Hangzhou Chengdong New City Construction Investment Co., Ltd. (formerly Hangzhou Railway Investment Co., Ltd.) was established on December 31, 2006. It is a state-owned enterprise directly under Hangzhou Qianjiang New City Investment Group Co., Ltd., with a registered capital of 3 billion yuan and total assets of approximately 15.4 billion yuan. The company is mainly responsible for implementing primary land development covering a total area of approximately 19.3 square kilometers within the Chengdong New City and Phase II of Qianjiang New City (the Jianghe Confluence Block and the Qianjiang New City Jiangwan Block) in Shangcheng District, while also undertaking secondary development. By the end of 2020, the company had completed fixed asset investment totaling 87.5 billion yuan.
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