Jiangsu Coastal Development Group Co., Ltd. is an important investment and financing platform established by the provincial party committee and government in coordination with Jiangsu coastal development strategy. The initial registered capital of the group company is 5 billion yuan, gradually increasing to 654.38+0 billion yuan. The group company is mainly engaged in the large-scale reclamation and development of Jiangsu coastal beaches, the comprehensive development and management of beach resources, and the implementation of the comprehensive experimental area for reclamation and development of one million mu of beaches; Build a financing system for coastal development, issue corporate bonds, set up equity funds for coastal development and industrial development, and initiate the establishment of Jiangsu Coastal Development Bank; Invest in major coastal industrial projects. The group company is undertaking the reclamation project of 400,000 mu of strip mudflats along the coast.
The group company now manages more than 400,000 mu of land, and has 29 wholly-owned, holding and shareholding enterprises with nearly 5,000 employees. By the end of June 20 10, the total assets of the group company were 8.489 billion yuan and the net assets were 6.787 billion yuan.