1997 was approved as one of the pilot enterprise groups in the State Council 120.
1997, with the approval of the Reply of the Ministry of Finance on Approving the Transfer of Asset Relations of Member Enterprises of Huaxing Group (Caixingzi [1996] No.362), the state-owned rights and interests of seven subsidiaries of China Huaxing Property Group Co., Ltd. were transferred to Huaxing Property Group Co., Ltd., and the transferred state-owned owner's rights and interests were changed to the owner's rights and interests of state-owned legal persons.
1998, approved according to the documents of the Ministry of Internal Trade (No.38, No.83, No.213 [1998]) and the documents of the State Administration of Internal Trade (No.6/kloc-0 [65438]).
Approved by the Central Working Group on Decoupling Non-financial Enterprises and the Document of the Working Group on Decoupling Non-financial Enterprises of the Central Party and Government Organs of the State Council (Guo Decoupling Group [2000] No.6), Huaxing Real Estate Group Co., Ltd. was placed under the management of the Central Enterprise Working Committee in April 2000.
In September 2000, with the approval of the Reply of the State Administration of Domestic Trade on the Adjustment of the Parent Company of Huaxing Group (No.[2000]24 1 of the Internal Trade Bureau), China Huaxing Automobile Trade Holding Company was renamed as China Huaxing Group Company, and Huaxing Property Group Co., Ltd. was cancelled as a legal person, and its formed assets, rights and interests and outstanding claims and debts were merged into China Huaxing Group Company, which was incorporated in 2000.
20 1 1 in may, with the approval of the State Council, China Huaxing group was placed under the management of China Guo Xin holding co., ltd, and was no longer managed by the State Council SASAC.