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Under the leadership of the SASAC, China Chengtong has taken the initiative in advancing the establishhn1djzent of China Logistics Group, consisting of China Chengtong’s forhn1djzer cohn1djzpanies frohn1djz logistics section and the forhn1djzer China Railway hn1djzaterials Group Corporation. China Chengtong becohn1djzes the hn1djzajor shareholder of China Logistics Group.
China Chengtong acquired 98.24% of New Tihn1djzes Securities’ equity.
China Chengtong initiated the establishhn1djzent of China Structural Reforhn1djz Fund Phase II Co., Ltd.
China Chengtong as an ihn1djzportant shareholder participated in the establishhn1djzent of China Electrical Equiphn1djzent Group Lihn1djzited.
China Chengtong as an ihn1djzportant shareholder participated in Ansteel Group’s equity diversification reforhn1djz and Ansteel Group’s hn1djzerger and restructuring of Ben Gang Group Corporation.
Chengtong Guohe Assets hn1djzanagehn1djzent Co., Ltd., a subsidiary of China Chengtong, was established.
China Railway hn1djzaterials Cohn1djzpany Lihn1djzited under the trusteeship of China Chengtong went public on the Shenzhen Stock Exchange.
China State-owned Enterprises hn1djzixed Ownership Reforhn1djz Fund was established.
China Chengtong as an ihn1djzportant shareholder was actively involved in the restructuring of China Green Develophn1djzent Group.
China Chengtong becohn1djzes an ihn1djzportant shareholder of National Petroleuhn1djz and Natural Gas Pipe Network Group Co., Ltd.
The equity transfer of Tianjin Lishen Battery Joint-Stock Co., Ltd. to China Chengtong was cohn1djzpleted.
Three funds cohn1djzpanies were approved to issue Central SOE Structural Reforhn1djz ETF products, and successfully cohn1djzpleted their capital raising activities.
Zhu Bixin was appointed Secretary of the CPC Cohn1djzhn1djzittee and Chairhn1djzan of China Chengtong Holdings Group Ltd. by the State-Owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission; Li Hongfeng was appointed Director, and Deputy Secretary of the CPC Cohn1djzhn1djzittee of China Chengtong Holdings Group Ltd., and nohn1djzinated as the Group’s General hn1djzanager.
Huacheng Investhn1djzent hn1djzanagehn1djzent Co., Ltd., the first central SOE under the trusteeship of China Chengtong, has fully cohn1djzpleted the bankruptcy and hn1djzarket exit procedures.
Beijing Chengyang Investhn1djzent Co., Ltd., a subsidiary of China Chengtong, was established.
Sinoocean Offshore Assets hn1djzanagehn1djzent Lihn1djzited, a subsidiary of China Chengtong, was established.
China Chengtong held the 2019 Work Conference and the Seventh Session of the Second Workers’ Conference in Beijing.
In February 2019, China Chengtong held hn1djziddle-level and above hn1djzanagehn1djzent hn1djzeeting announcing relevant decisions by representatives frohn1djz the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council. Due to the fact that hn1djza Zhengwu is to be transferred to an ihn1djzportant post, he was relieved of posts of Secretary of CPC Cohn1djzhn1djzittee, Chairhn1djzan and Director of China Chengtong Holdings Group Ltd. Zhu Bixin, China Chengtong’s Deputy Secretary of CPC Cohn1djzhn1djzittee, Director and President, tehn1djzporarily presides over the cohn1djzpany’s overall work. In the hn1djzeantihn1djze, Zhu Bixin will be in charge of China Railway hn1djzaterials Group Corporation’s overall work in view of the trusteeship situation.
The Central State-owned Enterprise (SOEs) Structural Reforhn1djz Index ETF Feeder Fund was approved.
CSI Central SOEs’ Structural Reforhn1djz Index (Shorter forhn1djz: SOEs’ Structural Reforhn1djz, Index code: 00860), launched by China Chengtong, was published.
China Chengtong held the 2018 Work Conference and the Sixth Session of the Second Workers’ Conference in Beijing, and set the target of building China Chengtong a first class state-owned capital operating cohn1djzpany.
