve long-term cooperative development.

 

Central and state-owned enterprises in beijing

1. Central enterprises:

There are 98 state-owned enterprises in China. Because Beijing is the capital, the headquarters in Beijing account for the majority, with 70:

01, China National Nuclear Corporation

02, China Aerospace Science and Technology Corporation Limited

03, China Aerospace Science and Industry Group Co., Ltd.

04, Aviation Industry Corporation of China

05, China Ordnance Industry Group Limited

06, China Ordnance Equipment Group Co., Ltd.

07, China Electronics Technology Group Co., Ltd.

08, China Aviation Engine Group Co., Ltd.

09, China Rongtong Asset Management Group Co., Ltd.

10, China National Petroleum Corporation

11, China Petrochemical Corporation

12, China National Offshore Oil Corporation

13. National Oil and Gas Pipeline Network Group Co., Ltd.

14. State Grid Corporation Limited

15. China Huaneng Group Limited

16, China Datang Corporation Limited

17. China Huadian Corporation Limited

18. State Power Investment Group Co., Ltd.

19. National Energy Investment Group Co., Ltd.

20. China Telecom Group Limited

21, China United Network Communications Group Co., Ltd.

22, China Mobile Communications Group Co., Ltd.

23. China National Machinery Industry Corporation

24. Aluminum Corporation of China Limited

25, China Aviation Group Co., Ltd.

26. COFCO Group Limited

27. China Minmetals Corporation Limited

28, China General Technology (Group) Holding Co., Ltd.

29. China Construction Group Limited

30, China Grain Reserve Management Group Co., Ltd.

31. National Development and Investment Group Limited

32, China Energy Conservation and Environmental Protection Group Co., Ltd.

33, China International Engineering Consulting Co., Ltd.

34, China Chengtong Holding Group Co., Ltd.

35, China Coal Energy Group Co., Ltd.

36, China Coal Science and Industry Group Co., Ltd.

37. China Machinery Research Institute Group Co., Ltd.

38, China Steel Group Co., Ltd.

39, China Steel Research Technology Group Co., Ltd.

40, China National Chemical Engineering Group Co., Ltd

41. China Salt Industry Group Limited

42, China National Building Materials Group Co., Ltd.

43, China Nonferrous Mining Group Co., Ltd.

44. Youyan Technology Group Co., Ltd.

45. Mining and Metallurgy Technology Group Co., Ltd.

46. China International Technology & Intelligence Cooperation Group Limited

47. China Academy of Building Research Co., Ltd.

48, China Railway Group Co., Ltd.

49, China Railway Communication and Signal Group Co., Ltd.

50, China Railway Engineering Group Co., Ltd.

51, China Railway Construction Group Co., Ltd.

52, China Communications Construction Group Co., Ltd.

53. China Agricultural Development Group Limited

54, China Forestry Group Co., Ltd.

55, China National Pharmaceutical Group Co., Ltd.

56, China Poly Group Co., Ltd.

57. China Construction Technology Co., Ltd.

58. General Administration of Metallurgical Geology of China

59. China General Administration of Coal Geology

60. Xinxing Jihua Group Co., Ltd.

61, China Civil Aviation Information Group Co., Ltd.

62, China Aviation Oil Group Co., Ltd.

63, China Aviation Equipment Group Co., Ltd.

64, China Power Construction Group Co., Ltd.

65, China Energy Construction Group Co., Ltd.

66, China Aneng Construction Group Co., Ltd.

67, China National Gold Group Co., Ltd.

68, China Logistics Group Co., Ltd.

69, China Guoxin Holdings Co., Ltd.

70, China Inspection and Certification (Group) Co., Ltd.

2. State-owned enterprises:

State-owned enterprises in Beijing are those managed by the Beijing Municipal Committee for State-owned Assets Management (Beijing SASAC). There are currently 41:

01, Shougang Group Co., Ltd.

02, Beijing Public Transport Holdings (Group) Co., Ltd.

03, Beijing Infrastructure Investment Co., Ltd.

04, Beijing Metro Operation Co., Ltd.

05, Beijing Capital Tourism Group Co., Ltd

06, Beijing Holdings Group Co., Ltd.

07, Beijing Energy Group Co., Ltd.

08, Beijing Capital Venture Group Co., Ltd.

09, Beijing State-owned Assets Management Co., Ltd.

10. Beijing Water Supply Group Co., Ltd.

11. Bank of Beijing Co., Ltd.

12. Huaxia Bank Co., Ltd.

13. Beijing International Trust Company Limited

14. Beijing Rural Commercial Bank Co., Ltd.

15, Beijing Electronics Holdings Co., Ltd.

