So, which is the highest level of central enterprises?
The existing central enterprises in China are mainly divided into three categories, one is enterprises managed by SASAC in the State Council, the other is central financial enterprises, and the third is enterprises managed by other ministries. The total number of enterprises is around 127. Among them, there are 96 enterprises managed by SASAC, 26 central financial enterprises and 5 enterprises managed by other ministries and commissions. Its ranking order should be:
1, ministerial-level central enterprises (suspected 1) are generally directly managed by the State Council. Before 2008, China Development Bank, China Investment Co., Ltd., CITIC Group and the later established National Railway Group Corporation should all be ministerial-level enterprises. Later, due to institutional reform and other reasons, CDB, CITIC Group and CIC were successively downgraded to vice-ministerial-level central enterprises. Now, the only one that may still retain ministerial-level specifications is National Railway Group Co., Ltd., which is also the politically ranked enterprise among more than 100 central enterprises. Therefore, even if it is not a ministerial-level specification, China Railway should be a well-deserved leader of central enterprises in terms of political ranking, scale and role. .
2. Vice-ministerial central enterprises (7 1), among which there are 5 1 entities managed by the State Council SAAC. The list is clearly shown in the directory of central enterprises published on the SAAC website. From China National Nuclear Corporation, which ranks first, to China Commercial Aircraft Co., Ltd., which ranks 5 1, they are all central enterprises at the deputy ministerial level. These include China Aerospace Science and Technology Group, China Aerospace Science and Industry Group, China Ordnance Industry Group, China Electronics Technology Group, PetroChina, Sinopec, CNOOC, State Grid, China Southern Power Grid, Datang Group, Three Gorges Group, China Telecom, China Unicom, China Mobile, FAW, Dongfeng Motor, Angang, Baowu Iron and Steel, China Eastern Airlines, China Southern Airlines, COFCO, China Construction, China Merchants and China Resources.
Central financial enterprises 15, such as CDB, Agricultural Bank of China, Export-Import Bank, Agricultural Development Bank, ICBC, Bank of China, China Construction Bank, Bank of Communications, PICC, China Life Insurance, Pacific Insurance, CITIC Group, China Everbright Group and CIC, are all financial enterprises at the deputy ministerial level.
Five enterprises managed by other ministries and commissions, such as Tobacco Corporation, China Post Group, China Publishing Group and China Aviation Academy, including the newly established Bauhinia Culture Group Co., Ltd., are all vice-ministerial enterprises.
3. There are 45 central enterprises managed by the State Council State-owned Assets Supervision and Administration Commission (SASAC), that is, enterprises ranked 52-96 in the list of central enterprises, such as sinosteel, China Coal Energy Group, China National Salt Group, China Nonferrous Mining Group, CRRC Group, China Forestry Group and China Pharmaceutical Group. In addition, there are Huarong Asset Management, Great Wall Asset Management, Dongfang Asset Management, Cinda Asset Management and other 13 financial enterprises and enterprises managed by other ministries and commissions.
There are six levels of central enterprises in China, from vice ministries to ministerial level. Among these six levels, the highest level is ministerial level, while there are only three central enterprises in China, namely China CITIC Group, China Railway and China Investment Corporation.
1. CITIC Group: Founded in 1979, with a registered capital of HK$ 8.8 trillion, it is a ministerial-level central enterprise. At present, the main business includes financial and industrial services. In 2020, CITIC Group ranked 16 in the list of the top 500 service industries in China.
2. China Railway: Its predecessor, China Railway Corporation, was established in 20 13 with a registered capital of10.7 trillion.
3. China Investment Corporation: Established in 2007, it is one of the largest sovereign wealth funds in the world.
According to property rights and control subjects, central enterprises can be roughly divided into three categories: industrial central enterprises, financial central enterprises and central enterprises managed by other departments.
Industrial central enterprises: there are mainly enterprises 102, commonly known as central enterprises, in which the State Council SASAC performs the responsibilities of investors on behalf of SASAC. Mainly including: China nuclear industry, China nuclear engineering construction, China aerospace science and technology, China aerospace science and technology, China aviation industry, China shipbuilding industry, CSIC, China weaponry industry, China weaponry, PetroChina, Sinopec, CNOOC, State Grid, China Southern Power Grid, Huaneng Group, Datang Group, Three Gorges Project, Shenhua Group, China Telecom, China Mobile, China Zhongyi, China Commercial Aircraft, etc. The candidates for the chairman, party secretary and general manager of the above-mentioned enterprises are decided by the Standing Committee of the Political Bureau (PSC), which has the same appointment and removal rights as ordinary deputy ministerial cadres, so they are considered to be equivalent to deputy ministerial cadres.
