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| 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 ].<ref name="FAQ">{{cite journal |author1=Industry News Department, Caixin Weekly |title=FAQ |journal=Caixin Weekly |date=2024-09-30 |issue=2024 Issue 39}}</ref> 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.<ref name="FAQ" /> | 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 ].<ref name="FAQ">{{cite journal |author1=Industry News Department, Caixin Weekly |title=FAQ |journal=Caixin Weekly |date=2024-09-30 |issue=2024 Issue 39}}</ref> 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.<ref name="FAQ" /> | ||
| On July 5, 2024, a State Council executive meeting discussed policy measures to support high-quality development in Tianjin's ].<ref name="Li Qiang chaired State Council Executive Meeting">{{cite news |author1=Xinhua News Agency |title=Li Qiang chaired State Council Executive Meeting |url=http://www.news.cn/politics/leaders/20240705/1f0327f90e714a608d82752e4d6b6223/c.html |accessdate=2024-07-30 |agency=Xinhua News Agency |date=2024-07-05 |archive-date=2024-07-30 |archive-url=https://web.archive.org/web/20240730011710/http://www.news.cn/politics/leaders/20240705/1f0327f90e714a608d82752e4d6b6223/c.html |
On July 5, 2024, a State Council executive meeting discussed policy measures to support high-quality development in Tianjin's ].<ref name="Li Qiang chaired State Council Executive Meeting">{{cite news |author1=Xinhua News Agency |title=Li Qiang chaired State Council Executive Meeting |url=http://www.news.cn/politics/leaders/20240705/1f0327f90e714a608d82752e4d6b6223/c.html |accessdate=2024-07-30 |agency=Xinhua News Agency |date=2024-07-05 |archive-date=2024-07-30 |archive-url=https://web.archive.org/web/20240730011710/http://www.news.cn/politics/leaders/20240705/1f0327f90e714a608d82752e4d6b6223/c.html }}</ref> | ||
| 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 ] (NDRC), Deputy Director Zhao Chenxin announced support for the establishment of the group as a national, functional resource recycling platform.<ref>{{cite news |author1=Yang Yang |title=New Central SOE Under Formation! China Resources Recycling Group Announced |url=https://www.thepaper.cn/newsDetail_forward_28828315 |publisher=The Paper |date=2024-09-23}}</ref> | 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 ] (NDRC), Deputy Director Zhao Chenxin announced support for the establishment of the group as a national, functional resource recycling platform.<ref>{{cite news |author1=Yang Yang |title=New Central SOE Under Formation! China Resources Recycling Group Announced |url=https://www.thepaper.cn/newsDetail_forward_28828315 |publisher=The Paper |date=2024-09-23}}</ref> | ||
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| Company type | State-owned enterprises of China |
|---|---|
| Industry | Comprehensive Utilization of Waste Resources |
| Founded | September 22, 2024 (2024-09-22) |
| 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.
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.
China Resources Recycling Group Co., Ltd. is the only central state-owned enterprise headquartered in Tianjin.
History
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. 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.
On July 5, 2024, a State Council executive meeting discussed policy measures to support high-quality development in Tianjin's Binhai New Area.
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.
On October 18, 2024, China Resources Recycling Group held its founding ceremony.Vice Premier Zhang Guoqing attended the event, conveying instructions and comments from Xi Jinping and Li Qiang.
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.
Equity Structure
- 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
- ^ Wang Xi; Yang Wen (2024-10-18). "Establishment of China Resources Recycling Group". Chinese Government Website. Xinhua News Agency. Retrieved 2024-10-21.
- ^ Industry News Department, Caixin Weekly (2024-09-30). "FAQ". Caixin Weekly (2024 Issue 39).
- Xinhua News Agency (2024-07-05). "Li Qiang chaired State Council Executive Meeting". Xinhua News Agency. Archived from the original on 2024-07-30. Retrieved 2024-07-30.
- Yang Yang (2024-09-23). "New Central SOE Under Formation! China Resources Recycling Group Announced". The Paper.
- "Xi Jinping Issues Important Instructions on the Establishment of China Resources Recycling Group Co., Ltd". Xinhua News Agency. 2024-10-18. Retrieved 2024-10-21.
- "November Press Conference of the National Development and Reform Commission (NDRC)". NDRC. 2024-11-19.
- China Resources Recycling
- Conglomerate companies of China
- Government-owned companies of China
- 2024 establishments in Tianjin
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