Civilian-run enterprise[1] is a type of company or enterprise to describe a non-state-owned enterprise (state-owned enterprise including companies owned by the state, the central and regional government) in the People's Republic of China. A privately held company is a type of civilian-run enterprise. However, there is no proper legal definition of "civilian-run enterprise" in China. It is considered to be a special term in the Economy of China (Minqi, Chinese: 民企; pinyin: Mínqǐ) or Chinese: 民营企业; 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]
A civilian-run enterprise may be a publicly traded company or a privately held company (any company that is not owned by a government nor listed on the stock exchange). If the company is listed in Hong Kong (and incorporated outside mainland China), it would be referred to as a P chip.[4]
Notable civilian-run enterprises in China
edit- Fosun International
- Hainan Airlines
- Suning Commerce Group (blue chip of Shenzhen Stock Exchange)
- Wanda Group (one of the 2016 Fortune Global 500)
- Sunac China
- LeEco
References
edit- ^ "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[sic] 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. Archived from the original on 18 November 2016. Retrieved 17 November 2016.