Is SDIC a state-owned enterprise?

SDIC is a state-owned enterprise. The full name of SDIC is National Development and Investment Group Co., Ltd., which was established by the State Council and State-owned Assets Supervision and Administration Commission. 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.

State Development and Investment Group Co., Ltd. (hereinafter referred to as "SDIC") was established on May 5, 1995. The registered capital of SDIC is 33.8 billion yuan. By the end of 20 17, the total assets were 494 10 billion yuan, the scale of financial assets under management exceeded one trillion yuan, and there were nearly 40,000 employees. In 20 17, the consolidated income of the group was101300 million yuan, and the profit was1820 million yuan.

Since the "second venture" in 2003, the total profit has increased by more than 25% per year at 14, and it has been rated as Grade A in the performance appraisal of the State Council SASAC 13, and has been rated as an excellent enterprise for four consecutive years. SDIC has played a unique role in investment orientation, structural adjustment and capital management in the development of national economy.

Reference: National Development and Investment Group Co., Ltd.-Baidu Encyclopedia