State Development & Investment Corporation (SDIC) - Developer, Owner
Established on May 5, 1995, State Development & Investment Corporation (SDIC) is a state-owned investment holding company approved by the state council. SDIC had a registered capital of RMB 19.47 billion (USD 3 billion), RMB 495.5 billion (USD 75.4 billion) in total assets, RMB 772.2 billion (USD 117.5 billion) in the assets under management (AUM) in finance, and 74058 employees by the end of 2015. Its gross revenue and total profit in 2015 were RMB 104.2 billion (USD 15.9 billion) and RMB 16.5 billion (USD 2.5 billion) respectively. SDIC has been graded A-class in the annual performance assessment conducted by SASAC for 12 consecutive years and appraised as “Excellently-Performing Enterprise” for four consecutive rounds.
Since its establishment, SDIC has been improving its development strategy and asset mix, and gradually developed its four strategic business sectors, namely infrastructure-related industry, emerging industries, financial services as well as international business. Infrastructure-related industry refers to energy industries such as power generation, communication such as road and port and the development of strategic and rarely-existed mineral resources. Emerging industries focuses on the synergy between fund investment and investment holding, targeting advanced manufacturing industry, health, municipal environmental protection, biomass energy, etc. Financial services refer to securities, banking, security fund, trust, insurance, guarantee, futures, financial company, financial leasing, etc. Consulting service refers to project engineering, asset management, consultancy, property management, etc. International business refers to overseas direct investment, international engineering contract and international trade, etc.
After 20 years of exploration and endeavour, SDIC has gradually developed a mode of operation featuring equity investment, equity management and equity operation and the combination of asset operation and capital operation. Specifically, it is about obtaining equity through investment, increasing the value of invested-in enterprises through equity management, and gaining profits through equity transfer or equity operation. Eventually, the value of state-owned assets is maintained or increased.