Central financial enterprises: 27 central financial, insurance and securities enterprises, mainly entrusted by the Ministry of Finance (or Huijin Company), perform investor duties on behalf of the State Council. Mainly include: China Investment Corporation, China Development Bank, The Export-Import Bank of China, the five major banks for establishing diplomatic relations between workers and peasants, CITIC Group, China Everbright Group, China PICC and China Life Insurance.
Central enterprises managed by other ministries: China Publishing, China Tobacco, China Post, etc.
Central enterprises with higher level (not ranked):
1. China National Nuclear Corporation
2. China Nuclear Industry Construction Group Corporation
3. China Aerospace Science and Technology Corporation
4. China Aerospace Science and Industry Corporation
5. aviation industry corporation of china
6. China State Shipbuilding Corporation
7. China Shipbuilding Industry Corporation
8. China Ordnance Industry Group Corporation
9. China Ordnance Equipment Group Corporation
10. China Electronics Technology Group Corporation
1 1. China Aviation Engine Group Co., Ltd.
12. China oil and gas group company
13. China Petrochemical Group
14. China Offshore Oil Corporation
15. State Grid Corporation of China
16. China Southern Power Grid Corporation
17. China Huaneng Group
18. China Datang Corporation
19. china huadian corporation
20. China Guodian Corporation
2 1. State Power Investment Corporation
22. China Three Gorges Corporation
Shenhua Group Co., Ltd.
24. China Telecom Group Company
25 China United Network Communications Group Co., Ltd.
26. China Mobile Communications Group Corporation
27. China Electronic Information Industry Group Co., Ltd.
28. China FAW Group Corporation
29. Dongfeng Motor Corporation
30. China No.1 Heavy Machinery Group Company
3 1. China machinery industry group co., ltd.
32. Harbin Electric Group Company
33. China Dongfang Electric Group Co., Ltd.
34. Angang Group Corporation
35. China Baowu Iron and Steel Group Co., Ltd..
36. China Aluminum Company
37 China Ocean Shipping Group Co., Ltd.
38. China Airlines Group Company
39. China Eastern Airlines Group Company
40. China Southern Airlines Group Company
4 1. China Sinochem Corporation
42. COFCO Corporation Limited
43. China Minmetals Corporation
44. China General Technology (Group) Holdings Limited
45. China State Construction Engineering Corporation
46 China Grain Reserve Management Corporation
47. National Development and Investment Corporation
48. China Merchants Group Limited
49. China Resources (Group) Limited
50. China Tourism Group Company [Hongkong China Travel Agency (Group) Co., Ltd.]
5 1. China Commercial Aircraft Corporation
China's central enterprises occupy a leading position in domestic industrial production and fiscal revenue, and also play a leading role in domestic large-scale project construction. It can be said that the annual fiscal revenue of these central enterprises can account for about 5% of GDP, so young people are scrambling to enter central enterprises when they are employed. Which is the highest-ranking central enterprise in China?
Looking at all the central enterprises in China, there are not a few, and there are only a few with the highest level. The highest level is first and foremost a ministerial-level central enterprise, and of course it is the highest level.
There are three ministerial-level state-owned enterprises, namely China State Railway Group Co.,Ltd., CITIC Group and China Investment Corporation. Let me introduce China State Railway Group Co.,Ltd. first. The predecessor of this unit is China Railway Corporation, which undertakes railway passenger and freight transportation and has jurisdiction over 18 Railway Bureau. These railway bureaus are also responsible for the national railway construction, and the registered capital alone is as high as10.7 trillion RMB, which is significantly higher than other central enterprises in China. This is an indisputable fact.
The strength of CITIC Group in China is second only to that of China Railway, but they are also ministerial-level central enterprises. They are wholly-owned enterprises in China, and their business scope covers finance and industry. , involving banking, trust, securities and other financial businesses, can be said to be a big shot in the domestic financial sector.
In addition, CIC is a state-owned financial holding group, with a registered capital of 1.55 trillion RMB and abundant wealth. The group also belongs to ministerial treatment. The strength of central enterprises in the above three countries is very strong, which cannot be surpassed by other central enterprises in China. Therefore, these three central enterprises should belong to the ministerial level, and they are also the highest-ranking central enterprises in China.
In addition, there are more than a dozen deputy ministerial-level central enterprises, namely China Tobacco Company, China Merchants Group, China Resources, China Machinery Industry Group, State Grid, CNOOC, Sinopec, PetroChina, CSIC, China Aerospace Science and Technology, and China Aerospace Science and Technology.