Asia State-owned enterprise

1 asia

1.1 afghanistan
1.2 china

1.2.1 hong kong


1.3 india
1.4 indonesia
1.5 japan
1.6 malaysia
1.7 philippines
1.8 russia
1.9 singapore
1.10 south korea
1.11 taiwan
1.12 thailand
1.13 vietnam

asia
afghanistan

in 2009, government of islamic republic of afghanistan formed afghan public protection force (appf) state owned enterprise subordinate ministry of interior. presidential decree, appf mandated replace non-diplomatic private security companies 20 march 2013 become sole provider of pay-for-service security contracts within afghanistan.

china

after 1949, business entities in people s republic of china created , owned government. in late 1980s, government began reform state-owned enterprise, , during 1990s , 2000s, many mid-sized , small sized state-owned enterprises privatized , went public. there number of different corporate forms result in mixture of public , private capital. in prc terminology, state-owned enterprise refers particular corporate form, increasingly being replaced listed company. state-owned enterprises governed both local governments sasac and, in central government, state-owned assets supervision , administration commission (sasac) of state council. however, state-owned enterprise governed china investment corporation (and domestic arm central huijin investment), under governance of ministry of education university-run enterprises, or financial institutes under governance of ministry of finance.

as of 2011, 35% of business activity , 43% of profits in people s republic of china resulted companies in state owned majority interest. critics, such new york times, have alleged china s state-owned companies vehicle corruption families of ruling party leaders have amassed fortunes while managing them.

hong kong

in postwar years, hong kong s colonial government operated under laissez-faire economic philosophy called positive non-interventionism. hence crown corporations did not play significant role in development of territory in many other british territories.

the mass transit railway corporation (mtrc) formed crown corporation, mandated operate under prudent commercial principles , in 1975. kowloon-canton railway, operated under government department, corporatised in 1982 imitate success of mtrc (see kcr corporation). mtrc privatised in 2000 although hong kong government still majority shareholder. kcr operationally merged mtr in 2007.

examples of present-day statutory bodies include airport authority, responsible running chek lap kok airport, or housing authority, provides housing half of hong kong residents.

india

in india, state-owned enterprise termed public sector undertaking (psu) or central public sector enterprise (cpse). these companies owned union government, or 1 of many state or territorial governments, or both. company equity needs majority owned government psu. few examples oil , natural gas corporation, engineers india limited, india trade promotion organization, gail, bsnl, food corporation of india, air india etc.

indonesia

state-owned enterprises, known locally badan usaha milik negara easy recognise names. company names suffix persero mean company wholly/majority owned government. government takes control of state corporations under 1 single ministry, ministry of state enterprises, acts ceo of holding company.

japan

in japan, japan post reorganized japan post group in 2007 material step of postal privatization. ceased wholly owned government on november 4, 2015 when government listed 11% of holdings on tokyo stock exchange. japan railways group (jr), nippon telegraph , telephone (ntt) , japan tobacco (jt) formerly owned government.

nhk

malaysia


affin bank - bank
axiata – telecommunication
cimb – bank
johor corporation - investment
malaysia airlines - airlines
malaysia airports - airport operator
maybank – bank
malaysia building society berhad – bank
petronas – oil & gas
prasarana malaysia – public transport
sime darby – conglomerate
telekom malaysia berhad – telecommunication
tenaga nasional – electric utility
uem group – engineering & construction

philippines

in philippines, state-owned enterprises known government-owned , controlled corporations. can range social security system (sss) , philippine coconut authority no counterparts in private sector landbank, wholly government-owned bank competes private banks. number of government-owned , controlled corporations, created during marcos era under new society program of crony capitalism, privatized @ end of 20th , beginning of 21st century, including philippine airlines, philippine long distance telephone company or pldt , philippine national bank.

russia

singapore

government-linked corporations play substantial role in singapore s domestic economy. these glcs partially or owned state-owned investment company, temasek holdings. of november 2011, top 6 singapore-listed glcs accounted 17% of total capitalization of singapore exchange (sgx). notable glcs include singapore airlines, singtel, st engineering, , mediacorp.

south korea

there many state-owned enterprises in south korea.

incheon international airport
korail
seoul metro
seoul metropolitan rapid transit corporation
korea national oil corporation
korea land , housing corporation
korea electric power corporation
korean broadcasting system
rough draft studios

taiwan

the founding father of republic of china , of kuomintang, sun yat-sen, heavily influenced economic ideas of henry george, believed rents extracted natural monopolies or usage of land belonged public. sun argued georgism , emphasized importance of mixed economy, termed principle of minsheng in 3 principles of people.

railroads, public utilities, canals, , forests should nationalized, , income land , mines should in hands of state. money in hand, state can therefore finance social welfare programs.

kuomintang leader, , later president of republic of china on mainland , taiwan island, chiang kai-shek, crushed pro-communist worker , peasant organizations , rich shanghai capitalists @ same time. chiang continued sun yat-sen s anti-capitalist ideology—kuomintang media openly attacked capitalists , capitalism, demanding government-controlled industry instead.

the kuomintang muslim governor of ningxia, ma hongkui promoted state-owned monopoly companies. government had company, fu ning company, had monopoly on commerce , industrial activity in ningxia.

under kuomintang muslim general ma bufang in qinghai, industries , projects such educational, medical, agricultural, , sanitation schemes controlled state.

the chinese muslim 36th division (national revolutionary army) governed southern xinjiang 1934 1937. general ma hushan chief of 36th division. chinese muslims operated state-owned carpet factories.

corporations such wang film, csbc corporation, taiwan, cpc corporation, taiwan , aerospace industrial development corporation owned state in republic of china.

thailand

as of november 2016, royal thai government holds majority ownership in 56 commercial entities categorized state-owned enterprises (soes). these include:

forty-six non-financial soes concentrated in key economic sectors such communications, power generation , distribution, transportation, , water management. several among largest listed companies in thailand.
ten financial soes, including state-owned bank, government pawnshop, , 8 specialized financial institutions (sfis) carry out high-profile policy functions.

vietnam

airports corporation of vietnam
bank investment , development of vietnam
petrolimex
petrovietnam
state capital investment corporation
vietnam airlines
vietnam air services company
vietnam electricity
vietnam multimedia corporation
vietnam posts , telecommunications group
viettel mobile
vietnam railways
vinacomin
vinatex




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^ bureau of economic , business affairs (june 2012). 2012 investment climate statement - singapore . united states department of state. retrieved 10 march 2014. 
^ simei qing allies enemies , 19
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