Hunan Xiangjiang New Area Development Group Co., Ltd. (abbreviated as Xiangjiang Group) was established in April 2016. It is a large state-owned investment company covering area development, urban operations, financial services, and industrial investment. It is an important carrier for infrastructure construction, area development, modern industrial system construction, ecological environment development and governance, and two-oriented society construction in Hunan Xiangjiang New Area. The company has a registered capital of 35.5 billion yuan, with 11 centers, 9 wholly-owned subsidiaries, 3 joint-stock subsidiaries, 21 wholly-owned grandchild companies, 2 controlling grandchild companies, and 19 joint-stock grandchild companies, with more than 1,500 employees. As of August 2019, the company's total assets reached 71.13 billion yuan.
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