State Development & Investment Corporation
Established on May 5, 1995, State Development & Investment Corporation (SDIC) is a state-owned investment holding company approved by 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 endeavor, SDIC has gradually developed a mode of operation featuring equity investment, equity management and equity operation and 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 are maintained or increased.
SDIC practices a parent-subsidiary management system, with Mr. Wang Huisheng as Chairman (legal representative) and Mr. Feng Shidong as President. It has 14 administrative departments and the office of Committee on State-owned Investment Companies of Investment Association of China at its headquarters, as well as 1 investment department, 11 wholly-owned subsidiaries and 12 controlling subsidiaries. In total, there are 184 tier-3 enterprises or above, which SDIC wholly owns or controls. Seven of the enterprises which SDIC controls are public companies, including SDIC Power Holding Co., Ltd. (600886.SH), SDIC Xinji Energy Co., Ltd. (601918.SH), SDIC Zhonglu Fruit Juice Co., Ltd. (600962.SH), SDIC Essence Co., Ltd. (600061.SH), China National Complete Plant Import & Export Corporation (000151.SZ), Hua Lien International (Holding) Co., Ltd. (00969.HK), Zhongxin Fruit and Juice Limited (5EG.SGX) and China National Investment & Guaranty Corporation (834777.NEEQ). These companies forges “SDIC brand” in Chinese capital market.
Looking to the future, in line with the tenet of working for investors, for society and for employees, SDIC will vigorously build itself into a world-class investment holding company.
