State Development and Investment Corporation
State investment company in China From Wikipedia, the free encyclopedia
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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Native name | 国家开发投资公司 |
|---|---|
| Company type | State-owned enterprise |
| Industry | Investment management |
| Founded | 5 May 1995 |
| Headquarters | Beijing, China |
Key people | Fu Gangfeng (Chairman) |
| Revenue | ¥194.5 billion RMB (2021) |
| ¥46.1 billion RMB (2021) | |
| Total assets | ¥766.4 billion RMB (2021) |
Number of employees | 50,000 (2021) |
| Website | www |
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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