China Poly Group
 | |
 New Beijing Poly Plazain 2020 | |
| Poly Group | |
Native name | Trung Quốc bảo lợi tập đoàn công ty |
Romanizedname | Zhōngguó Bǎolì Jítuán |
| Company type | State-owned enterprise |
| Industry | Conglomerate |
| Founded | 1999 |
| Headquarters | Beijing , |
Key people | Zhengao Zhang (President and Director), Xu Wang (Vice President), Ming Xue (Vice President), Wang Lin (Vice President) |
| Revenue | 305,646,000,001 renminbi (2018) |
| Parent | State-owned Assets Supervision and Administration Commission of the State Council |
| Subsidiaries | Poly Technologies |
| Website | www |
China Poly GroupCorporation (Chinese:Trung Quốc bảo lợi tập đoàn công ty;pinyin:Zhōngguó Bǎolì Jítuán Gōngsī) is astate ownedChinese business group among 102 centralstate owned enterprisesunder the supervision ofState-owned Assets Supervision and Administration Commission of the State Council(SASAC).
It is both primarily engaged in representing the Chinese defense manufacturing industry in international sales and the world's third largest art auction house (behindSotheby'sandChristie's).[1][2]
History
[edit]With the approval of the State Council, China Poly Group Corp. was set up on the basis ofPoly Technologies, Inc.in February 1992. Poly Technologies was formed in 1984 as an arms-manufacturing wing of thePeople's Liberation Army.[3][2]
Poly Corporation Headquarters
[edit]The Poly Corporation Headquarters inBeijing,designed bySkidmore, Owings & Merrill(SOM), serves as a central hub for the company's subsidiaries. The building features a 90-meter-tall atrium, enclosed by the world’s largest cable-net-supported glass wall, creating a visually striking centerpiece. The structure incorporates sustainable design elements, such as a double-layer low-e glass facade and a roof garden to enhance energy efficiency. Additionally, the building houses the Poly Museum, which showcases China’s cultural antiquities, suspended within the atrium by innovative engineering.[4]
Procurement actions during the COVID-19 pandemic
[edit]Group entities were active in procurement during theCOVID-19 pandemic.Figures from China Customs show that some 2.46 billion pieces of epidemic prevention and control materials had been imported between 24 January and 29 February, including 2.02 billion masks and 25.38 million items of protective clothing valued at 8.2 billion yuan ($1 billion). Press obtained internal documents showing that the group, together with other Chinese companies and state-owned enterprises – such asCountry GardenandGreenland Holdings– had an important role in scouring markets in countries around the world to procure essential medical supplies and equipment. The company said its operation was staff-led, and was "driven out of pure compassion for our people who have friends and family in the Wuhan region".[5]
Subsidiaries
[edit]- Poly Property
- Poly Real Estate
- Poly Technologies
- Poly Culture
- Poly Theatre
- Poly Auction
References
[edit]- ^Bowley, Graham and Barboza, David."An Art Power Rises in China, Posing Issue for Reform"Archived6 December 2017 at theWayback Machine,The New York Times,16 December 2013. Retrieved 5 July 2016.
- ^abNunns, Cain (25 February 2013)."China's Poly Group: The most important company you've never heard of".Public Radio International.Archivedfrom the original on 25 August 2021.Retrieved20 July2019.
- ^Cooper, Sam; Quan, Doug (26 August 2017)."How a murky company with ties to the People's Liberation Army set up shop in B.C."The Vancouver Sun.Archivedfrom the original on 20 July 2019.Retrieved20 July2019.
- ^"Poly Corporation Headquarters - SOM".som.31 August 2024.
- ^Millar, Kate McClymont, Royce (2 April 2020)."Billions of face masks sent to China during bushfire crisis".The Sydney Morning Herald.Archivedfrom the original on 18 April 2020.Retrieved3 April2020.
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External links
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