16, Beijing Automotive Group Limited

17, Beijing Construction Group Co., Ltd.

18, Beijing Urban Construction Group Co., Ltd.

19. Capital Industrial Investment Co., Ltd.

20, Beijing Jingcheng Electromechanical Holding Co., Ltd.

21, Beijing Yiqing Holding Co., Ltd.

22, Beijing Fashion Holdings Co., Ltd.

23, Beijing Chemical Industry Group Co., Ltd

24, China Beijing Tongrentang (Group) Co., Ltd

25, Beijing Jinyu Group Co., Ltd.

26, Beijing Beichen Industrial Group Co., Ltd

27. Beijing Capital Highway Development Group Co., Ltd.

28, Beijing Xianglong Asset Management Co.

29, Beijing Urban Drainage Group Co., Ltd

30, Beijing Environmental Sanitation Engineering Group Co., Ltd.

31, Beijing City Sub-Center Investment and Construction Group Co., Ltd.

32, Beijing Shounong Food Group Co., Ltd.

33, Beijing Architectural Design and Research Institute Co., Ltd

34. Beijing General Supply and Marketing Cooperative

35. Beijing State-owned Capital Operation Management Co.

36. Beijing affordable housing center co., LTD

37, Beijing Water Investment Center

38, Beijing Airlines Co., Ltd.

39, Beijing Financial Holding Group Co., Ltd.

40, Yongding River Basin Investment Co., Ltd.

41, Beijing Capital Development Holdings (Group) Co., Ltd.

 

Shanghai's central and state-owned enterprises

1. Central enterprises:

There are 98 central enterprises in China, but most of them are headquartered in Beijing. The central enterprises in Shanghai refer to the central companies headquartered in Shanghai. The six central enterprises headquartered in Shanghai are:

1, China Shipbuilding Group Co., Ltd.: China Shipbuilding Group Co., Ltd. will still have its headquarters in Beijing after the reorganization of the two ships (China Shipbuilding Industry and China Shipbuilding Heavy Industry) in 2019, and the headquarters will be relocated to Shanghai by the end of 2021;

2, China Baowu Iron and Steel Group Co., Ltd.: Baosteel, the main body of China Baowu Iron and Steel Group Co., Ltd., is in Shanghai, and its headquarters has not changed after the reorganization of WISCO;

3, China Ocean Shipping Group Co., Ltd.: China Ocean Shipping Group Co., Ltd. was reorganized by China Ocean Shipping (Group) Corporation and China Shipping (Group) Corporation in 2016. The original headquarters of the two units were located in Beijing and Shanghai. After the reorganization, the headquarters was located in Shanghai;

4, China Eastern Airlines Group Co., Ltd.: China Eastern Airlines Group Co., Ltd. started in the Shanghai Civil Aviation Management Office and has been headquartered in Shanghai;

5, Commercial Aircraft Corporation of China Limited: Commercial Aircraft Corporation of China Limited was established in Shanghai in 2008, with its headquarters in Shanghai and most of its subsidiaries in Shanghai;

6, China Electric Equipment Group Co., Ltd.: China Electric Equipment Group Co., Ltd. was established in Shanghai in 2021. It was reorganized and integrated by China Xidian Group Co., Ltd., Xuji Group Co., Ltd., Pinggao Group Co., Ltd., and Shandong Electric Group Co., Ltd., with the group headquarters in Shanghai;

2. State-owned enterprises:

Shanghai's state-owned enterprises are those managed by the Shanghai State-owned Assets Management Committee (Shanghai SASAC).

Shanghai SASAC was established on July 16, 1993. After its establishment, it has successively taken over and integrated Shanghai municipal enterprises. After 30 years of development, it currently has 45 subordinate enterprises:

01, Shanghai Pudong Development Bank Co., Ltd.

02, Bank of Shanghai Co., Ltd.

03. Shanghai Rural Commercial Bank Co., Ltd.

04, Guotai Junan Securities Co., Ltd.

05, Haitong Securities Co., Ltd.

06, China Pacific Insurance (Group) Co., Ltd.

07, Shanghai Automotive Group Co., Ltd.

08. Shanghai Electric (Group) Corporation

09, Shanghai Huayi Group Co., Ltd.

10. Shanghai Industrial (Group) Co., Ltd.

11. Shanghai International Port (Group) Co., Ltd.

12. Shenergy (Group) Co., Ltd.

13, Shanghai Construction Group Co., Ltd.

14. Shanghai Yidian (Group) Co., Ltd.

15. Bright Food (Group) Limited

16, Shanghai Tunnel Engineering Co., Ltd.

