Parts of the Japan Railways Group (JR) were formerly owned by the government. The MTR Corporation (MTR) was formed as a Crown corporation, mandated to operate under "prudent commercial principles", in 1975. Sociedad AgrÃcola y Servicios Isla de Pascua Ltda. All Rights Reserved. This is a world-wide list of government-owned companies.This list can be considered as non-exhaustive because of lack of space and time. New Zealanders commonly refer to their state-owned enterprises as "SOEs", or as "crown entities". Examples of present-day statutory bodies include the Airport Authority, responsible for running the Hong Kong International Airport, or the Housing Authority, which provides housing to about half of Hong Kong residents. As a reminder, a number of major companies, including BMWâs Chinese partner Brilliance Auto Group as well as top smartphone chipmaker Tsinghua Unigroup declared bankruptcy or defaulted on the loans in November. FORTUNE may receive compensation for some links to products and services on this website. While General Motors isnât entirely owned by a Chinese company, it does rely on its partnership with Shanghai Automotive Industry Corp to keep the money rolling in. However, some state-owned enterprise were governed by China Investment Corporation (and its domestic arm Central Huijin Investment), as well as under the governance of Ministry of Education for the university-run enterprises, or some financial institutes that were under the governance of the Ministry of Finance. For instance, deals such as the contentious $15.1-billion takeover of Canadian oil and gas company Nexen Inc. in 2013 by state-owned CNOOC Ltd. received widespread media coverage and political resistance. Foreign SOEs are welcome to invest in Canada: in fall 2013, British Columbia[5][6] and Alberta[7][8][9] signed agreements overseas to promote foreign direct investment in Canada. A number of government-owned and controlled corporations, especially those that were seized by the President Ferdinand Marcos during his time as the leader of the Fourth Republic of the Philippines, were given back to the original owners by the end of the 20th and the beginning of the 21st century, including Philippine Airlines (PAL), Philippine Long Distance Telephone Company (PLDT), Philippine National Bank (PNB), and ABS-CBN Corporation. In the late 1980s, the government began to reform the state-owned enterprise, and during the 1990s and 2000s, many mid-sized and small sized state-owned enterprises were privatized and went public. A series of high-profile defaults involving state-owned enterprises in China led to a bond market selloff last week. SAIC sells companies under the General Motors name, even if customers donât realize it. For example, as of October 2019, China alone has more than 350 individual entries in its Government-owned companies of China Category Page. Chinese financial interests have acquired more than $120 billion of assets in the U.S. economy since 2002. Defaults by government-supported firms in ⦠A string of companies from other countries including Canada and France own 0.5 per cent or less. Companies owned by the Ministry of Economy and Finances: State-owned enterprises in Japan are commonly divided into tokushu hÅjin (ç¹æ®æ³äºº, lit. For example, as of October 2019, China alone has more than 350 individual entries in its Government-owned companies of China Category Page.. However, a vocal outcry has met Chinese companies attempting to buy major Canadian assets. Tokushu hÅjin are the Japanese equivalent to statutory corporations; tokushu gaisha are kabushiki gaisha owned wholly or majorly by the government. Hence Crown corporations did not play as significant a role in the development of the territory as in many other British territories. The GAO report did not consider the potential use in the international forum of SOEs as extensions of a nation's foreign policy utensils. "special company"). Powered and implemented by Interactive Data Managed Solutions. All rights reserved. The reason is both to avoid unfair competition, and a wish to have market economy instead of plan economy as much as possible. As of 2011, 35% of business activity and 43% of profits in the People's Republic of China resulted from companies in which the state owned a majority interest. While they may also have public policy objectives, GOCs should be differentiated from other forms of government agencies or state entities established to pursue purely non-financial objectives. A big customer might be the government or a government agency. As of October 2, 2020, there were 217 Chinese companies listed on these U.S. exchanges with a total market capitalization of $2.2 trillion. Caixa Econômica Federal, Correios, Embrapa, BNDES and USP are examples of public enterprises. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Local government councils and similar authorities also set up locally controlled enterprises, such as water-supply companies and "local-authority trading enterprises" (LATEs) as separate corporations or as business units of the councils concerned. Former Prime Minister Stephen Harper stated in 2013 that the "government [needs] to exercise its judgement" over SOEs.[10]. As it turns out, PCCW is partially owned by China Unicom, a company maintained by the Chinese government. By presidential decree, the APPF is mandated to replace all non-diplomatic private security companies by 20 March 2013 to become the sole provider of pay-for-service security contracts within Afghanistan.