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The China National Cotton Reserve Management Corporation (CRCMC, Chinese: 中国储备棉管理总公司), also known as the China National Cotton Reserve Corporation, is a central enterprise responsible for the operation and management of the national cotton reserve policy.

History

Established on March 28, 2003, CRCMC operates under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council and is specifically tasked with managing the national cotton reserve. Following the company's creation, it assumed control of the original supply and marketing society responsible for the national reserve cotton operations, while also getting oversight from the Chinese cotton reserve management center. The corporation falls under the Fourth Category in surrender policy, indicating that it is not obligated to report state Capital gains tax. As per the original plan, China Reserve Cotton aimed to establish 18 directly affiliated cotton reserves nationwide. As of 2012, China Reserve Cotton managed 16 directly subordinate depots and additionally leased several social warehouses for cotton storage.

On November 23, 2016, following approval from the State Council, the China Reserve Cotton Management Corporation was fully integrated into the China National Reserve Grain Management Corporation (CNRGC) and became a wholly-owned subsidiary of CNRGC, thereby ceasing to be a directly supervised entity of the State-owned Assets Supervision and Administration Commission (SASAC).

See also

• CNCotton
• China Cotton Association

References

1. "中储棉并入中储粮 国资委监管央企调整为102家_滚动新闻_中国政府网". 中国政府网_中央人民政府门户网站 (in Chinese). 2023-05-26. Retrieved 2024-12-11.
2. "重磅！国资委：中储棉整体并入中储粮". 解放网，上观新闻-站上海，观天下 (in Chinese). 2016-11-23. Retrieved 2024-12-11.
3. "中国储备粮管理总公司与中国储备棉管理总公司实施重组". 中国经济网 (in Chinese). 2016-11-23. Retrieved 2024-12-11.
4. "国务院关于组建中国储备棉管理总公司有关问题的批复__2002年第18号国务院公报_中国政府网". 中国政府网_中央人民政府门户网站 (in Chinese). 2023-10-23. Retrieved 2024-12-11.
5. "中国央企：中国储备棉管理总公司整体并入中国储备粮管理总公司--国资委". Reuters (in Chinese). 2016-11-23. Retrieved 2024-12-11.
6. 金融时報 (in Chinese). 金融时報社. 2005. p. 5. Retrieved 2024-12-11.
7. "国资委：中国储备棉管理总公司整体并入中国储备粮管理总公司". 澎湃新闻 (in Chinese). 2016-11-23. Retrieved 2024-12-11.
8. "中国储备粮管理总公司与中国储备棉管理总公司实施重组－国务院国有资产监督管理委员会". 国务院国有资产监督管理委员会 (in Chinese). 2016-11-23. Retrieved 2024-12-11.