17. East China Construction Group Co., Ltd.

18, Bailian Group Co., Ltd.

19. Jinjiang International (Group) Limited

20. Donghao Lansheng (Group) Co., Ltd.

21. Shanghai Huahong (Group) Co., Ltd.

22. Orient International (Group) Limited

23, Shanghai Jiaoyun Group Co., Ltd.

24, Yangtze River Economic United Development (Group) Co., Ltd.

25, Shanghai Institute of Building Research (Group) Co., Ltd

26. Shanghai Hengshan (Group) Company

27, Shanghai Research Institute of Chemical Industry Co., Ltd.

28, Shanghai Cable Research Institute Co., Ltd.

29, Shanghai Industrial Automation Instrumentation Research Institute Co., Ltd.

30. Shanghai Supply and Marketing Cooperative

31. Shanghai Production Service Cooperative Association

32, Shanghai International Group Co., Ltd.

33, Shanghai Guosheng (Group) Co., Ltd.

34. Shanghai Airport (Group) Co., Ltd.

35. Shanghai Lingang Economic Development (Group) Co., Ltd.

36. Shanghai Shendi (Group) Co., Ltd.

37. Shanghai Real Estate (Group) Co., Ltd.

38, Shanghai Information Investment Co., Ltd.

39, Shanghai United Property Exchange.

40, Shanghai City Investment (Group) Co., Ltd.

41. Shanghai Shentong Metro Group Co., Ltd.

42. Shanghai Jiushi (Group) Co., Ltd.

43, Greenland Holding Group Co., Ltd.

44, Shanghai Science and Technology Venture Capital (Group) Co., Ltd.

45, Shanghai United Investment Co., Ltd.

 

State-owned enterprises in Tianjin

Tianjin is the largest port city in northern China. Together with Beijing and Shanghai, it has been designated as the three municipalities directly under the Central Government after the founding of New China. Compared with the previous two municipalities directly under the central government, Tianjin has a clear economic gap.

At the end of 2022, the total assets of Tianjin-owned state-owned groups will be 1.91 trillion yuan, which is not only far from 15.1 trillion in Beijing and 10.84 trillion in Shanghai, but also far from the 4.3 trillion of Shenzhen SASAC, which is only 44% of that of Shenzhen.

In the first quarter of 2023, the main business income of state-owned enterprises in Tianjin was 197 billion yuan, which was only equivalent to the sum of the operating income of Shanghai Automotive Group and Pudong Development Bank.

As the first batch of municipalities directly under the central government, the difference in economic volume may be due to being too close to Beijing and being suppressed.

Tianjin sac management of state-owned enterprises:

01, Tianjin Baili Machinery Equipment Group Co., Ltd.

02, Tianjin Bohai Light Industry Investment Group Co., Ltd.

03, Tianjin Textile Group (Holdings) Co., Ltd.

04, Tianjin Bohai Chemical Group Co., Ltd.

05, Tianjin Jinrong Investment Service Group Co., Ltd.

06. Tianjin Products Group Co., Ltd.

07, Tianjin Rail Transit Group Co., Ltd.

08. Tianjin Transportation (Group) Co., Ltd.

09, Tianjin Food Group Co., Ltd.

10. Tianjin Energy Investment Group Co., Ltd.

11, Tianjin TEDA Investment Holdings Co., Ltd.

12. Tianjin Urban Infrastructure Construction Investment Group Co., Ltd.

13. Tianjin Water Group Co., Ltd

14. Tianjin Tourism (Holding) Group Co., Ltd.

15. Tianjin Real Estate Group Co., Ltd

16. Tianjin Port (Group) Co., Ltd

17. Tianjin Quanye Hualian Group Co., Ltd.

18. Northern International Group Limited

19, Tianjin Lihe Import and Export Group Co., Ltd.

20. Tianjin Urban Construction Group Co., Ltd.

21. Tianjin Municipal Construction Group Co., Ltd.

22, Tianjin Public Transport Group (Holdings) Co., Ltd.

23. Bank of Tianjin Co., Ltd.

24. Tianjin Rural Commercial Bank Co., Ltd.

25, Bohai Bank Co., Ltd.

26, Bohai Securities Co., Ltd.

27. Tianjin Binhai Rural Commercial Bank Co., Ltd.

28, Northern International Trust Co., Ltd.

 

State-owned enterprises in chongqing

Chongqing, a famous mountain city and a hometown of delicious food, runs through China and Europe from here. In June 1997, it became China's fourth municipality.

