In the postwar years, Hong Kong's colonial government operated under a laissez-faire economic philosophy called positive non-interventionism. It wholly owns the following corporations unless indicated otherwise:[20], CS1 maint: multiple names: authors list (, Government-owned companies of China Category Page, Government of the Islamic Republic of Afghanistan, Société nationale des véhicules industriels, Société algérienne des ponts et travaux d'arts, Agence nationale pour la promotion et la rationalisation de l’utilisation de l’énergie, Agence algérienne pour le rayonnement culturel, Agence nationale d'études et de suivi de la réalisation des investissements ferroviaires, Administración de Infraestructura Ferroviaria, Administración de Recursos Humanos Ferroviarios, Combustibles Nucleares Argentinos CONUARSA, Compañía Nacional del Mercado Mayorista de Electricidad, Corporación del Mercado Central de Buenos Aires, Emprendimientos Energéticos Binacionales, Empresa de Cargas Aéreas del Atlántico Sud, Radio de la Universidad Nacional del Litoral, Radio y Televisión de la Universidad Nacional de Córdoba, Bangladesh Submarine Cable Company Limited, Bangladesh Steel and Engineering Corporation, North-West Power Generation Company Limited, Electricity Generation Company Bangladesh Limited, West Zone Power Distribution Company Limited, Federale Participatie- en Investeringsmaatschappij, Vlaamse Radio- en Televisieomroeporganisatie, Corporación de las Fuerzas Armadas para el Desarrollo Nacional, Empresa Estatal de Televisión Bolivia TV, Empresa Pública Nacional Estratégica Boliviana de Aviación, Empresa Pública Nacional Estratégica Yacimientos de Litio Bolivianos, Yacimientos Petroliferos Fiscales Bolivianos, Ontario Educational Communications Authority, Caisse de dépôt et placement du Québec, Société de la Place des Arts de Montréal, Société Québécoise des Infrastructures, List of government-owned companies of China, the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, Las Ceibas - Empresas Públicas de Neiva E.S.P. Critics, such as The New York Times, have alleged that China's state-owned companies are a vehicle for corruption by the families of ruling party leaders who have sometimes amassed fortunes while managing them.[11]. According to Raleigh, American companies establish these financial ties with Chinese companies to gain access to China’s massive consumer market of 1.4 billion people. 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. Examples are Life Insurance Corporation of India, Oil and Natural Gas Corporation, Engineers India Limited, India Trade Promotion Organization, GAIL, BSNL, Food Corporation of India, Air India, and Bharat Heavy Electrials Limited (BHEL). The Government of Tanzania owns a number of commercial enterprises in the country via the Treasury Registrar. Analysis of the world’s 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. Ohio, like Texas, also has no restrictions, and nearly half a million acres of prime farmland are held by foreign-owned entities. 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. 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. Privatized provincial Crown corporations include Alberta Government Telephones (which merged with privately owned BC Tel to form Telus), BCRIC, Manitoba Telecom Services, Saskatchewan Oil & Gas Corporation and Potash Corporation of Saskatchewan. Then the feds came, Frozen wind turbines are one culprit in Texas’s power outages, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Some of the most common examples of crown companies in Pakistan are Pakistan State Oil, Sui Norther Gas Pipelines, Pakistan International Airlines, and Pakistan Steel Mills. This list can be considered as non-exhaustive because of lack of space and time. [citation needed] Some of the largest state-owned enterprises have been floated on the Shanghai Stock Exchange and the Shenzhen Stock Exchange, but in actuality, the state maintains total control of these corporations, always holding majority interest and voting rights. The government has tried to avoid having agencies doing commercial activities, by separating out areas that compete with private companies into government-owned companies, for example within road construction. There are many state-owned enterprises in South Korea. After 1949, all business entities in the People's Republic of China were created and owned by the government. While General Motors isn’t entirely owned by a Chinese company, it does rely on its partnership with Shanghai Automotive Industry Corp to keep the money rolling in. Government-owned companies are legally normal companies but mainly or fully national owned. