What is the nature of ZTE? Is it state-owned or private?

ZTE is a state-owned private enterprise, with both state-owned shares and private shares. State-owned shares dominate, but private parties enjoy control over enterprises. In nature, ZTE is a state-owned holding company.

State-owned private enterprises refer to new enterprises that reform the management system of state-owned enterprises, realize the separation of ownership and management rights, establish a modern enterprise system, and adhere to state-owned private enterprises. Compared with the original system, this state-owned private enterprise is more suitable for the development of market economy and socialized mass production.

State-owned private enterprises in a broad sense refer to the shareholding system, joint-stock cooperative system, lease contract system and auction of state-owned enterprises. In a narrow sense, state-owned private enterprises refer to individuals, partnerships and collective leasing contracting state-owned enterprises for management.

Extended data:

I. Company Profile

ZTE Corporation, referred to as ZTE for short.

Headquartered at No.55, Science and Technology South Road, Nanshan District, Shenzhen City, Guangdong Province, it was established in 1985. The fourth largest mobile phone manufacturer in the world, listed in Hongkong and Shenzhen, is a listed company of communication equipment in China.

ZTE provides innovative technologies and product solutions for telecom operators in more than 60 countries and regions around the world, and meets the differentiated needs of different operators around the world through all-round wireless, wired, business, terminal products and professional communication services.

Second, the status quo of state-owned enterprises

State-owned enterprises have a certain administrative nature. Due to historical reasons, the classification of state-owned enterprises is quite complicated. For the state-owned enterprises in China, those who invest or hold more than 50% of the state-owned assets are state-owned enterprises.

1978 before the reform and opening up, even until the end of the 20th century, state-owned enterprises have been the object of government support. The establishment of state-owned enterprises, a large part of government tax revenue was invested in state-owned enterprises, which led to the establishment and emergence of a large number of state-owned enterprises. Some state-owned enterprises were transformed from the original government departments, such as China Telecom and China Mobile, which were originally the Ministry of Posts and Telecommunications and changed into telecommunications bureaus.

Later, it was reorganized into China Telecom, China Mobile and other telecom enterprises in the late 1990s and early this century. China's state-owned enterprises are registered according to the Regulations on the Administration of the Registration of Enterprise Legal Persons in People's Republic of China (PRC), and the main body of assets investment is the state-owned assets management department, that is, state-owned enterprises.

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