Chongqing has a total area of 82400 square kilometers and a permanent population of 32.1334 million by the end of 2022. Due to historical reasons and Chongqing's important geographical position in the western region, its area is much larger than the other three municipalities directly under the central government. Beijing, the largest of the other three municipalities, has a total area of 16400 square kilometers.

In 2022, Chongqing's GDP will be 2912.903 billion yuan. By the end of 2022, the total assets of enterprises supervised by SASAC will be 3794.5 billion yuan.

There are no central enterprises in Chongqing, and the state-owned enterprises supervised by the SASAC of Chongqing are as follows:

01, Chongqing Design Group Co., Ltd.

02, Chongqing Stock Transfer Center Co., Ltd.

03, Chongqing Xingnong Financing Guarantee Group Co., Ltd.

04, Chongqing Import and Export Financing Guarantee Co., Ltd.

05, Chongqing United Property Exchange Group Co., Ltd.

06. Minsheng Industrial (Group) Co., Ltd.

07, Chongqing Foreign Trade (Group) Co., Ltd.

08, Chongqing International Investment Consulting Group Co., Ltd.

09, Chongqing Agricultural Investment Group Co., Ltd.

10. Chongqing Transportation Holding (Group) Co., Ltd.

11. Digital Chongqing Big Data Application Development Co., Ltd.

12. Chongqing Tourism Investment Group Co., Ltd

13. Chongqing Grain Reserve Management Co., Ltd.

14. Chongqing Grain Group Co., Ltd.

15. Chongqing International Logistics Group Co., Ltd

16. Chongqing Guangyang Island Green Development Co., Ltd

17, Southwest Securities Co., Ltd.

18, Chongqing Yufu Holding Group Co., Ltd.

19. Chongqing Urban Transportation Development Investment (Group) Co., Ltd.

20. Chongqing Real Estate Group Co., Ltd.

21. Chongqing Expressway Group Co., Ltd.

22. Chongqing Urban Construction Investment (Group) Co., Ltd.

23, Chongqing Water Environment Holding Group Co., Ltd.

24, Chongqing Construction Investment Holdings Co., Ltd.

25. Chongqing Energy Investment Group Co., Ltd.

26. Chongqing Electromechanical Holding (Group) Company

27. Chongqing Light Textile Holding (Group) Company

28, Chongqing Chemical Medicine Holdings (Group) Company.

29. Chongqing Iron and Steel (Group) Co., Ltd.

30, Qingling Automobile (Group) Co., Ltd.

31, Chongqing Rural Ten Exchange Co., Ltd.

32, Chongqing Airport Group Co., Ltd.

33, Chongqing Three Gorges Financing Guarantee Group Co., Ltd.

34. Chongqing Water Conservancy Investment (Group) Co., Ltd.

35. Chongqing Three Gorges Bank

36. Bank of Chongqing

37. Chongqing Rural Commercial Bank Co., Ltd.

 

Central and state-owned enterprises in guangdong

Guangdong is the largest province in China in terms of GDP and the vanguard of reform and opening up. There are five state-owned enterprises in the province and 24 state-owned enterprises in the province. Compared with the total GDP 12.9 trillion of Guangdong Province in 2022, this number is not much, which also shows that the strength of Guangdong's private enterprises is very strong.

1. Central enterprises:

01. China General Nuclear Group Co., Ltd.-Headquarters Shenzhen

02. Overseas Chinese Town Group Co., Ltd.-Headquarters in Shenzhen

03. China Electronic Information Industry Group Co., Ltd.-Headquarters Shenzhen

04. China Southern Power Grid Co., Ltd.-Headquarter Guangzhou

05. China Southern Airlines Group Co., Ltd.-Headquarter Guangzhou

 

2. State-owned enterprises:

The State-owned Assets Supervision and Administration Commission of Guangdong Province (SASAC) was formally established on June 26, 2004. After 10 years of operation and integration, the existing subordinate enterprises 24.

The total assets of these 24 enterprises are 11,555.844 billion yuan, belonging to the total owner's equity of the parent company of 3,228.296 billion yuan. It covers many important fields related to the national economy and people's livelihood, such as electric power, logistics, transportation, construction, foreign economy and foreign trade, metal smelting, tourism and hotels. Most of the province's water supply, gas supply and public transportation, more than 90% of airport construction management, more than 80% of expressway construction, and more than 40% of the installed power capacity are undertaken by state-owned enterprises. The positioning of state-owned enterprises is very clear.

01, Guangdong Airport Management Group Company

02, Guangdong Guangye Asset Management Co., Ltd.

03, Guangdong Guanghong Asset Management Co., Ltd.

04, Guangdong Guangsheng Asset Management Co., Ltd.

