Neha Patil (Editor)

Civilian run enterprise

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Civilian-run enterprise is a type of company or enterprise to describe non-state-owned enterprise (state-owned enterprise including companies owned by the state, the central and regional government). In other means, privately owned companies is one of the types of civilian-run enterprise. However, there is no proper legal definition of "civilian-run enterprise" in the People's Republic of China. It is considered to a special term in the Economy of China (Minqi (Chinese: 民企; pinyin: Mínqǐ) or Chinese: 民營企業; pinyin: Mínyíng qǐyè). 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.

Civilian-run enterprise may be a publicly traded company or its counterpart privately held company (all company that not owned by government nor on the stock exchange) If the company was listed in Hong Kong (and incorporated outside mainland China), they were refer as P chip.

Notable civilian-run enterprises in China

  • Fosun International
  • Suning Commerce Group (blue chip of Shenzhen Stock Exchange)
  • Wanda Group (one of the 2016 Fortune Global 500)
  • References

    Civilian-run enterprise Wikipedia