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Former Prime Minister Stephen Harper stated in 2013 that the "government [needs] to exercise its judgement" over SOEs.[10]. For example, China Oceanwide is allegedly a “family-owned” firm. Boeing, Qualcomm and Pfizer are just three US companies that have employed dozens of CCP members in their Chinese facilities, the database reveals. In PRC terminology, a state-owned enterprise refers to a particular corporate form, which is increasingly being replaced by the listed company. As such, its economy was largely state-owned prior to dissolution of that federation. Companies owned by the Ministry of Economy and Finances: State-owned enterprises in Japan are commonly divided into tokushu hōjin (特殊法人, lit. Defaults by government-supported firms in … These companies are owned by the Union Government, or one of the many state or territorial governments, or both. Samsø offshore electricity generation wind farm and district heating plants, Banking for Rural and Urban Productive Development BANECUADOR BP, Electricity Corporation of Ecuador CELEC EP, National Telecommunications Corporation CNT EP (currently on sale), Regional Electric Company Ambato Centro Norte SA EEASA, Electric Company Provincial Cotopaxi SA EEPC, Galápagos Provincial Electric Company EEPG, Southern Regional Electric Company SA EERSSA, Public Media EPMPCE (many medias are behind this entity such as TC Television, Gamavision, Ecuadorian Public Radio and Ecuador TV), Ecuadorian Petroleum Fleet Public Company FLOPEC, Promotion and Mutual Service Corporation for Private Schools of Japan, Japan Alcohol (J.alco) (33.3%; the rest are owned by Japan Alcohol Trading Company/Nihon Alcohol Hanbai KK, a private company), Nippon Automated Cargo Clearance Systems (NACCS) (50.01%), The government is mandated by law to own one-thirds of all, Compania Nationala a Uraniului S.A. (100%), Complexul Energetic Hunedoara S.A. (100%), Complexul Energetic Oltenia S.A. (77.15%), National Company "Bucharest Airports" S.A. (, S.N. In the past, Chinese state-owned listed companies had customarily filed misleading prospectuses ahead of their stock exchange listings, omitting the … Market data provided by Interactive Data. 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. Linked here is table of Chinese companies listed on the NASDAQ, New York Stock Exchange, and NYSE American, the three largest U.S. exchanges. 10 iconic American companies owned by Chinese investors Published Thu, May 11 2017 8:33 AM EDT Updated Thu, May 11 2017 9:17 AM EDT Chris Morris, special to CNBC.com These played an important role in the development of the business and industry in Pakistan, but recently they are considered responsible for fiscal difficulties of the government due to corruption and bad governance. Hence Crown corporations did not play as significant a role in the development of the territory as in many other British territories. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably. FORTUNE may receive compensation for some links to products and services on this website. The public enterprises are subdivided into two categories: individual – with its own assets and capital owned by the Union – and plural companies – whose assets are owned by multiple government agencies and the Union, which have the majority of the voting interest. 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. A series of high-profile defaults involving state-owned enterprises in China led to a bond market selloff last week. As a reminder, a number of major companies, including BMW’s Chinese partner Brilliance Auto Group as well as top smartphone chipmaker Tsinghua Unigroup declared bankruptcy or defaulted on the loans in November. Sociedad Agrícola y Servicios Isla de Pascua Ltda. 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. The Kowloon-Canton Railway, operated under a government department, was corporatised in 1982 to imitate the success of MTR (see Kowloon-Canton Railway Corporation). 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. Banco do Brasil, Petrobras, Sabesp, and Eletrobras are examples of mixed-economy companies. In the Philippines, state-owned enterprises are known as government-owned and controlled corporations (GOCCs). "special legal person") and tokushu gaisha (特殊会社, lit. