 | |||||||
| Company type | State-owned conglomerate | ||||||
|---|---|---|---|---|---|---|---|
| Industry | Various | ||||||
| Founded | 1998 | ||||||
| Headquarters | , China | ||||||
| Parent | Sinomach (State-owned Assets Supervision and Administration Commission of the State Council) | ||||||
| Chinese name | |||||||
| Simplified Chinese | 中国恒天集团有限公司 | ||||||
| Traditional Chinese | 中國恆天集團有限公司 | ||||||
| |||||||
| CHTC | |||||||
| Simplified Chinese | 恒天 | ||||||
| |||||||
| Website | www.chtcg.com | ||||||
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China Hi-Tech Group Corporation, Ltd. (CHTC) is a Chinese conglomerate company. The company is owned by the Chinese Central Government via State-owned Assets Supervision and Administration Commission of the State Council (SASAC).[1] The company main focus is on the textile industry. In June 2017, CHTC became a wholly owned subsidiary of Sinomach, another SASAC company, through a restructuring,[2] as part of a plan to reduce the number of SASAC directly-controlled companies.[3][4]
- ^ "央企名录" [List of Central State-owned enterprises] (in Chinese). State-owned Assets Supervision and Administration Commission of the State Council. 3 August 2016. Retrieved 13 January 2017.
- ^ Li, Shaoting (18 October 2018). "执掌恒天集团10年的董事长张杰被查 一手做大的金融业务毛利贡献近年缩水" [Zhang Jie, the chairman of the CHTC Group for 10 years, was investigated. The gross profit contribution of the financial business has shrunk in recent years]. nbd.com (in Chinese). Retrieved 25 January 2019.
- ^ "中国恒天整体并入国机集团 央企数量缩减至101家水" [CHTC is fully integrated into Sinomach. The number of central enterprises has been reduced to 101]. xinhuanet.com (in Chinese). 30 June 2017. Archived from the original on January 25, 2019. Retrieved 25 January 2019.
- ^ Feng, Coco (3 July 2017). "Machinery Giants Merge as Industry Reforms Plow Ahead". Caixin Global. Retrieved 25 January 2019.