| China Poly Group Corporation | |
| Trading Name: | Poly Group |
| Native Name: | 中国保利集团公司 |
| Native Name Lang: | zh |
| Romanized Name: | Zhōngguó Bǎolì Jítuán |
| Type: | State-owned enterprise |
| Industry: | Conglomerate |
| Hq Location City: | Beijing |
| Hq Location Country: | China |
| Key People: | Zhengao Zhang (President and Director), Xu Wang (Vice President), Ming Xue (Vice President), Wang Lin (Vice President) |
| Parent: | State-owned Assets Supervision and Administration Commission of the State Council |
| Subsid: | Poly Technologies |
China Poly Group Corporation is a state owned Chinese business group among 102 central state owned enterprises under the supervision of State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
It is both primarily engaged in representing the Chinese defense manufacturing industry in international sales and the world's third largest art auction house (behind Sotheby's and Christie's).[1] [2]
With the approval of the State Council, China Poly Group Corp. was set up on the basis of Poly Technologies, Inc. in February 1992. Poly Technologies was formed in 1984 as an arms-manufacturing wing of the People's Liberation Army.[3]
See main article: Shortages related to the COVID-19 pandemic.
Group entities were active in procurement during the COVID-19 pandemic. Figures from China Customs show that some 2.46 billion pieces of epidemic prevention and control materials had been imported between 24 January and 29 February, including 2.02 billion masks and 25.38 million items of protective clothing valued at 8.2 billion yuan ($1 billion). Press obtained internal documents showing that the group, together with other Chinese companies and state-owned enterprises – such as Country Garden and Greenland Holdings – had an important role in scouring markets in countries around the world to procure essential medical supplies and equipment. The company said its operation was staff-led, and was "driven out of pure compassion for our people who have friends and family in the Wuhan region".[4]