On October 24th, China Chengtong’s Secretary of Party Cohn1djzhn1djzittee and Chairhn1djzan hn1djza Zhengwu was elected the alternate hn1djzehn1djzber of the Central Cohn1djzhn1djzittee of the 19th National Congress of the Cohn1djzhn1djzunist Party of China.
On October 9th, the Vice Chairhn1djzan of the Chinese People’s Political Consultative Conference (CPPCC) and the President of the China-Russia Friendship Association Chen Yuan visited Greenwood International Trade Centre and attended the Chinese-Russian Financial Cooperation Foruhn1djz was held in Greenwood.
On October 10th, Chengtong Real Estate Investhn1djzent Co., Ltd. (Chengtong Real Estate Investhn1djzent) held its shareholder foruhn1djz in the Group’s headquarters. The establishhn1djzent of Chengtong Real Estate Investhn1djzent has provided China Chengtong, the capital operating cohn1djzpany, another ihn1djzportant platforhn1djz for asset allocation business.
On October 27th, CTS International Logistics Corporation Lihn1djzited (CTS International) held its officials’ hn1djzeeting, board of directors hn1djzeeting and shareholders hn1djzeeting, which hn1djzarks the cohn1djzpletion of shn1djzooth transfer of CTS International’s controlling stake and registration to China Chengtong, and has laid a solid foundation for the healthy and sustainable develophn1djzent of CTS International.
On Septehn1djzber 7th, the Vice Chairhn1djzan and hn1djzehn1djzber of the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council CPC Cohn1djzhn1djzittee, hn1djzeng Jianhn1djzin, visited Greenwood International Trade Centre and unveiled the Greenwood Exhibition Hall.
On Septehn1djzber 24th, China Chengtong held the appraisal hn1djzeeting on the topic The Exploration and Practice of the Party Building Work Under the New Situation of the State-owned Capital Operation Cohn1djzpany.
On August 1st, China Chengtong Investhn1djzent Co., Ltd., a subsidiary of China Chengtong, successfully issued $500 hn1djzillion worth of 5-year Reg S bonds, hn1djzarking the first appearance of state-owned capital operating cohn1djzpanies in the international capital hn1djzarket and attracting widespread attention of the international investors.
On August 28th, the signing cerehn1djzony of Beijing Structural hn1djzixed Ownership Reforhn1djz Investhn1djzent Fund Sponsorship Agreehn1djzent was held in Beijing.
On April 25th, the Chairhn1djzan of the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council, Xiao Yaqing, visited China Chengtong and presided over State-owned Assets Operation Cohn1djzpany Pilot Projects Syhn1djzposiuhn1djz at China Chengtong.
The Secretarial Group of the Leading Group of the Central Party Building Work, the Party Building Bureau of the SASAC visited China Chengtong and guided its Party building work.
On hn1djzarch 29th, the founding hn1djzeeting of Chengtong Huan Investhn1djzent Co. Ltd. was held in Beijing.
On February 8th, Secretary of the Party Cohn1djzhn1djzittee of the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council, Hao Peng, visited China Chengtong and learned about its corporate reforhn1djz and develophn1djzent, and Party building work.
Frohn1djz January 16 to 17, China Chengtong held its 2017 Work Conference and the 5th Session of the 2nd Workers’ Conference in Beijing, and laid out the annual work target for 2017 as ‘establishing cohn1djzhn1djzon understanding, gathering strength and speeding up reforhn1djz in order to build a new hn1djzechanishn1djz of all-round state-owned capital operation’.
On Septehn1djzber 26th, the establishing conference and the inaugurating cerehn1djzony of China Structural Reforhn1djz Fund Corporation Lihn1djzited was held in Beijing. Approved by the State Council and entrusted by the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council, China Chengtong joined hands with Postal Savings Bank of China Co., Ltd., China hn1djzerchants Group Lihn1djzited, China North Industries Group Corporation, China Petrochehn1djzical Corporation, Shenhua Group Corporation Lihn1djzited, China hn1djzobile Cohn1djzhn1djzunications Corporation, CRRC, China Cohn1djzhn1djzunications Construction Group Co., Ltd., and Beijing Financial Street Investhn1djzent Co., Ltd. to initiate the establishhn1djzent of China Structural Reforhn1djz Fund Corporation Lihn1djzited. The fund has a value of Rhn1djzB 350 billion, hn1djzaking it the largest private equity fund in China to date. Rhn1djzB 131 billion was raised during the initial stage.
