Tsinghua Holdings

Last updated
Tsinghua Holdings Corp., Ltd.
Native name
清华控股有限公司
Company type State-owned enterprise
Founded2001;23 years ago (2001)
Headquarters
Beijing
,
China
Area served
mainland China
Key people
Xu Jinghong(Chairman)
Long Dawei(Vice-Chairman & Party Committee Secretary)
Zhou Liye(President)
RevenueIncrease2.svg CN¥70.539  billion  (2015)
Increase2.svg CN¥4.594 billion (2015)
Increase2.svg CN¥1.514 billion (2015)
Total assets Increase2.svg CN¥207.227 billion (2015)
Total equity Increase2.svg CN¥17.729 billion (2015)
Owner Tsinghua University (100%)
Parent
Tsinghua University (direct)
the Ministry of Education (intermediate)
the State Council of China (ultimate)
Subsidiaries Tsinghua Unigroup
Chinese name
Simplified Chinese 清华控股有限公司
Traditional Chinese 清華控股有限公司
Transcriptions
Standard Mandarin
Hanyu Pinyin Qīnghuá Kònggǔ Yǒuxiàn Gōngsī
Website www.thholding.com.cn
Footnotes /references
in a consolidated basis, excluding minority interest [1]

Tsinghua Holdings Corp., Ltd. is a wholly owned subsidiary of Tsinghua University, itself a public university in China. The company was established as an in-house asset management company for Tsinghua's subsidiaries that were established in the 1990s by the technology transfer of research to business.

Contents

History

Tsinghua Holdings was formally formed in 2003 (though preliminarily tested in 2001) [2] in response to the 2001 policy of separating universities and university-owned enterprises; [3] all the shares of subsidiaries of Tsinghua University were transferred to Tsinghua Holdings. Announced by State Council of China in 2001, the plan aimed to separate ownership and management of holdings, bring on professional business managers, and separate assets of operating business and non-operating business. The university itself did not invest in other companies directly thereafter, but through the holding companies. The role of the university is to supervisor holding companies via nominating the board of directors with oversight for business plans, major investments, salary structure and other roles. [4]

The predecessor of Tsinghua Holdings, Beijing Tsinghua University Enterprise Group ( Chinese :北京清华大学企业集团; pinyin :Běijng Qīnghuá Dàxué Qǐyè Jítuán), was incorporated on 26 August 1992. The university used an established company to become a new holding company in 2001 for its subsidiaries.[ clarification needed ] According to 2010 Annual Report of Tsinghua Holdings, some assets unrelated to its business scope were transferred back to the university. [5]

Company officials

Hu Haifeng, the son of then General Secretary of the Chinese Communist Party Hu Jintao, was appointed in 2009 as the Party Committee Secretary of Tsinghua Holdings.[ citation needed ]

As of 2017, the Party Committee Secretary of Tsinghua Holdings was Long Dawei (Chinese :龙大伟), [6] who also served as the vice-chairman. The current chairman was Xu Jinghong (Chinese :徐井宏). [7]

Rong Yonglin (Chinese :荣泳霖) was the former chairman of the holding. [8]

Subsidiaries

Chengzhi Shareholding

Chengzhi Co., Ltd was set up in Jiangxi province; its controlling shareholder is Tsinghua Holdings, and it was part of the corporate structure used in the acquisition of Shijiashuang Yongsheng Huatsing Liquid Crystal Co. [9]

Tsing Capital

Tsing Capital describes itself as a clean tech venture capital arm of Tsinghua Holdings. [10]

Tsinghua Unigroup

Tsinghua Unigroup is a fabless semiconductor company that is 51 percent owned by Tsinghua Holdings and 49 percent owned by Beijing Jiankun Investment Group; the latter is led by Tsinghua Unigroup chairman and CEO Zhao Weiguo. In December 2013, it acquired Spreadtrum, now Unisoc, [11] then acquired RDA Microelectronics in 2014. [12] In 2016, Tsinghua Unigroup, Hubei Province and the China Integrated Circuit Industry Investment Fund invested in Yangtze Memory Technologies. [13] The $24 billion project employs about 6,000 people, with offices in Shanghai, Beijing and Silicon Valley. [14] In 2017, Tsinghua Unigroup formed Shanghai JV, a joint-venture with ChipMOS of Taiwan. [15] In 2019, it formed a subsidiary to produce DRAM memory chips. [16]

Companies incubated under Tsinghua Holdings

Related Research Articles

<span class="mw-page-title-main">Tsinghua University</span> Public university in Beijing, China

Tsinghua University is a public university in Haidian, Beijing, China. It is affiliated with and funded by the Ministry of Education of China. The university is part of Project 211, Project 985, and the Double First-Class Construction. It is also a member in the C9 League.

