Draft:China Resources Recycling
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| Company type | State-owned enterprises of China |
|---|---|
| Industry | Comprehensive Utilization of Waste Resources |
| Founded | September 22, 2024 |
| Headquarters | ChinaTianjin Binhai New Area Sino-Singapore Tianjin Eco-city No. 1, Zhongxin Green Innovation Park |
Key people | Chairman: Liu Yu General Manager: Zhu Jianchun |
| Owner | People's Republic of China (State) State-owned Assets Supervision and Administration Commission of the State Council (SASAC), representing the State Council of the People's Republic of China as the investor |
China Resources Recycling Group Co., Ltd. (Chinese: 中国资源循环集团有限公司, China Resources Recycling Group) is located at No. 1, Zhongxin Green Innovation Park, Sino-Singapore Tianjin Eco-city, Binhai New Area, Tianjin, and was established on September 22, 2024, with Liu Yu as the legal representative.[1][2][3]
As of October 2024, the company has a registered capital of 10 billion yuan, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) representing the State Council as the investor.[4]
China Resources Recycling Group Co., Ltd. is the only central state-owned enterprise headquartered in Tianjin.[5]
History
[edit]In the first half of 2024, preparations for the establishment of the China Resources Recycling Group began, with its headquarters planned to be located in Tianjin.[6] The group's assets primarily consist of recycled resources businesses contributed by related central state-owned enterprises (SOEs). Personnel from these SOEs joined the preparatory team. For instance, scrap steel operations from China Baowu Steel Group, plastic recycling from China Petrochemical Corporation, and recycled aluminum and copper businesses from Aluminum Corporation of China are expected to be integrated into the group.[6]
On July 5, 2024, a State Council executive meeting discussed policy measures to support high-quality development in Tianjin's Binhai New Area.[7]
On September 22, 2024, China Resources Recycling Group Co., Ltd. was officially registered in Tianjin’s Binhai New Area Market Supervision Administration, categorized under the comprehensive utilization of waste resources industry. The next day, during a special press conference by the National Development and Reform Commission (NDRC), Deputy Director Zhao Chenxin announced support for the establishment of the group as a national, functional resource recycling platform.[8]
On October 18, 2024, China Resources Recycling Group held its founding ceremony.[4]Vice Premier Zhang Guoqing attended the event, conveying instructions and comments from Xi Jinping and Li Qiang.[9]
In October 2024, China Resources Environmental Technology Co., Ltd., a subsidiary of China Resources Group, and Ouyeel Recycling Resources Co., Ltd., a subsidiary of China Baowu Steel Group, were merged into China Resources Recycling Group.
On November 19, 2024, the National Development and Reform Commission announced plans to guide China Resources Recycling Group in establishing a national, functional resource recycling platform.[10]
On December 5, 2024, China Resources Recycling Group’s subsidiary, China Resources Environmental Technology, invested ¥3 billion in Yantian District, Shenzhen, to establish the China Resources Recycling New Energy Recycling Technology (Shenzhen) Co., Ltd.[11]
Equity Structure
[edit]State-owned Assets Supervision and Administration Commission of the State Council (SASAC) Teams Up with Five Central SOEs to Jointly Invest, China Resource Recycling Group Co., Ltd. Officially Established.[1]
- State-owned Assets Supervision and Administration Commission of the State Council (SASAC): 20%
- China Baowu Steel Group Corporation Limited: 20%
- China Petrochemical Corporation (Sinopec Group): 20%
- China Resources (Holdings) Co., Ltd.: 20%
- Aluminum Corporation of China Limited (Chinalco): 10%
- China Minmetals Corporation: 10%
Notes and references
[edit]- ^ a b Wang, Zilin (2024-10-19). "国务院国资委携手五家央企共同出资 中国资源循环集团有限公司挂牌". Shanghai Securities News (in Chinese).
- ^ Taylor, Brian (2024-10-20). "China's government establishes state-owned recycling company". Recycling Today. Retrieved 2024-12-14.
- ^ Lv, Amy; Orr, Bernard (2024-10-18). "China national recycling group holds first meeting in Tianjin, Xinhua reports". Reuters. Retrieved 2024-12-14.
- ^ a b Wang Xi; Yang Wen (2024-10-18). "新央企中国资源循环集团有限公司成立" (in Chinese). Chinese Government Website. Xinhua News Agency. Retrieved 2024-10-21.
- ^ Huo,Yanhua (2024-10-15). "中国资源循环集团正式落户天津将会有怎样的双向奔赴？". Resource Recycling (in Chinese) (10). Beijing: 32–34. ISSN 1673-7776.
- ^ a b Industry News Department, Caixin Weekly (2024-09-30). "财新周刊产业新闻部答疑". Caixin Weekly (in Chinese) (39).
- ^ Xinhua News Agency (2024-07-05). "李强主持召开国务院常务会议" (in Chinese). Xinhua News Agency. Archived from the original on 2024-07-30. Retrieved 2024-07-30.
- ^ Yang Yang (2024-09-23). "新央企组建中！中国资源循环利用集团来了" (in Chinese). The Paper News.
- ^ "习近平就组建中国资源循环集团有限公司作出重要指示" (in Chinese). Xinhua News Agency. 2024-10-18. Retrieved 2024-10-21.
- ^ "国家发展改革委11月份新闻发布会" (in Chinese). NDRC. 2024-11-19.
- ^ "华润环保在深圳成立新能源循环利用科技公司，注册资本3亿元" (in Chinese). Jiemian News. 2024-12-09. Retrieved 2024-12-14.