The full name of SDIC Group is National Development and Investment Group Co., Ltd., which was established on May 5, 1995. It is an important state-owned backbone enterprise directly managed by the central government, the only investment holding company among the central enterprises, and the first batch of pilot units for the reform of state-owned capital investment companies. SDIC Group is a large-scale comprehensive state-owned holding enterprise group and one of the main bodies of China's state-owned economy.
At the local level, SDIC Group is a provincial-level state-owned holding enterprise, and the local government owns the controlling stake of the group and is responsible for managing the operation and development of the group.