[2]. In the postwar years, Hong Kong's colonial government operated under a laissez-faire economic philosophy called positive non-interventionism. Both of the companies formed a joint venture in 1998. Most of the water owned by foreign companies is used for agriculture (66.5 per cent) and mining (26.3 per cent) Crown corporations of British Columbia include: Saskatchewan has maintained the largest number of Crown corporations, including: Privatization, or the selling of Crown corporations to private interests, has become common throughout Canada over the past 30 years. This is a world-wide list of government-owned companies. The Chinese government is increasingly invested in all kinds of Chinese firms, well beyond those owned by the state. Analysis of the worldâs top VPN services conducted by the privacy and security research firm VPNpro revealed that the top 97 VPN services are owned by only 23 parent companies.. Of those parent companies, six are based in China, and information on these companies is often hidden to consumers, according to VPNpro. These GLCs are partially or fully owned by a state-owned investment company, Temasek Holdings. Government-owned companies are legally normal companies but mainly or fully national owned. Oh yeah, and the Chinese government may be deciding which assets need to be liquidated. SonicSpike shares a report from Computer Weekly: Almost a third (30%) of the world's top virtual private network (VPN) providers are secretly owned by six Chinese companies, according to a study by privacy and security research firm VPNpro.The study shows that the top 97 VPNs are run by just 23 parent companies, many of which are based in countries with lax privacy laws. The paragraph that follows was paraphrased from a 1996 GAO report which investigated only ⦠Boeing, Qualcomm and Pfizer are just three US companies that have employed dozens of CCP members in their Chinese facilities, the database reveals. These SOEs, roughly 190 in number, operate in a wide range of economic areas including energy, communication, transport, shipping, trading, and banking & finance. Brazil State Owned Companies Fact Sheet / Download from the planejamento.gov.br website.[4]. The paragraph that follows was paraphrased from a 1996 GAO report which investigated only the 20th-century American experience. Empresa de Telecomunicaciones de Cuba S.A. Société Nationale Petrolière Gabonaise, List of public sector undertakings in India, Iraqi Telecommunications and Post Company, State-sponsored bodies of the Republic of Ireland, Israel Aerospace Industries Tamam Division. Chinaâs government is seeking full access to Canadaâs economy in free trade talks, a move that could result in Chinese state-owned companies bringing their own employees to ⦠Fifteen Chinese government entities (sovereign wealth funds and state-owned enterprises) and government-connected private sectors firms ⦠There are two types. A stock market nightmare scenario: The S&P 500 could return 0% through early 2028 if interest rates rise, A crypto kid had a $23,000-a-month condo. The federal government is being urged to conduct a review of Chinese state involvement in Australiaâs electricity grid and consider the removal of some equipment amid fears of remote sabotage. State-owned enterprises are divided into public enterprises (empresa pública) and mixed-economy companies (sociedade de economia mista). Notable GLCs include Singapore Airlines, SingTel, ST Engineering, and MediaCorp. Government-owned businesses designated as crown entities include: New Zealand's state-owned enterprises have included: State-owned enterprises which have undergone privatisation and subsequent renationalisation: Pakistan has a large list of government owned companies called State owned entities (SOEs). They usually are funded by tax money but can also sell services. The defining characteristics are that they have a distinct legal form and that they are established to operate in commercial affairs. minister says Malaysian investment vindicates province's bets on LNG sector", "Redfordâs trip to China highlights petrochemical potential", "Alberta Premier Alison Redford says China's investors want more details on rules", "CHINA: Canada's Alberta province signs framework agreement to expand energy ties amid waning Chinese interest", "Foreign investment doesn't need 'absolute clarity: Harper", "China's Grip on Economy Will Test New Leaders", "Conflicting Information Over Kenya Airways' Layoffs", "Kordia sells Orcon to private investors", PRIVATISATION DEBATE SHOULD BE RIGOROUS | Roger Kerr, New Zealand Business Roundtable Executive Director, "2012 Investment Climate Statement - Singapore", "Saved a state bailout, Slovenes question hefty banking bill", "Revamped Airbus lives up to the European dream", https://en.wikipedia.org/w/index.php?title=List_of_government-owned_companies&oldid=1006111660, Short description is different from Wikidata, Articles with unsourced statements from January 2017, Articles containing Japanese-language text, Articles with Portuguese-language sources (pt), Creative Commons Attribution-ShareAlike License, 100% of Finanzmarkt Beteiligungs AG (FIMBAG), Empresa Boliviana de Alimentos y Derivados, Empresa Boliviana de Industrialización de Hidrocarburos, Empresa de Apoyo a la Producción de Alimentos, Empresa Estratégica Boliviana de Construcción y Conservación de Infraestructura Civil, Empresa Estratégica de Producción de Abonos y Fertilizantes, Empresa Estratégica de Producción de Semillas, Empresa Pública Nacional Estratégica Depositos Aduaneros Bolivianos, Empresa Pública Productiva Cartones de Bolivia, Empresa Pública Productiva Cementos de Bolivia, Empresa Pública Productiva Envases de Vidrio de Bolivia, Empresa Pública Productiva Papeles de Bolivia.
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