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. This is a world-wide list of government-owned companies. The Electric Power Development Co., Limited was also state-owned before being privatized. "special company"). SAIC sells companies under the General Motors name, even if customers don’t realize it. CEO Prosecuted, Company Control Seized by The Government The federal government is being urged to conduct a review of Chinese state involvement in Australia’s electricity grid and consider the removal of some equipment amid fears of remote sabotage. © 2020 Fortune Media IP Limited. Auswan Creek is also owned by Chinese company Swan Wine Group, while Max’s Vineyard was bought by firm Jia Yuan Hua Wines for more than $3 million in 2017. Fifteen Chinese government entities (sovereign wealth funds and state-owned enterprises) and government-connected private sectors firms … 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. [1], In 2009, the Government of the Islamic Republic of Afghanistan formed the Afghan Public Protection Force (APPF) as a "state owned enterprise" subordinate to the Ministry of the Interior. But the Chinese may be way ahead of this curve. Brazil State Owned Companies Fact Sheet / Download from the planejamento.gov.br website.[4]. 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]. Caixa Econômica Federal, Correios, Embrapa, BNDES and USP are examples of public enterprises. The other type is government agencies which might also do activities competing with private owned companies. Chinese financial interests have acquired more than $120 billion of assets in the U.S. economy since 2002. The paragraph that follows was paraphrased from a 1996 GAO report which investigated only the 20th-century American experience. The Investment Canada Act governs this area federally. Companies are arranged by the size of their market cap. They can range from the Social Security System (SSS) and the Philippine Coconut Authority with no counterparts in the private sector, to Land Bank of the Philippines, a wholly government-owned bank that competes with private banks. 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. In India, state-owned enterprise is termed a Public Sector Undertaking (PSU) or a Central Public Sector Enterprise (CPSE). Alitalia - Linee Aeree Italiane S.p.A. in a.s. Istituto Poligrafico e Zecca dello Stato S.p.A. Società per lo Sviluppo del Mercato dei Fondi Pensione S.p.A. Category:Government-owned companies of Japan, Qazaqstan Radio and Television Corporation, Seoul Metropolitan Rapid Transit Corporation, Pauls Stradiņš Clinical University Hospital, Latvian Environment, Geology and Meteorology Centre, Libyan Jamahiriya Broadcasting Corporation, Société Nationale de Crédit et d'Investissement, Société Nationale des Chemins de Fer Luxembourgeois, Sistema Público de Radiodifusión del Estado Mexicano, Nederlandse Publieke Omroep (organization), Meteorological Service of New Zealand Limited, List of companies of North Korea § Notable firms, Category:Government-owned companies of Norway, Government-owned and controlled corporation, government-owned and controlled corporations, Philippine Long Distance Telephone Company, Przedsiębiorstwo Komunikacji Samochodowej, Sociedade de Transportes Colectivos do Porto, List of government-owned companies of Sri Lanka, Tanzania Telecommunications Company Limited, Tanzanian and Italian Petroleum Refining Company Limited, National Infrastructure Development Company, Telecommunications Services of Trinidad and Tobago, Entreprise Tunisienne d'Activités Pétrolières, Établissement de la radiodiffusion-télévision tunisienne, Mechanical and Chemical Industry Corporation, List of government-owned companies of the United Arab Emirates, State-owned enterprises of the United Kingdom, State-owned enterprises of the United States, Bank for Investment and Development of Vietnam, Vietnam Posts and Telecommunications Group, "Afghan Public Protection Force-معینیت محافظت عامه", "Faymann Evokes 1931 Austria Creditanstalt Crash on Hypo Alpe", http://www.planejamento.gov.br/secretarias/upload/Arquivos/dest/perfil_empresas_estatais/2014/2015_ano_base_2014.pdf, "Premier Clark announces Jobs and Trade Mission to Asia", "B.C. According to my analysis, all four of our big banks are majority-owned by American investors. Based on the tradition of avoiding "ministerial rule", the government has avoided interfering with the business of the companies, and allowed them to go international. State-owned enterprises such as Vale do Rio Doce, Telebrás, CSN, and Usiminas (most of them mixed-economy companies) were transferred to the private sector as part of this policy. Japan Post was reorganized into Japan Post Group in 2007 as a material step of the postal privatization. The reason is both to avoid unfair competition, and a wish to have market