China National Technical Import and Export Corporation
| Company type | State-owned enterprise |
|---|---|
| Industry | International trading, engineering |
| Founded | 1952 |
| Headquarters | Beijing , People's Republic of China |
Area served | Asia, Africa, Europe (20 countries) |
| Products | Equipment export, project contracting, project management services |
| Owner | State-owned Assets Supervision and Administration Commission of the State Council (SASAC) |
| Parent | China General Technology Group (Genertec) |
China National Technical Import and Export Corporation (CNTIC; ) is a state-owned international trading and engineering enterprise based in the People's Republic of China. Its core activities center on supporting projects associated with the Belt and Road Initiative. Established in 1952, CNTIC became part of China General Technology Group (Genertec), a state-owned conglomerate overseen by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), in 1998. The company’s headquarters are located in Beijing’s Fengtai District, managing nine subsidiaries domestically along with 23 branches operating across 20 countries spanning Asia, Africa, and Europe.
CNTIC has been instrumental in facilitating equipment and technology transfer into China and stands as a major exporter of complete equipment sets, international project contracting, and comprehensive project management services. With operations extending to 105 countries and regions, it has successfully executed more than 7,500 projects valued at upwards of $120 billion. The firm’s clientele includes sectors such as electricity generation, transportation infrastructure, telecommunications, petrochemical industries, metallurgy, building material production, electronics manufacturing, mechanical engineering, pharmaceuticals, agriculture, forestry, and education. Recognized as one of the largest manufacturers of factories and plants globally, CNTIC possesses extensive expertise in project oversight.
Corporate history
Founded during China’s initial five-year plan in 1952 to enhance state industrial capabilities, CNTIC operated under the Ministry of Foreign Trade and Economic Cooperation (currently the Ministry of Commerce) for approximately forty years. In 1998, it was incorporated as a subsidiary under China General Technology Group—a state-owned national champion and founding member of the Fortune Global 500. The company underwent reorganization in 2022 to become Genertec International Holding Co., Ltd. Some accounts reference a recharter occurring in 1983 that coincided with the creation of the Ministry of State Security (MSS).
In 2008, CNTIC secured a contract with Indonesia’s state-owned utility Perusahaan Listrik Negara to construct a 660-megawatt thermal power plant located in Cilacap.
In 2010, former CNTIC president Jiang Xinsheng received a 20-year prison sentence for bribery and leaking classified information to French corporation Areva (later renamed Framatome) during bidding processes for nuclear reactor projects at Chinese power facilities. Areva was competing against Westinghouse Electric Company for contracts at Sanmen and Yangjiang Nuclear Power Stations. Although Westinghouse won those bids, Areva was unexpectedly awarded the contract for the Taishan Nuclear Power Plant development in Guangdong province.
Influence operations
CNTIC holds close to 54% ownership in Sanya Nanshan Pumen Tourism Development. The Nanshan Temple situated in Sanya, Hainan serves as an MSS front operated by the Shanghai State Security Bureau with objectives to influence Buddhist practices across South Asia, counterbalance Indian governmental influence, and promote religious activities endorsed by the Chinese Communist Party.
The temple’s managing entity is controlled by personnel connected to the Shanghai State Security Bureau, including general manager Xu Yuesheng who also participates on boards of affiliated charitable organizations. Leadership positions within the company are occupied by individuals suspected to be intelligence operatives. While official documentation indicates minimal direct ownership by the bureau itself, most shares are ultimately linked to Wu Feifei—an executive associated with MSS front companies engaged in property development, investment ventures, and Buddhist tourism enterprises.
Financial disclosures reveal that in 2019 Nanshan Temple transferred ¥174 million (approximately A$37 million) to companies controlled by the Shanghai State Security Bureau, vastly exceeding the ¥3 million (around A$600,000) paid directly to the temple. This financial arrangement highlights how the bureau benefits economically from religious tourism operations connected to CNTIC.
Equity Holdings
- State Nuclear Power Technology Corporation – 4% stake
- Sanya Nanshan Pumen Tourism Development – 54% ownership through its subsidiary Shanghai Shangke Enterprises ()