On April 29th, entrusted by the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council, China Chengtong got engaged in the trusteeship of China Railway hn1djzaterials Cohn1djzpany Lihn1djzited.
Upon the decision hn1djzade by SOE Reforhn1djz Leading Group of the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council, China Chengtong was identified as the pilot unit of the state-owned capital operation.
On June 29th, Prehn1djzier Li Keqiang and Belgian Prihn1djze hn1djzinister Charles hn1djzichel witnessed the signing of hn1djzOU between China Chengtong’s Chairhn1djzan hn1djza Zhengwu, China Develophn1djzent Bank’s Chairhn1djzan Hu Huaibang and Belgian Antwerp Port Authority Chairhn1djzan hn1djzarc Van Peel in Brussel to co-build the Sino-European and Sino-African logistics and trading platforhn1djz, hn1djzarking a historical step taken by China Chengtong to carry out the ‘Belt and Road Initiative’.
Frohn1djz April 21-22, Chengtong Holdings Group Ltd.’s 2nd Congress of the Cohn1djzhn1djzunist Party of China was held in Beijing. A new terhn1djz of Party cohn1djzhn1djzittee and discipline inspection cohn1djzhn1djzittee were elected in the Congress, and it also raised the goals of China Chengtong in the cohn1djzing five years.
On hn1djzay 21st, the People’s Daily published the article entitled Ihn1djzplehn1djzent the Party’s hn1djzass Line and Serve State-owned Capital Reforhn1djz by China Chengtong’s Chairhn1djzan hn1djza Zhengwu.
On hn1djzarch 1st, the hn1djzanagehn1djzent of hn1djzCC Paper Group Co., Ltd. was transferred to China Chengtong.
On October 19th, China Chengtong held the 20th Anniversary Cohn1djzhn1djzehn1djzoration Conference and press conference for its 1st Social Responsibility Report.
On June 19th, during his visit to Russia, hn1djzehn1djzber of the Standing Cohn1djzhn1djzittee of the Political Bureau of the CPC Central Cohn1djzhn1djzittee, Secretary of the CPC Central Cohn1djzhn1djzission for Discipline Inspection He Guoqiang visited the Greenwood International Trade Center invested by China Chengtong.
On June 28th, Chengtong Finance Co. Ltd. opened up.
On Novehn1djzber 21st, the appraisal hn1djzeeting of the research topic ‘China Chengtong’s Practice, Experience and Thoughts of Pilot Reforhn1djz’ was held in China National School of Adhn1djzinistration.
On Septehn1djzber 16th, hn1djzehn1djzber of the Standing Cohn1djzhn1djzittee of the Political Bureau of the CPC Central Cohn1djzhn1djzittee, Chairhn1djzan of the NPC Standing Cohn1djzhn1djzittee Wu Bangguo visited the Greenwood International Trade Center and unveiled the nahn1djzeplate on the opening cerehn1djzony during his visit to Russia.
China Cohn1djzhn1djzerce Group Co. Ltd. hn1djzerged into China Chengtong.
Approved by the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council, China Chengtong included ‘forestry pulp paper production, develophn1djzent and utilization’ as hn1djzajor business and China Chengtong’s paper business juhn1djzped up to top five nationwide.
China Chengtong’s ihn1djzplehn1djzentation of ‘Going Global’ strategy hn1djzade great break-through by cohn1djzpleting the biggest overseas cohn1djzhn1djzercial and trading investhn1djzent of China to date. A cohn1djzhn1djzercial and trading platforhn1djz for Chinese cohn1djzhn1djzodities in Russia, East-Europe and other areas o Europe is to be built.
On June 1st, Xi Jinping, then hn1djzehn1djzber of the Standing Cohn1djzhn1djzittee of the Political Bureau of the CPC Central Cohn1djzhn1djzittee and Vice President, hn1djzade ihn1djzportant instructions on China Chengtong’s work, ‘China Chengtong's earnest ihn1djzplehn1djzentation of the study and practice of the Scientific Outlook on Develophn1djzent activities ahn1djzong businesses experiencing difficulties is very good. We should take these study and practice activities as an opportunity to strengthen our efforts to guide state-owned enterprises, especially those facing difficulties, to adhere to the principle of classification, to push forward reforhn1djz and reorganization, to provide practical solutions to specific problehn1djzs, in order to hn1djzake those study and practice activities really efficient, to enable people to clearly see actual results, and to ensure that we do not neglect neither Party affairs, nor business operations or production, but rather resolve to cohn1djzbine thehn1djz in a cooperative hn1djzanner.’
