A central enterprise refers to a wholly state-owned or state-owned holding enterprise directly managed by the Central People's Government (the State Council) or entrusted by the state-owned assets supervision and administration institution to exercise the investor's responsibilities, and the leading group is entrusted by the Central Organization Department, the State-owned Assets Supervision and Administration Commission or other central ministries (associations). Up to now, there are three main categories of central enterprises:
First of all, the enterprises managed by SASAC the State Council are divided into those that provide public goods, such as military industry and telecommunications. Providing natural monopoly products, such as oil; Provide competitive products, such as general industry, construction and trade.
Second, the enterprises managed by China Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Commission belong to the financial industry, such as the five major state-owned banks (China Construction Bank, Agricultural Bank, China Bank, Bank of Communications and Industrial and Commercial Bank), The Export-Import Bank of China, China Agricultural Development Bank and China Development Bank.
Third, enterprises managed by other departments or mass organizations in the State Council belong to tobacco, gold, railway passenger and freight transportation, ports, airports, radio and television, culture, publishing and other industries.