Shanghai Jiushi Group Explained
| Shanghai Jiushi Group |
| Type: | state-owned enterprise |
| Industry: | holding company |
| Founder: | Shanghai Municipal People's Government |
| Former Name: | Shanghai Jiushi Corporation |
| Hq Location City: | Shanghai |
| Hq Location Country: | China |
| Area Served: | Shanghai |
| Revenue Year: | 2015 |
| Income Year: | 2015 |
| Net Income Year: | 2015 |
| Assets Year: | 2015 |
| Equity Year: | 2015 |
| Owner: | Shanghai Government (100%) |
| Parent: | Shanghai SASAC |
| Footnotes: | in a consolidated basis[1] |
| Shanghai Jiushi (Group) Co., Ltd. |
| S: | 上海久事（集团）有限公司 |
| T: | 上海久事（集團）有限公司 |
| P: | Shànghǎi jiǔshì (jítuán) yǒuxiàn gōngsī |
| Also Known As: | Shanghai Jiushi |
| S2: | 上海久事 |
| T2: | 上海久事 |
| P2: | Shànghǎi jiǔshì |
| Altname3: | Jiushi Group |
| S3: | 久事集团 |
| T3: | 久事集團 |
| P3: | jiǔshì jítuán |
| Order: | st |
Shanghai Jiushi (Group) Co., Ltd. is a Chinese state-owned enterprise. It was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Shanghai Municipal People's Government.
Jiushi is the parent of several public transport companies of Shanghai, including the operator of Shanghai Public Transport Card, as well as equity investments in several listed companies based in Shanghai. The company also has a subsidiary that was the organizer of Chinese Grand Prix which was held in Shanghai International Circuit.[2]
History
In 1986, Shanghai Government was allowed to use a maximum of US$3.2 billion foreign currencies through borrowings[3] which was the catalyst of establishing Shanghai Jiushi Corporation . According to the company, the name had the same pronunciation of 94, which was the issue number of the document of the State Council regarding the use of such foreign currencies.[4] The company was incorporated on 12 December 1987 under the Law on Industrial Enterprises Owned by the Whole People . The Company Law of China was legislated in 1993.
Jiushi Group used the fund in Shanghai Metro, as well as other projects such as the renovation of Shanghai Hongqiao Airport.[5]
In 2015 the company was re-incorporated as Shanghai Jiushi (Group) Co., Ltd., under the Company Law of China.[6]
Subsidiaries
[1]
Equity investments
[1]
See also
Notes and References
- Web site: http://www.chinamoney.com.cn/fe/Info/21167410. zh:2015年年度报告. 2015 Annual Report. 29 April 2016. Shanghai Jiushi Group. chinamoney.com.cn. zh-cn.
- Web site: About us. 21 October 2016. Shanghai Jiushi Group. Chinese. 21 October 2016. https://web.archive.org/web/20161021173315/http://www.jiushi.com.cn/about.aspx?id=2. live.
- http://www.gov.cn/zhengce/content/2012-12/31/content_5287.htm. zh:国务院关于上海市扩大利用外资规模的批复. 5 August 1986. 21 October 2016. digital version published on 31 December 2012. 国函. 1986. 94. 中华人民共和国国务院 [State Council of the People's Republic of China]. zh-cn. Beijing. 22 October 2016. https://web.archive.org/web/20161022023423/http://www.gov.cn/zhengce/content/2012-12/31/content_5287.htm. live.
- Web site: http://www.jiushi.com.cn/walkjiushi/jianjie/. zh:集团简介. about us. Shanghai Jiushi Group. zh-cn. 13 November 2018. 14 November 2018. https://web.archive.org/web/20181114060947/http://www.jiushi.com.cn/walkjiushi/jianjie/. live.
- News: http://www.chinanews.com/cj/2018/10-17/8652287.shtml. zh:上海首创扩大利用外资建设城市. 17 October 2018. 新民晚报. chinanews.com. zh-cn. 18 November 2018. 21 April 2021. https://web.archive.org/web/20210421150403/http://www.chinanews.com/cj/2018/10-17/8652287.shtml. live.
- http://www.jiushi.com.cn/newsshow.aspx?classid=&id=393. zh:上海久事（集团）有限公司举行揭牌仪式. 1 December 2015. 21 October 2016. Shanghai Jiushi Group. zh-cn. Shanghai. 22 October 2016. https://web.archive.org/web/20161022024459/http://www.jiushi.com.cn/newsshow.aspx?classid=&id=393. dead.
- Web site: http://www.icsh.sh.cn/html/gysic/55.html. zh:股东单位介绍. 25 October 2016. Shanghai International Circuit. Chinese. 25 October 2016. https://web.archive.org/web/20161025115822/http://www.icsh.sh.cn/html/gysic/55.html. live.
- Book: 2015 Annual Report. 27 April 2016. 20 October 2016. China Pacific Insurance Company. Hong Kong Exchanges and Clearing website. 21 October 2016. https://web.archive.org/web/20161021001327/http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0427/LTN201604271626.pdf. live.
- Book: http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2016-03-29/600018_2015_n.pdf. zh:2015年年度报告. 2015 Annual Report. 29 March 2016. 21 October 2016. Shanghai International Port Group. Shanghai Stock Exchange website. zh-cn. 22 October 2016. https://web.archive.org/web/20161022090307/http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2016-03-29/600018_2015_n.pdf. live.
