State Development and Investment Corporation explained
| State Development and Investment Corporation |
| Native Name: | 国家开发投资公司 |
| Type: | State-owned enterprise |
| Industry: | Investment management |
| Location: | Beijing, China |
| Key People: | Fu Gangfeng (Chairman) |
| Revenue: | ¥194.5 billion RMB (2021) |
| Net Income: | ¥46.1 billion RMB (2021) |
| Assets: | ¥766.4 billion RMB (2021) |
| Num Employees: | 50,000 (2021) |
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.
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.
Notes and References
- Book: East Asia and food (in)security . 2016 . Routledge . London . 9781138946699 . 142.
- Franz . Becker . Bernhard . Baus-Neufang . Andreas . Seeliger . Integrated planning of the partially automated Banji coal mine in China . Procedia Earth and Planetary Science . September 2009 . 1 . 1 . 1312–1319 . 10.1016/j.proeps.2009.09.202 . 2009PrEPS...1.1312B . "The SDIC-group was formed by merging companies of the energy producing, mining and communication industry as well as other industrial sectors.". free .
- Web site: Velinski . Marc . China's Ambiguous Positions on Climate and Coal . French Institute of International Relations . 19 September 2019 . 11 March 2023 . en.
- Wang . Yingyao . The rise of the 'shareholding state': financialization of economic management in China . Socio-Economic Review . July 2015 . 13 . 3 . 603–625 . 10.1093/ser/mwv016 . 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".