05. Guangdong Yuedian Group Co., Ltd.

06, Guangdong Provincial Communications Group Co., Ltd.

07, Guangdong Shipping Group Co., Ltd.

08. Guangdong Materials Group Corporation

09, Guangdong Province Commercial Enterprise Group.

10. Guangdong Construction Engineering Group Co., Ltd.

11. Guangdong Xinguang International Group Co., Ltd.

12. Guangdong Guangxin Foreign Trade Group Co., Ltd

13. Guangdong Silk (Group) Company

14, Guangdong Province, Guangdong Travel Group Co., Ltd.

15. Guangdong China Travel Service (Group) Co., Ltd.

16. Guangdong Yuehai Holding Group Co., Ltd.

17. Guangdong Guangyan Group Co., Ltd.

18. Guangdong Hydropower Group Co., Ltd.

19. Guangdong Railway Construction Investment Group Co., Ltd.

20, Guangdong Hengjian Investment Holdings Co., Ltd.

21, Guangdong United Electronic Toll Co., Ltd. Southern United Property Rights Trading Center.

22. Guangdong Nanyue Group Co., Ltd.

23, China Guangdong Nuclear Power Group Co., Ltd.

24, Shenzhen Huaqiang Group Co., Ltd.

 

SOEs in Jiangsu and Zhejiang

Jiangsu Province's GDP in 2022 was 12.29 trillion, ranking second in China after Guangdong Province. Now the gap between the two provinces is very small, 600 billion. Jiangsu may be able to catch up with Guangdong in the next few years and pull him down from the first throne he has been sitting for 33 years.

Zhejiang Province's GDP in 2022 is 7.77 trillion, ranking fourth in China. At present, there is still a big gap between Zhejiang Province and the top two, but the growth rate is faster than that of the two big brothers.

There are no central enterprises in these two provinces. The number of state-owned enterprises is 25 in Jiangsu and 17 in Zhejiang. Not only less than Guangdong, but also much less than Beijing and Shanghai. It also sets off the strong private economy of these two provinces!

1. Jiangsu:

01, Jiangsu Province Guoxin Group Co., Ltd.

02, Jiangsu Transportation Holdings Co., Ltd.

03, Eastern Airport Group Limited.

04, Jiangsu Province Rural Credit Union.

05, Jiangsu Province Soho Holding Group Co., Ltd.

06, China Jiangsu International Economic and Technical Cooperation Group Co., Ltd.

07, Jiangsu Province Overseas Enterprise Group Co., Ltd.

08. Jiangsu Agricultural Reclamation Group Co., Ltd.

09, Xuzhou Mining Group Co., Ltd.

10, Jiangsu Coastal Development Group Co., Ltd.

11, Huatai Securities Co., Ltd.

12, Jiangsu Huihong International Group Co., Ltd.

13. Jiangsu Port Group Co., Ltd.

14. Jiangsu Railway Group Co., Ltd.

15, Jiangsu Environmental Protection Group Co., Ltd.

16. Jiangsu Salt Industry Group Co., Ltd.

17. Jiangsu Grain Group Co., Ltd.

18. Jiangsu High-tech Investment Group

19. Jinling Hotel Group Company

20, Jiangsu Province Huilong Asset Management Co., Ltd.

21. Jiangsu Water Source Co., Ltd.

22, Jiangsu Province Sports Industry Group Co., Ltd.

23. Jiangsu Guojin Capital Operation Group Co.

24. Jiangsu Planning and Design Group Co., Ltd.

25. Jiangsu United Credit Information Co., Ltd.

2. Zhejiang:

01, Zhejiang State-owned Capital Operation Co., Ltd.

02, Property Zhongda Group Co.

03, Zhejiang Construction Investment Group Co., Ltd.

04, Zhejiang Province Mechanical and Electrical Group Co., Ltd.

05, Zhejiang International Trade Group Co., Ltd.

06, Zhejiang Tourism Investment Group Co., Ltd.

07, Hangzhou Iron and Steel Group Co., Ltd.

08, Juhua Group Co., Ltd.

09, Zhejiang Energy Group Co., Ltd.

10. Zhejiang Transportation Investment Group Co., Ltd.

11. Zhejiang Rural Development Group Co., Ltd

12. Zhejiang Airport Group Co., Ltd.

13. Zhejiang Seaport Investment & Operation Group Co., Ltd.

14, Zhejiang Second Light Group Co., Ltd

15, Anbang Guard Group Co., Ltd.

16, Zhejiang University Holding Group Co., Ltd.

17, Zhejiang Property Exchange Co., Ltd.