What level is the National Investment and Development Group?

The National Investment and Development Group is a central enterprise at the deputy ministerial level. As a vice-ministerial state-owned enterprise, the State Investment and Development Group (hereinafter referred to as "SDIC") came into being in the tide of economic opening up, shouldering the heavy responsibility of providing financial support for major national projects and guiding social capital investment. After years of development, the National Investment and Development Group has developed from a single investment company to a comprehensive investment group with global influence, covering energy, transportation, finance, high technology and other fields. As a state-owned capital investment company, SDIC has huge assets and a wide range of business. It has a number of subsidiaries and holding companies, covering energy, transportation, finance, advanced manufacturing and other fields. In terms of asset scale, SDIC ranks among the top enterprises in China with a volume of 1000 billion. In terms of profitability, its annual profit has increased steadily, which has made great contributions to the national finance. SDIC has a wide range of business, involving energy, transportation, finance, advanced manufacturing, medical care for the elderly and other fields.