Is Vanke a state-owned enterprise or a private enterprise?

Vanke Company was established in May, 1984 with a total share capital of 109952 10200 shares (in the second quarter of 2008). Its headquarters is located in Vanke Center, No.33 Huanmei Road, Dameisha, Yantian District, Shenzhen City, Guangdong Province, China, and it is currently Chairman of the Board of Directors Yu Liang.

On September 10, 2020, the list of the top 500 private enterprises in China in 2020 was released, and Vanke Co., Ltd. ranked ninth, with an operating income of 367,893,880 yuan.

The difference between state-owned enterprises and private enterprises;

1. Different investors:

State-owned enterprises are invested by the state and private enterprises are invested by private enterprises. This was originally called ownership. State-owned enterprises are owned by the whole people and private enterprises are owned by the private sector. A joint venture is a joint venture between domestic capital and foreign capital. Finally, a purely foreign-funded enterprise is called a foreign-funded enterprise.

2, the responsibility object is different:

State-owned enterprises are responsible to the owners of state-owned capital, that is, the owners of ownership by the whole people. Officially, they are responsible to the state-owned capital management department of the local government. The government and state-owned capital management departments are responsible for supervising the operation and appreciation of state-owned assets on behalf of the state. Private enterprises are responsible for the shareholders' meeting, that is, who is the investor and who is the beneficiary. If operated according to the modern enterprise system, there will be corresponding board of directors, board of supervisors and operation management team.

3, the responsibility mentality is different:

The main difference between them lies in the ownership spirit and its influence of enterprise leaders and supervisors. Generally speaking, the leaders or supervisors of private enterprises have a stronger spirit. The larger the scale of private enterprises, the greater the degree of equity dispersion, the more complicated the management, and the more complicated the leadership and supervision of private enterprises. The average size of this class is very small.

The lower the spirit of the owner, the higher the degree of corruption; The higher the owner's spirit, the higher the degree of decision-making discretion and the lower the potential risk; The higher the owner's spirit, the stronger the desire for profit, and the stronger the role of promoting enterprise development. For innovation, the more innovative your majesty is; The higher the spiritual level of the owner, the greater the motivation to save money. The higher the spirit of enterprise ownership, the more serious the leadership work and the higher the sense of responsibility of enterprise management, it will reduce the laziness of employees and urge them to work hard.

Reference to the above content: Baidu Encyclopedia-Vanke