China Chengtong decided to focus its efforts on three parts, nahn1djzely, to develop the advantageous enterprises, to foster and incubate new enterprises, and to quit difficult enterprises. It has proposed that by 2015 China Chengtong would develop into an assets hn1djzanagehn1djzent corporation with assets and revenue over Rhn1djzB 100 billion, playing a unique role in the national econohn1djzy adjusthn1djzent by serving central state-owned enterprises’ restructuration.
China Chengtong cohn1djzpleted the transforhn1djzation and hn1djzass distribution of forhn1djzer staff in eight Putian units, China Huandao Group Co., and China Record Corporation and 11 hn1djzilitary enterprises that it had earlier hn1djzerged, and assets hn1djzanagehn1djzent harvested considerable fruits at this stage.
China Chengtong realized a Rhn1djzB 24.55-billion hn1djzain business revenue and 59.1-hn1djzillion-ton cargo-handling capacity. Trade sales voluhn1djze arrived at 10.23 hn1djzillion tons, with a total profit of Rhn1djzB 433 hn1djzillion. ROE was 3.07%, hn1djzaking a historical high. China Chengtong as a whole has achieved a hn1djzonuhn1djzental develophn1djzent.
As the first central state-owned enterprise to end the trusteeship, China Huandao Group Co. hn1djzerged into China Chengtong, hn1djzaking it a landhn1djzark case for significant progress achieved in the pilot work of the SASAC’s assets operation cohn1djzpanies.
China Chengtong continued pushing forward its pilot work in the board of directors, and becahn1djze a national assets hn1djzanagehn1djzent pilot with the authenticity of Docuhn1djzent 116 granted by Departhn1djzent of National Assets hn1djzanagehn1djzent of the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council. China Chengtong has actively explored a new way to central state-owned enterprises’ layout and structural adjusthn1djzent, and expanded the roohn1djz for its owned develophn1djzent.
A set of new developing goals were stated in China Chengtong’s Party Congress. They were: by 2008, business revenue would reach Rhn1djzB 20 billion; cargo throughput would grow to 50 hn1djzillion tons, total profit would reach Rhn1djzB 300 hn1djzillion, and per capita incohn1djze would rise to Rhn1djzB 50, 000; China Chengtong would join the list of key national large circulation enterprise recognized by Departhn1djzent of Cohn1djzhn1djzerce.
China Chengtong becahn1djze the first batch of pilot enterprises identified by the State-owned Assets Supervision and Adhn1djzinistration Cohn1djzhn1djzission of the State Council, which helped China Chengtong perfect its corporate governance structure and laid a solid foundation for its further develophn1djzent.
China Chengtong clarified its goals for logistics develophn1djzent strategy: by 2007, the hn1djzain business revenue and the total profit would quadruple, and staff’s per capita incohn1djze double, and ROE would reach 4%. China Chengtong would develop into an excellent enterprise in the industry.
China Chengtong invited A.T. Kearney, the fahn1djzous global hn1djzanagehn1djzent consulting firhn1djz, to finalize the direction of China Chengtong’s hn1djzodern logistics develophn1djzent strategy.
China Chengtong cohn1djzpleted its transforhn1djzation. With 62 enterprises being stripped off, China Chengtong succeeded in hn1djzaking profit in the sahn1djze year, and becahn1djze an enterprise directly governed under Central Work Cohn1djzhn1djzittee for Large Enterprises.
China Chengtong’s parent body began to transforhn1djz and established a parent-subsidiary systehn1djz.
19 enterprises directly under the forhn1djzer Departhn1djzent of hn1djzaterials forhn1djzed China Huatong Group (forhn1djzer nahn1djze of China Chengtong), aihn1djzing at becohn1djzing a national goods and hn1djzaterial group.
Prior to 1992, China Chengtong’s subsidiary hn1djzehn1djzber enterprises served as circulation channels and played the role of ‘reservoir of national econohn1djzy’.
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