Traditional Culture Encyclopedia - Travel guide - Is CTS developer a state-owned enterprise or a central enterprise?
Is CTS developer a state-owned enterprise or a central enterprise?
It is a state-owned enterprise and a central enterprise. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively; A central enterprise refers to a wholly state-owned or state-owned holding enterprise whose functions and powers are exercised by the central people's government or the state-owned assets supervision and administration institution as the investor, and whose leading institutions are directly managed by the central government or entrusted by the central ministries and commissions such as the Central Organization Department and the the State Council SASAC. CTS developers are affiliated to China Tourism Group Co., Ltd., while China Tourism Group Co., Ltd. is an important state-owned backbone enterprise directly managed by the central government and a super-large central enterprise managed by the State-owned Assets Supervision and Administration Commission of the State Council, so CTS developers are both state-owned enterprises and central enterprises. China Travel Agency Group is both a state-owned enterprise and a central enterprise. Founded in 1990, it is the first large-scale tourism enterprise group in domestic tourism industry. China China Travel Service (CTS) is the core enterprise of the Group, which is composed of wholly-owned subsidiaries, holding and shareholding enterprises of China CTS.
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