Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED

(601668)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

China State Construction Engineering : Hungary signs strategic cooperation agreement with China's Fudan University

04/28/2021 | 03:06am EDT

Hungary's government has signed a strategic cooperation agreement with China's Fudan University, clearing the way for preparations to establish a campus in Budapest, the Innovation and Technology Ministry said on April 27.

The agreement was signed at an online event by Innovation and Technology Minister Laszlo Palkovics and Fudan University President Xu Ningsheng.

The document outlines goals, educational directives and the location of the Fudan Hungary University campus, the ministry said. The sides reaffirmed that the development of the campus would dovetail with the student quarter programme and would not contravene those plans, it added.

"Fudan Hungary University offers a unique opportunity for Hungarian, Chinese and students of other nationalities to get diplomas, finish specializations and deepen their knowledge. The institution aims to encourage joint research and education projects with Hungarian and European universities," the ministry said.

Fudan Hungary University is expected to launch with a teaching staff of 500 and 6,000-8,000 students, offering programmes in economics, social sciences, the natural sciences, engineering and medical studies.

In February, Hungary's and China's ministries in charge of higher education signed a memorandum of understanding on cooperating to establish Fudan University's campus in Budapest. In the MoU, the ministries agreed to support the establishment of a "world-class, research-oriented university active in many areas of education" in Budapest.

More than 30,000 students are enrolled at Shanghai-based Fudan University, which is placed 34th in the latest annual QS World University Ranking.

Fudan’s arrival to Hungary has sparked heated political debates. It comes after the Fidesz government forced the private CEU University to move its English language classes to Vienna because of Prime Minister Viktor Orban's vendetta against its founder, the Hungarian-American philanthropist George Soros.

The construction of Budapest campus will be excluded from EU procurement rules. According to government documents, China State Construction Engineering Corporation (CSCEC), the largest construction company in the world by revenue, will be in charge of the HUF500bn (€1.4bn) project, which is more than what Hungary spends on higher education in a year. 

The opposition fears that the construction of Fudan, covering 520,000 sqm, would impede plans to build the Student City, a new zone in the south of Budapest offering accommodation for 8,000-10,000 students.

The Southern City Gate project in Budapest will include plans both to build a student accommodation quarter and a campus for China’s Fudan University, Innovation and Technology Minister Laszlo Palkovics said at a ceremony awarding bidders in an international tender for designs for the area. Palkovics confirmed that Fudan campus would not take space from Student City.

 

©2021 bne IntelliNews , source Magazine

All news about CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED
06/30CHINA STATE CONSTRUCTION ENGINEERING : Ex-dividend day for final dividend
FA
06/03CHINA STATE CONSTRUCTION ENGINEERING : Budapest district mayor renames streets a..
AQ
05/31CHINA STATE CONSTRUCTION INTERNATION : Plans US Dollar Bond Sale for Debt Paymen..
MT
05/10CHINA STATE CONSTRUCTION ENGINEERING : Bravo! CSCEC wins HSE Initiative of the Y..
AQ
04/29China State Construction Engineering Corporation Limited Reports Earnings Res..
CI
04/28CHINA STATE CONSTRUCTION ENGINEERING : Hungary signs strategic cooperation agree..
AQ
04/16China State Construction Engineering Corporation Limited Reports Earnings Res..
CI
03/18CHINA STATE CONSTRUCTION INTERNATION : to Pay Final Dividend as Profit Jumps Nea..
MT
03/14CHINA STATE CONSTRUCTION ENGINEERING : New Contracts Surge 43% in January-Februa..
MT
01/13CHINA STATE CONSTRUCTION ENGINEERING : Australian treasurer won't say if he was ..
AQ
More news
Financials
Sales 2021 1 809 B 279 B 279 B
Net income 2021 50 331 M 7 766 M 7 766 M
Net Debt 2021 233 B 35 989 M 35 989 M
P/E ratio 2021 3,92x
Yield 2021 4,99%
Capitalization 196 B 30 302 M 30 304 M
EV / Sales 2021 0,24x
EV / Sales 2022 0,20x
Nbr of Employees 356 864
Free-Float 42,2%
Chart CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED
Duration : Period :
China State Construction Engineering Corporation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Last Close Price 4,68 CNY
Average target price 7,55 CNY
Spread / Average Target 61,3%
EPS Revisions
Managers and Directors
Xue Xuan Zheng President & Director
Yun Lin Wang Chief Financial Officer & Vice President
Zhi Ping Shi Chairman-Supervisory Board
Chun Jin Yang Independent Director
Hai Long Yu Independent Director
Sector and Competitors