China Overseas Property is affiliated to China Overseas Group, and China Overseas Group Co., Ltd. was established in June 1979, and is affiliated to China State Construction Engineering Corporation, which is a central enterprise.
Central enterprises in a broad sense include three categories:
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.
In a narrow sense, central enterprises usually refer to enterprises supervised and managed by the State Council State-owned Assets Supervision and Administration Commission. Compared with some other countries, the scope of SASAC supervision in the State Council, China is relatively narrow.