China Shipbuilding Industry Corporation

CSIC consisted of 96 enterprises located in northern China, and employed over 300,000 people. Assets included shipbuilding and industrial enterprises in Dalian (Dalian Shipbuilding Industry Company), Tianjin, Qingdao, Wuhan, Xi'an, Chongqing, and Kunming, as well as 30 research institutes and ten laboratories developing naval and civil vessels and related equipment.

China State Shipbuilding Corporation (CSSC) carried out fundamental institutional restructuring. Ship building and repair enterprises and related equipment manufacturers formerly owned by CSSC in areas of Dalian, Tianjin, Wuhan, Kunming and Xi'an, together with majority of the institutes under China Ship Research & Development Academy, formed China Shipbuilding Industry Corporation (CSIC), which was founded on 1 July 1999 in Beijing. This was part of the overall State Council initiative of 1 July 1999, under which the Chinese government split the top five Defense and Technology Corporations into ten new enterprises. These corporations are all large state-owned enterprises (SOEs) under direct supervision of the State Council. These SOEs include the China State Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation (CSIC).

Merger with China State Shipbuilding Corporation

On 26 November 2019, the shipbuilding conglomerate merged with China State Shipbuilding Corporation again to form new China State Shipbuilding Corporation. The new entity was the world's largest shipbuilder with 20% global market share and US$110 billion in assets. The main factor behind the merger between the two shipbuilding behemoths was corruption within CSIC's structure.

US investment and export restrictions

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 CSIC.

In December 2020, the United States Department of Commerce added 25 research institutes affiliated with CSIC to the Bureau of Industry and Security's Entity List due to their role in territorial disputes in the South China Sea.