The chairman of SDIC is a deputy ministerial cadre. The chairman of China Development and Investment Group Co., Ltd. is a large state-owned enterprise unit under the jurisdiction of the State-owned Assets Supervision and Administration Commission, and belongs to the vice-ministerial central enterprise unit, ranking 52 nd in the list of central enterprises.
State Development and Investment Group Co., Ltd. (hereinafter referred to as "SDIC") 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.