Civilian-run enterprise
Civilian-run enterprise[1] is a type of company or enterprise to describe non-state-owned enterprise (state-owned enterprise including companies owned by the state, the central and regional government). In other means, privately owned companies is one of the types of civilian-run enterprise. However, there is no proper legal definition of "civilian-run enterprise" in the People's Republic of China. It is considered to a special term in the Economy of China (Minqi (Chinese: 民企; pinyin: Mínqǐ) or Chinese: 民營企業; pinyin: Mínyíng qǐyè).[2] The translation of the term "Minqi" was difficult, as stated by Ye Dong, a Chinese businessman during an interview by the Chinese language version of the Financial Times.[3]
Civilian-run enterprise may be a publicly traded company or its counterpart privately held company (all company that not owned by government nor on the stock exchange) If the company was listed in Hong Kong (and incorporated outside mainland China), they were refer as P chip.[4]
Notable civilian-run enterprises in China
- Fosun International
- Suning Commerce Group (blue chip of Shenzhen Stock Exchange)
- Wanda Group (one of the 2016 Fortune Global 500)
References
- ↑ "温州民营企业集群近似"零外资"现象研究" [A Study of Almost no Foreign Investment in Wenzhou Civilian-Run Enterprise Clusters]. Journal of Zhejiang University (Humanities and Social Sciences). 2005.
- ↑ "民營企業國內融資的方式" [How private enterprises raise finance in mainland China] (PDF) (in Chinese). Shenzhen Licheng Certified Public Accountants. February 2004. Archived from the original (PDF) on 17 October 2006.
- ↑ "叶东:民企的准确翻译是什么?". The Financial Times (in Chinese). 11 November 2010. Retrieved 17 November 2016.
- ↑ "FTSE China P Chip All Cap Index factsheet". FTSE. Retrieved 17 November 2016.