Caofeidian Holding Group
Caofeidian Holding Group Co., Ltd. (hereinafter referred to as the Company) was established during China's 11th Five-Year Plan period when the country decided to build an economic circle surrounding Beijing, Tianjin and Bohai Sea. This initiative was supported by Hebei Provincial government and Tangshan Municipal government in their efforts to accelerate the development of Caofeidian area. In this context, the Company has taken shape as a joint-stock limited company with the state as the controlling shareholder and private investors as contributors. The registered capital of the Company is RMB 1.47390 billion, of which the State-owned Assets Supervision and Administration Commission of Tangshan Municipal Government invested RMB 825.75 million, accounting for 56.02 percent, the remaining capital being contributed by seven influential private investors from Beijing and Tangshan. In other words, the Company is a state-holding enterprise with legal person status. The controlling shareholder assumes limited liability to the Company within the limits of its capital contribution. The Company assumes responsibility for its debts with all assets.
I. Mission and Function
The main mission of the company is, under the guidance of related policies, in the principle of marketization, to achieve the maintenance and increment of the national assets, as well as participating in construction of major projects in new area in the way of capital operation.
The company is a financing platform and investment subject in Caofeidian region in the financing mode of shareholders’ contribution, loans from commercial banks, strategic investors attracting, corporate bonds issuing, and initial public offering. Its business scope covers: land development and consolidation, infrastructure construction and management, logistics, port construction and operation, project investment, asset management, investment consulting, investment service agency, leasing, and bonding.
II. Investment Direction and Strategy
Investment Direction: I. Industrial Investment. 1. Participation in land development and consolidation; 2. Port construction; and 3. Infrastructure and road construction; II. Financial Investment. 1. Establishing Caofeidian Development Bank and Caofeidian Industrial Investment Fund by joint funds with other financial institutions; 2. Forming a Financial Leasing Company; 3. Becoming a shareholder of Tangshan Commercial Bank. III. Investment in the Service Sector. 1. Participation in the construction and operation of service facilities in the region, such as five-star hotels and office buildings; 2. Participation in the construction and operation of public health and urban infrastructure facilities, such as the construction of a grade Ⅲ-A hospital and urban railway system in the new area.
The company lays equal stress on the long-term and short-term development strategies looking forward to the future and also based on current situation. I. Short-term strategy: the company will purchase the projects that have been operated or are about to operate, and invest other projects in consistent with the investment direction. After a year’s operation, it will apply for issuing enterprise bonds. At the same time, the assessment of the company's assets will lead to the secondary premium of the additional price. And it will be listed within three years’ operation; II. Medium-term strategy: after becoming bigger and stronger, the company will integrate and restructure state-owned assets in the new area. III. Long-term strategy: the company will strive to become first-class investment holding group and the backbone of the economy in Caofeidian, and participate in investment and construction in other domestic and overseas economic regions.
III. People-oriented, Integrity-based Culture
In order to strengthen personnel management, the company will follow the modern enterprise system, establish the competitive and incentive system in which administrative staff can be promoted or demoted, employees can join and leave the company, incomes can be increased or reduced, and improve economic efficiency and market competitiveness. The company takes “Integrity, Pragmatism, Harmony, Reciprocity” as business philosophy, strives to build a capable, efficient and standardized team, gradually forms the professional, modern, international investment holding management pattern, and rapidly becomes the first-class domestic investment holding company.
The company is a financing platform and investment subject in Caofeidian region in the financing mode of shareholders’ contribution, loans from commercial banks, strategic investors attracting, corporate bonds issuing, and initial public offering.
In the afternoon of May 26, the holding company invited Jia Shangui, the former director of Duty Crime Prevention Department of Tangshan Procuratorate, to hold a special lecture on "fighting corruption and promoting integrity".