economy instead of plan economy as much as possible. KCR was operationally merged with MTR in 2007. Beginning in the 1990s, the central government of Brazil launched a privatization program inspired by the Washington Consensus. Oh yeah, and the Chinese government may be deciding which assets need to be liquidated. Chinese companies own 1.9 per cent of entitlements, as do US buyers, while British investors own 1.1 per cent. minister says Malaysian investment vindicates province's bets on LNG sector", "Redford’s 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. A string of companies from other countries including Canada and France own 0.5 per cent or less. Both of the companies formed a joint venture in 1998. As it turns out, PCCW is partially owned by China Unicom, a company maintained by the Chinese government. New Zealanders commonly refer to their state-owned enterprises as "SOEs", or as "crown entities". The defining characteristics are that they have a distinct legal form and that they are established to operate in commercial affairs. For example, as of October 2019, China alone has more than 350 individual entries in its Government-owned companies of China Category Page. In Canada, state-owned corporations are referred to as Crown corporations, indicating that an organization is established by law, owned by the sovereign (either in right of Canada or a province), and overseen by parliament and cabinet. It ceased to be wholly owned by the government on November 4, 2015 when the government listed 11% of its holdings on the Tokyo Stock Exchange. Casa de Moneda de Chile|Casa de Moneda de Chile S.A. Cimm (Centro de Investigación Minera y Metalúrgica). [12], Several Kenyan SOEs have been privatized since the 1980s, with mixed results.[13][14]. There are a number of different corporate forms which result in a mixture of public and private capital. Here is where it gets complicated. Quotes delayed at least 15 minutes. A big customer might be the government or a government agency. The Chinese government is increasingly invested in all kinds of Chinese firms, well beyond those owned by the state. The company equity needs to be majority owned by the government to be a PSU. The state of Romania owns a minority stake in: Government-linked corporations play a substantial role in Singapore's domestic economy. [17], Slovenia is an ex-Yugoslavian republic. 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. 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). 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. 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. For example, as of October 2019, China alone has more than 350 individual entries in its Government-owned companies of China Category Page.. RELATED: China bans yet another Aussie product Capercaillie Winery in the NSW Hunter Valley was also bought by foreign owners. 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. Tokushu hōjin are the Japanese equivalent to statutory corporations; tokushu gaisha are kabushiki gaisha owned wholly or majorly by the government. As of November 2011, the top six Singapore-listed GLCs accounted for about 17% of total capitalization of the Singapore Exchange (SGX). They are expected to be funded by their sales. State-owned enterprises are divided into public enterprises (empresa pública) and mixed-economy companies (sociedade de economia mista). Offers may be subject to change without notice. These SOEs, roughly 190 in number, operate in a wide range of economic areas including energy, communication, transport, shipping, trading, and banking & finance. A government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular stockholder. 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  The state still owns many enterprises, such as the banks, which in turn own such businesses as supermarkets and newspapers.[18]. Most of the water owned by foreign companies is used for agriculture (66.5 per cent) and mining (26.3 per cent) However, a vocal outcry has met Chinese companies attempting to buy major Canadian assets. Notable GLCs include Singapore Airlines, SingTel, ST Engineering, and MediaCorp. Today, many of the Chinese brands that are most known around the world—including Alibaba, Tencent, Baidu and Xiaomi, none of which are state-owned—remain too small (in … China’s government is seeking full access to Canada’s economy in free trade talks, a move that could result in Chinese state-owned companies bringing their own employees to … Parastatals in Kenya, partly from a lack of expertise and endemic corruption, have largely inhibited economic development.