All the yards of China State Shipbuilding Co (CSSC) and China Shipbuilding Industry Co (CSIC) were merged, giving the new group the number one spot, even after South Korea’s Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) complete their own merger. CSSC and CSIC used to belong to the same company but were split up about twenty years ago.
The new group now has 147 research institutes, business units and listed companies with total assets of 790 billion yuan ($112bn USD) and 310,000 employees.
In his speech, Hao Peng, Party Secretary and Director of the State-owned Assets Supervision and Administration Commission of the State Council, pointed out that the establishment of the China Shipbuilding Group is an urgent need to promote the development of China ’s defense technology industry, a major measure to deepen the reform of state-owned and state-owned enterprises, and an inevitable requirement to enhance the competitiveness of China’s shipbuilding industry. China Shipbuilding Group must thoroughly study and implement Xi Jinping ’s new era of socialist ideas with Chinese characteristics, earnestly improve political standing, deeply understand the significance of establishing China Shipping Group, always keep in mind its mission responsibilities, and speed up the cultivation of a world-class shipping group with global competitiveness. Make new and greater contributions to the realization of the “two hundred years” goal and the Chinese dream of the great rejuvenation of the Chinese nation.
First, we must make greater efforts in the development and expansion of the main industry and resolutely fulfill the first responsibility of the strong army; second, we must make greater efforts in continuously improving our independent innovation capabilities and strive to master more key core technologies with independent intellectual property rights; third, we must strengthen Greater efforts have been made in the construction of management systems and management capabilities to lay a solid foundation for the cultivation of world-class enterprises. Fourth, greater efforts must be made to deepen corporate reforms and continue to stimulate the internal vitality and development momentum of enterprises. Fifth, we must strengthen party building. More efforts should be made to provide a strong guarantee for the reform and development of enterprises.
Hao Peng
