The China Ordnance Equipment Group Corporation, also known as China South Industries Group Corporation (CSGC, ), is a Chinese state-owned manufacturer of automobiles, motorcycles, firearms, vehicle components, and optical-electronic products and other special products domestically and internationally.[1]
History
The company was founded in 1999 and is based in Haidian District, Beijing. CSGC is the parent company of Changan Automobile.
In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included China South Industries Group Corporation.[2][3][4]
In June 2025, the State Council announced the spin-off of the automotive business from China South Industries Group Corporation, Changan Automobile will be separated into an independent Central state-owned enterprise, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) performing the duties of the capital contributor. Following this spin-off, the indirect controlling shareholder of Changan Automobile will change to the central enterprise resulting from the automotive business separation, while the actual controller remains unchanged.[5]
See also
External links
References
- Bethany Allen-Ebrahimian. Defense Department produces list of Chinese military-linked companies Axios, June 24, 2020, retrieved June 24, 2020^
- Shawna Chen. Trump bans Americans from investing in 31 companies with links to Chinese military Axios, November 12, 2020, retrieved November 12, 2020^
- Humeyra Pamuk, Alexandra Alper, Idrees Ali. Trump bans U.S. investments in firms linked to Chinese military Reuters, 2020-11-12, retrieved 2020-11-12^
- Ana Swanson. Trump Bars Investment in Chinese Firms With Military Ties The New York Times, 2020-11-12, retrieved 2020-11-13^
- 新浪科技. 长安与东风重组最新进展，长安汽车分立为独立中央企业 finance.sina.com.cn, 2025-06-05, retrieved 2025-06-05^