Established on May 5, 1995, State Development & Investment Corp., Ltd. (SDIC) is a state-owned investment holding company approved by the State Council. SDIC had a registered capital of 33.8 billion RMB yuan (5.1 billion USD). By the end of 2021, it has 766 billion RMB yuan in total assets and approximately 50,000 employees. Its gross revenue and total profit in 2021 were 194.5 billion RMB yuan and 46.1 billion RMB yuan (7.23billion USD) respectively. Since its Second Pioneering Campaign started in 2003, SDIC has been graded A-class in the annual performance assessment conducted by SASAC for 18 consecutive years and appraised as “Excellently-Performing Enterprise” for five consecutive rounds. SDIC has played its unique role of investment guidance, restructuring and capital operation in China's national economic development.Since its establishment, SDIC has been sticking to serving the national strategies, streamlining layout of state-owned asset investment and enhancing industrial competitiveness with a view to playing the leading role in of state-owned capital in key areas to maintain and increase the its value. Given years of continuous exploring for innovation and restructuring, SDIC has formed three business units in both domestic and international market, namely infrastructure-related industries, strategically emerging industries and financial services & other services. Infrastructure-related industries focus on energy industry such as power generation, transportation industries such as port, railway, oil & gas pipelines, as well as mineral development industry such as potash. Strategically emerging industries focus on advanced manufacturing, new materials, bio energy, health & old age caring, pharmaceutical, testing, smart technology, environmental protection, engineering design etc., through the combination of equity investment and fund management. Financial services & other services focus on securities, fund, trust, guarantee, futures as well as asset management, human resources, international trade, consulting and property management.