Hunan Development Asset Management Group Co., Ltd.

Hunan Development Investment Group Co., Ltd. (abbreviated as "Development Group") is a provincial-level enterprise upgraded and renamed from Hunan Provincial Land Capital Operation Co., Ltd., which was established in 2002. It is authorized by the provincial government to be jointly managed by the Hunan Provincial Department of Finance and the Hunan Provincial Department of Land and Resources. The company has a registered capital of RMB 10 billion.
The Development Group is mainly engaged in investment in infrastructure projects such as transportation and energy supply; investment in basic industrial projects such as the energy industry and information industry; land resource reserve and comprehensive development; mineral resource reserve and comprehensive development; equity investment and mergers and acquisitions; investment in the financial industry; holding and operating, as authorized, state equity formed from state-owned land and mining rights of central units in Hunan and provincial restructuring enterprises; capital operations and provision of consulting services, and other businesses.
The Development Group has two wholly-owned subsidiaries: Hunan Development Group Land Reserve and Development Co., Ltd. and Hunan Development Group Mining Development Co., Ltd.; it controls one listed company, namely Hunan Development Group Co., Ltd.; it controls one unlisted company, namely Hunan Development High-tech Real Estate Co., Ltd.; it has established Hunan Intercity Railway Co., Ltd. as a joint venture (50% capital contribution each) with Guangzhou Railway Investment (Group) Company; the company also holds minority stakes in more than 30 enterprises, including Wuhan-Guangzhou Railway Passenger Dedicated Line Company, Kaiyuan Development (Hunan) Fund Management Co., Ltd., Valin Group, Zoomlion, Hunan Nonferrous, Fortune Securities, Zixing Shanghai Pudong Development Bank Village Bank, Miluo China Development Bank Village Bank, Hunan Cultural Tourism Industry Fund, and Datang Huayin Youxian Energy Co., Ltd. Its business scope covers industries such as land, mining, hydropower, railways, steel, nonferrous metals, energy, insurance, foreign trade, logistics, paper, chemicals, construction machinery manufacturing, and securities.
The Development Group adheres to the "one main body, two wings" development strategy (one main body: taking investment and financing for important industries and major project construction of the "two-oriented society" in the Changsha-Zhuzhou-Xiangtan urban agglomeration as the main body; two wings: first, the acquisition, reserve, and development operations of land resources and mining resources; second, the operation and management of assets and capital.), adheres to the business philosophy of "operating in accordance with the law and regulations, and innovating scientifically for development," actively devotes itself to the construction of infrastructure and basic industries within Hunan Province, especially the construction of the "two-oriented society" experimental zone in the Changsha-Zhuzhou-Xiangtan urban agglomeration, takes asset management and capital operation as links, and strives to build a modern enterprise with standardized management, distinctive characteristics, and outstanding benefits, serving Hunan Province's scientific and leapfrog development and the realization of enriching the people and strengthening the province.