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State Development and Investment Corporation
State investment company in China From Wikipedia, the free encyclopedia
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State Development and Investment Corporation (SDIC) (国家开发投资公司) is the largest state-owned investment holding company in China.[1] It was established on 5 May 1995. [citation needed] SDIC's industrial investment mainly goes to power generation,[2] coal mining,[3] ports and shipping, chemical fertilizer production, and other infrastructure or resource-oriented fields as well as high-tech projects.[citation needed]
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As a pilot company in state-owned assets management appointed by State-owned Assets Supervision and Administration Commission (SASAC) of the State Council of China,[4] SDIC plays a role in optimizing the structure of state sector of the economy.
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