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Is CNTIC International Tendering Company a state-owned enterprise?

There are state-owned bidding companies, but most bidding agencies are privately owned. CNTIC International Tendering Co., Ltd. is a state-owned enterprise.

It is China's first organized trading enterprise engaged in international and domestic bidding and procurement business approved by the former Ministry of Foreign Economic Relations and Trade.

It is the earliest important window for the country to use foreign capital to introduce advanced foreign technologies and complete sets of equipment.

Overview of CNTIC International Tendering Company: 1. Company Overview: CNTIC International Tendering Company is China's first organized trading enterprise engaged in international and domestic bidding and procurement business established with the approval of the former Ministry of Foreign Economic Relations and Trade.

It is the earliest important window for the country to use foreign capital to introduce foreign advanced technology and complete sets of equipment, setting many firsts in my country's use of foreign capital to introduce technology and important technical equipment.

Undertaken the first batch of loan projects provided to China by the Japan Overseas Cooperation Fund (OECF) in 1979.

Introduce technology and equipment to build the "two ports" - Qinhuangdao Port and Baijiusuo Port, and the "two roads" - the Beijing-Qinhuangdao railway and the two electrified railways from Yanzhou to Shijiusuo.

Undertaken the first batch of loan projects after the World Bank restored my country's membership in 1980 - university development projects.

Undertaken the first Asian Development Bank loan project in 1988 - Changshan Power Plant Project.

2. Extensive business scope: The company's business scope mainly undertakes bidding and procurement agency services, including: loans from international financial organizations (World Bank, Asian Development Bank), loans and donations provided by foreign governments; government procurement; domestic fund bidding.

Domestic cash procurement, engineering construction project bidding, service bidding and bidding business consulting.

The company insists on extending and expanding its main business in terms of service content. In addition to undertaking international and domestic bidding business for goods and projects, the company has extended its bidding business to project planning, design, supervision, legal person bidding and other service areas.

3. Organizational structure: functional departments: office, corporate management and development department, finance department, human resources department, legal risk control and information department.

Business departments: First Business Department, Second Business Department, Third Business Department, Fourth Business Department, Fifth Business Department, Sixth Business Department, Seventh Business Department.

3 Management team: President of CNTIC International Tendering Company, Chairman of General Technical Consulting Co., Ltd.: Liu Debing.

Secretary of the Party Committee and Vice President of CNTIC International Tendering Company: Chen Fuyuan.

Vice President of CNTIC International Tendering Company and General Manager of General Technical Consulting Co., Ltd.: Liu Kun.