Chongqing City Investment Group was established in 1993 with a registered capital of 20 billion yuan and is a key state-owned enterprise under Chongqing Municipality. It has 10 wholly-owned enterprises, 2 entrusted management enterprises, 9 holding enterprises, and 34 equity participation enterprises. Among the holding and equity participation enterprises, there are 8 listed companies, with equity investment of 26.5 billion yuan. It is a large state-owned enterprise group specializing in urban construction, investment, and operation. As of the end of 2023, the group's total assets amounted to 184.9 billion yuan, net assets were 120.1 billion yuan, the asset-liability ratio was 35.03%, and it had more than 4,200 employees. Its entity credit rating has maintained AAA level for 16 consecutive years.
Over the 30 years since its establishment, Chongqing City Investment Group has bravely shouldered the responsibility of being the main force in urban construction, with cumulative investment of 330 billion yuan and reserve and consolidation of 185,000 mu of land. It has built 27 cross-river bridges, 31 mountain tunnels, 119 large interchanges, and 400 kilometers of urban expressways; completed 11 public rental housing projects with a total area of 12 million square meters; completed more than 10 urban renewal projects including the protection and restoration of Datianwan Stadium; and operates and maintains 12 bridges and 4 tunnels.
Looking to the future, Chongqing City Investment Group adheres to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, deeply studies and implements the spirit of General Secretary Xi Jinping's important speeches and instructions during his inspection of Chongqing, fully implements the spirit of the 20th National Congress of the Communist Party of China, and implements the decisions and deployments of the Municipal Party Committee and Municipal Government. Centering on the strategic positioning of a comprehensive urban operation service provider, it shapes the core functions of being the main force in urban construction, an investor in urban development, and an overall platform for urban operations, and cultivates core competitiveness in investment and operation for mega mountain cities. Adhering to the development philosophy of "Building a Beautiful Chongqing, Investing in the City's Future, and Creating a Better Life," it focuses on developing three main businesses: urban construction, capital investment, and urban operation, and cultivates two new businesses: healthcare and digital-intelligence empowerment. With a united spirit and craftsmanship in city building, it continuously promotes the group to become stronger, better, and larger, contributing City Investment strength to strive to write the Chongqing chapter of Chinese-style modernization.
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