<span class="mw-page-title-main">Brilliance Auto Group</span> Chinese state-owned automotive manufacturing company

Huachen Automotive Group Holdings Co. Ltd., known for its brand name Brilliance Auto Group, was a Chinese multinational automobile manufacturer holding company headquartered in Shenyang. Its products include automobiles, microvans, and automotive components. Its principal activity is the design, development, manufacture and sale of passenger cars sold under the Brilliance brand.

Anhui Conch Cement Co., Ltd. known also as Anhui Conch or Conch Cement, is the largest cement manufacturer or seller in the mainland China, headquartered in Anhui Province. Its business scope covers the manufacture and sales of cement and clinker.

<span class="mw-page-title-main">Masteel Group</span> Chinese iron and steel enterprise

Ma gang (Group) Holding Co., Ltd., or known as Masteel Group, is one of the major Chinese iron and steel enterprises. Since 2019, it is a joint venture of central government owned China Baowu Steel Group and Anhui Provincial People's Government's State-owned Assets Supervision and Administration Commission (SASAC). It is headquartered in Ma'anshan, Anhui province. The group produced iron and steel via its listed subsidiary Maanshan Iron and Steel Company Limited, which was a listed company since 1993. However, the group had a significant part remained unlisted.

UNISOC, formerly Spreadtrum Communications, Inc., is a Chinese fabless semiconductor company headquartered in Shanghai which produces chipsets for mobile phones. UNISOC develops its business in two major fields - consumer electronics and industrial electronics. Consumer electronics includes smartphones, feature phones, smart audio systems, smart wearables and other related devices. Industrial electronics cover fields such as LAN IoT, WAN IoT and smart displays.

<span class="mw-page-title-main">Hesteel Group</span> Chinese iron and steel manufacturing conglomerate

Hesteel Group Company Limited is a Chinese iron and steel manufacturing conglomerate, also known as Hesteel Group or its pinyin shortname Hegang. The company was also known as Hebei Iron and Steel Group Co., Ltd. or HBIS until 2016.

Wanhua Industrial Group Co., Ltd. is a Chinese holding company. It was the parent company of Wanhua Chemical Group and BorsodChem until 2018. Yantai Municipal People's Government, via Yantai Guofeng, still owned 39.497% stake of the company as of 2017. The government also sold 25% stake of the company to a consortium of Pemex and Deutsche Bank in 2007.

<span class="mw-page-title-main">History of Tsinghua University</span>

Founded in 1911, the Tsinghua University is located on the site of Tsinghua Garden in Beijing, the former residence of Prince Yinzhi, the third son of the Kangxi Emperor of the Qing dynasty.

Le.com, known legally as Leshi Internet Information and Technology Corp., Beijing, is a Chinese technology company, and one of the largest online video companies in China. It is headquartered in Chaoyang District, Beijing.

Rongyu Group Co., Ltd. is a Chinese listed company based in Jilin City, Jilin Province. as at 8 November 2016, the company was a constituent of SZSE 1000 Index but not in SZSE Component Index, making the company was ranked between the 501st to 1,000th by free float adjusted market capitalization.

<span class="mw-page-title-main">Meishan Iron and Steel</span> Chinese iron and steel manufacturing company

Shanghai Meishan Iron and Steel Co., Ltd., known as Meishan Iron and Steel, or Meisteel or Meigang is a second-tier subsidiary of Baowu and a first-tier subsidiary of listed company Baoshan Iron and Steel Co., Ltd. (Baosteel). The company was based in Nanjing.

Xinjiang Ba Yi Iron and Steel Co., Ltd. known as Ba Yi Iron & Steel or 8 1 Iron & Steel or August 1 Iron & Steel or BYIS or Bagang or Basteel, is a Chinese steel maker based in Ürümqi, Xinjiang. The company was a second-tier subsidiary of China Baowu Steel Group, via Ba Yi Iron and Steel Group. The rest of the shares of the company float in Shanghai Stock Exchange. Xinjiang government is the minority shareholder of the holding company: Ba Yi Iron and Steel Group.

<span class="mw-page-title-main">TEDA Holding</span> Chinese state-owned enterprise based in Tianjin

TEDA Investment Holding Co., Ltd., known as TEDA Holding, is a Chinese state-owned enterprise based in Tianjin. The company was supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Tianjin Government.

<span class="mw-page-title-main">Huaigang Special Steel</span> Chinese steel manufacturer

Jiangsu Shagang Group Huaigang Special Steel Co., Ltd. is a Chinese steel manufacturer based in Huai'an, Jiangsu Province. It was a subsidiary of privately held company Shagang Group via its publicly traded subsidiary Shagang Company for 63.79% stake, from 2010 to 2015. As at 31 December 2013, Huaigang accounted for 99.9% revenue and 97% assets of Shagang Company. However, as at 31 December 2015, Shagang Group owned just 19.88% stake in Shagang Company; in turn Shagang Company owned 63.79% stake of Huaigang. Shagang Group sold 55.12% stake of Shagang Company in 2015, for about CN¥4.6 billion.

Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd. is a Chinese television manufacturer which was a subsidiary of Le.com. In 2017 Sunac China bought a part of Leshi Zhixin's stake, as well as subscription of new shares. Other new investors of the company were Huaxia Life Insurance (1.1310%) and a private equity fund LeRan Investment.

Baotou Tomorrow Technology Co., Ltd. known also as Tomorrow Technology or BTTT is a Chinese listed company based in Baotou, Inner Mongolia. Tomorrow Technology is an associate company of Tomorrow Holding, a company related to Xiao Jianhua.

<span class="mw-page-title-main">PKU Healthcare</span> Chinese pharmaceutical company

PKU Healthcare Co., Ltd. formerly known as PKU International Healthcare Group Southwest Pharmaceutical Co., Ltd., is a Chinese pharmaceutical company. The major shareholder was PKU Healthcare Group, a subsidiary of PKU Founder Group. PKU Founder Group itself is a subsidiary of Peking University, in turn making the listed company a state-owned enterprise by broader definition.

<span class="mw-page-title-main">Tsinghua Unigroup</span> Chinese semiconductor company

Tsinghua Unigroup Co., Ltd. is a state-owned Chinese technology and semiconductor manufacturer that also supplies digital infrastructure and services to domestic and global markets. Based in Beijing, it is among the country's largest technology conglomerates; subsidiaries include UNISOC, China's largest mobile phone chip designer. Other core subsidies design and manufacture network equipment and server and storage products, and produce system integration, network security and software applications.

Unigroup Guoxin Microelectronics is a partially state-owned publicly listed Chinese semiconductor company headquartered in Tangshan, Hebei. Its main businesses are in integrated circuit chip designs, intelligent security chips, and power semiconductor devices. It is estimated that in 2022, Guoxin Micro's estimated global share in SIM card chips tops 20%.

Hwatsing Technology is a partially state-owned publicly listed Chinese company headquartered in Tianjin that manufactures semiconductor chip production equipment.

References

  1. ↑ "2015 Annual Report" (PDF) (in Chinese). Tsinghua Holdings. 13 July 2016. Retrieved 7 February 2017.
  2. ↑ "关于同意北京大学清华大学设立北大资产经营有限公司和清华控股有限责任公司的复函" (in Chinese). General Office of the State Council of China. 24 April 2003. Retrieved 7 February 2017.
  3. ↑ Wong, Poh Kam (2011). Academic Entrepreneurship in Asia: The Role and Impact of Universities in National Innovation Systems. Edward Elgar. ISBN   978-1-84980-307-6.
  4. ↑ "关于北京大学清华大学规范校办企业管理体制试点问题的通知" (in Chinese). General Office of the State Council of China. 1 November 2001. Retrieved 7 February 2017.
  5. ↑ 清华控股有限公司2013年度第二期中期票据发行披露材料
  6. ↑ "清华控股党委" (in Chinese). Tsinghua Holdings. Archived from the original on February 8, 2017. Retrieved 7 February 2017.
  7. ↑ "公司治理" (in Chinese). Tsinghua Holdings. Retrieved 7 February 2017.
  8. ↑ 大浪淘尽 唯余清欢——访清华大学原校长助理、清华控股有限公司原董事长荣泳霖 (in Chinese)
  9. ↑ Liu, Chengwei (2010). Chinese Capital Market Takeover and Restructuring Guide. Kluwer Law. ISBN   978-9041132109.
  10. ↑ "About Tsinghua Holdings" . Retrieved 2014-01-11.
  11. ↑ "Spreadtrum Communications Agrees to $1.78 Billion Takeover". The Wall Street Journal. Retrieved 21 November 2020.
  12. ↑ "Qualcomm's Problems Just Got Worse As China Builds Chip Giant". forbes.com. Retrieved 21 November 2020.
  13. ↑ "A Chinese firm made a memory chip that can compete with Samsung. What's next". technode.com. 23 April 2020. Retrieved 21 November 2020.
  14. ↑ "How China's chip industry defied the coronavirus lockdown". Nikkei Asia. Retrieved 21 November 2020.
  15. ↑ "ChipMOS Milestone". chipmos.com. ChipMOS. Retrieved 21 November 2020.
  16. ↑ "Amid U.S. tech squeeze, China's Tsinghua Unigroup forms new DRAM chip unit". Reuters. Retrieved 21 November 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.