Overseas Chinese Town Enterprises
{{Short description|State owned enterprise}}
{{Infobox company
| name = Overseas Chinese Town Enterprises
| trade_name = OCT Group
| logo = Chinaoct.png
| image = OCT Tower(south)2021.jpg
| image_size = 200px
| image_caption = OCT Tower in Overseas Chinese Town, Nanshan District of Shenzhen
| type = State-owned enterprise
| founder =
| area_served = China
| key_people =
| industry = Tourism and Culture
| genre =
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| services =
| owner = State Council of China (100%)
| parent =
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| subsid = {{ubl|Overseas Chinese Town (53.47%)|Konka Group (29.99%)|OCT Bay (100%)}}
| foundation = 1985
| location_city = Shenzhen
| location_country = China
| location =
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| website = {{Official URL}}
| footnotes = in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards{{cite web|url=http://www.shclearing.com/xxpl/cwbg/nb/201604/t20160429_149116.html|title=2015 Annual Report|date=29 April 2016|access-date=16 November 2016|work=Overseas Chinese Town Enterprises|publisher=Shanghai Clearing House|language=Chinese}}
}}
{{Chinese
| title = Overseas Chinese Town Enterprises Co.
| s = 华侨城集团公司
| t = 華僑城集團公司
| p = Huáqiáochéng Jítuán Gōngsī
| j = waa4 kiu4 sing4 zaap6 tyun4 gung1 si1
| order = st
}}
Overseas Chinese Town Enterprises Co. is a Chinese state-owned enterprise, supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Overseas Chinese Town Enterprises is the parent company of publicly traded companies Overseas Chinese Town Limited ({{szse|000069}}), Overseas Chinese Town (Asia) ({{SEHK|03366}}, a subsidiary of Overseas Chinese Town Company) and Konka Group ({{SZSE|000016}}). It is engaged in cross-sector and cross-industry operation.
The company was founded on 1985 and is headquartered in Shenzhen, China. Since 1985, the company has fostered three leading major businesses in China, which are tourism and related cultural industry, real estate, hotel development, and manufacture of electronic products. As the listed subsidiary, OCT A provides a platform for capital operation of OCT group.{{cn|date=July 2024}}
The company is well known for its nationally famous brands, including six Happy Valley amusement parks,{{citation|url=http://www.chicagotribune.com/news/sns-wp-blm-theme-parks-wont-be-part-of-the-digital-revolution-justin-fox-3df12950-6619-11e5-bdb6-6861f4521205-20151001-story.html/|title=Theme Parks Won't Be Part of the Digital Revolution|date=2015-10-01|publisher=Bloomberg}} Konka Group, Splendid China Folk Village, Window of the World, OCT East, OCT Grand Hotel, Venice Hotel, OCT Harbour and so on.{{citation|url=http://news.xinhuanet.com/fortune/2012-05/17/c_123147837.htm/|archive-url=https://web.archive.org/web/20161022155134/http://news.xinhuanet.com/fortune/2012-05/17/c_123147837.htm|url-status=dead|archive-date=October 22, 2016|title=OCT Group Brief Introduction|date=2012-05-17|publisher=XINHUANET}}
History
- In 1985, OCT starting from a stretch of mud flat beside Shenzhen Bay.{{cn|date=July 2024}}
- In 1994, the former CEO Ren Kelei ({{zh|s=任克雷}}) started reconstructing OCT group's business structure by cutting from more than 30 industries to only 3 main focusing areas.{{cite web|url=http://www.sasac.gov.cn/n1180/n6130640/n9197000/n9197079/|title=华侨城集团总经理任克雷与网民在线交流|date=2009|publisher=SASAC of the State Council|language=Chinese}}
- In November 1997, OCT Group incorporated a subsidiary OCT Holding and listed on Shenzhen Stock Exchange.{{citation|url=https://www.forbes.com/companies/shenzhen-overseas/|title=The World's Biggest Public Companies|date=2016|work=Forbes}}
- In 2000, OCT Group has invested to construct multiple large-scale comprehensive projects, such as Beijing OCT, Shenzhen OCT East, Shanghai OCT, Shanghai Pujiang OCT, Chengdu OCT, Jiangsu Taizhou OCT, Shenzhen Happy Harbor, Yunnan OCT, Tianjin OCT, Wuhan OCT, Xi’an OCT, Qingdao OCT, and so on.{{cn|date=July 2024}}
- In 2004, OCT had been granted a title of the first batch of “National Culture Industry Demonstration Base” by the State Ministry of Culture and had been granted the title of one of the first two “National Culture Industry Demonstration Park Area” by the State Ministry of Culture in August 2007.{{cn|date=July 2024}}
- In 2010, OCT Group has been granted the title of “Top 30 Culture Enterprise” by the Publicity Department of the Chinese Communist Party.{{cite web|url=http://www.chinaoct.com/category.aspx?NodeID=20|title=今日华侨城|trans-title=OCT Today|publisher=Overseas Chinese Town Enterprises|language=Chinese}}
- In 2015, consulting and design firm AECOM ranked OCT parks China as #4 of Top 10 Worldwide Theme Park Groups with 30 million visitors in the year.{{citation|url=http://www.teaconnect.org/images/files/TEA_160_611852_160525.pdf|title=2015 Theme Index|date=2015|publisher=AECOM}}
List of amusement parks
References
{{Reflist|30em}}
External links
- {{Official website}}
{{Real estate companies of China}}
{{authority control}}
Category:Companies based in Shenzhen
Category:Amusement park companies
Category:Government-owned companies of China