State Development and Investment Corporation

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. 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.

State Development and Investment Corporation
Native name
国家开发投资公司
TypeState-owned enterprise
IndustryInvestment management
Founded5 May 1995 (1995-05-05)
HeadquartersBeijing, 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)
Websitewww.sdic.com.cn

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.

References
  1. East Asia and food (in)security. London: Routledge. 2016. p. 142. ISBN 9781138946699.
  2. Franz, Becker; Bernhard, Baus-Neufang; Andreas, Seeliger (September 2009). "Integrated planning of the partially automated Banji coal mine in China". Procedia Earth and Planetary Science. 1 (1): 1312–1319. Bibcode:2009PrEPS...1.1312B. doi:10.1016/j.proeps.2009.09.202. The SDIC-group was formed by merging companies of the energy producing, mining and communication industry as well as other industrial sectors.
  3. Velinski, Marc (19 September 2019). "China's Ambiguous Positions on Climate and Coal". French Institute of International Relations. Retrieved 11 March 2023.
  4. Wang, Yingyao (July 2015). "The rise of the 'shareholding state': financialization of economic management in China" (PDF). Socio-Economic Review. 13 (3): 603–625. doi:10.1093/ser/mwv016. Retrieved 11 March 2023. Since 2005, SASAC has uprooted three industrial SOEs under its supervision—State Development and Investment Corporation (SDIC), China Chengtong Group and China Guoxin Corporations—from their sectoral production and remoulded them into holding and investment companies
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