According to the enterprise data, Beijing State-owned Assets Management Co., Ltd. (hereinafter referred to as Beijing State-owned Assets Management Company) was established in 1992, merged with the former Beijing Overseas Investment Management Center in April 2006, and was restructured and reorganized by the Beijing Municipal Government according to the modern enterprise system, becoming a large state-owned sole proprietorship company specializing in capital operation. Its predecessor is Beijing State-owned Assets Management Company, which manages important state-owned assets in Beijing. By the end of 2006, the total assets of Beijing state-owned companies were 193. 0.2 billion yuan, net assets 105. 4.6 billion yuan. Beijing State-owned Company was established from 1992 to 2006. It is the undertaker and operator of major projects in Beijing, with rich experience in capital operation and unique competitive advantages. The industries invested by Beijing state-owned companies are mainly concentrated in three areas: modern financial services, high-tech and modern manufacturing, urban public utilities and social undertakings. At present, the assets managed by holding companies exceed 300 billion yuan, and there are hundreds of shareholding and holding companies.