City Investment Company is the abbreviation of Urban Construction Investment Company, and it is the financing platform for government investment in major cities in China. Originated from 199 1, it is a special market operator who undertakes corresponding government functions. They make profits through government subsidies, belong to a special market operator and have the nature of government.
Responsible for the registration, supervision and management of various enterprises, farmers' professional cooperatives, units and individuals engaged in business activities, and resident representative offices of foreign (regional) enterprises, and bear the responsibility of investigating and banning unlicensed operations according to law, so the city investment company is managed by the industrial and commercial department.
legal ground
Article 258 Protection of State-owned Property of the Civil Code of People's Republic of China (PRC) All state-owned property is protected by law, and it is forbidden for any organization or individual to occupy, plunder, privately divide, intercept or destroy it.