Hubei Provincial Transportation Investment Co., Ltd. is a wholly state-owned company established in accordance with the Company Law and Document No. 42 of E Zheng Fa [2010], funded by the People's Government of Hubei Province. The State-owned Assets Supervision and Administration Commission of the People's Government of Hubei Province performs the investor duties on behalf of the provincial government. It is a state-owned asset operation and investment-financing entity with investment nature. The company was registered and established on September 30, 2010, with a registered capital of 10 billion yuan.
The company's business philosophy: to conscientiously implement the Scientific Outlook on Development, adhere to the principle of "government guidance, enterprise as the main body, market operation, centralized integration," balance social and economic benefits, base on the transportation industry, around the development strategy of "one main (road, port, and waterway infrastructure industry) and two wings (passenger and freight transportation, modern logistics industry)," with asset operation as the foundation, capital operation as the means, and high-quality projects as support, strive to build the company into a transportation infrastructure investment and financing platform with prominent main business and strong core competitiveness, and a large enterprise with high domestic and international visibility, providing transportation support for the implementation of the province's "two circles, one belt" strategy.
The company's functional positioning and investment priorities: according to the provincial government's regulations, as a professional investment and financing platform serving the province's transportation infrastructure construction, it focuses on investing in transportation infrastructure projects such as highways, ports and waterways, bridges, civil aviation, and railways, as well as related industries such as passenger and freight transportation, modern logistics, and other policy-based projects.
The company's business scope: investment in transportation infrastructure projects such as highways, railways, ports and waterways, aviation, and related industries including passenger and freight transportation and modern logistics, as well as other policy-based construction projects; scientific research, design, construction, supervision, and operation management of transportation infrastructure such as highways and bridges; intelligent transportation; project evaluation and consulting; entrusted investment and asset operation and management; equity investment and corporate mergers and acquisitions; project financing and construction management and operation; land acquisition, reserve, and development; real estate development; modern service industry; venture capital; international economic and technical cooperation.
The company currently has 16 wholly-owned (or holding, or equity-participated) subsidiaries (including Hubei Communications Investment Expressway Development Co., Ltd., Hubei Chutian Expressway Co., Ltd., Hubei Provincial Expressway Industry Development Co., Ltd., Hubei Communications Investment Hailujing Real Estate Co., Ltd., Hubei Communications Investment Commerce and Logistics Co., Ltd., Hubei Jielong Transportation Industry Co., Ltd., Hubei Communications Investment Technology Development Co., Ltd., Hubei Yuanda Transportation Industry Development Co., Ltd., Hubei Communications Investment Ziyun Railway Co., Ltd., Hubei Wuhuang Expressway Operation Co., Ltd., Hubei Huanghuang Expressway Operation Co., Ltd., Gezhouba Hubei Xiangjing Expressway Co., Ltd., Jiangxi Eganwan Road and Bridge Investment Co., Ltd., Hubei Edong Yangtze River Highway Bridge Co., Ltd., etc.), with more than 3,000 employees.
The company has internal departments including the General Office (Party Committee Office, Board Office, General Manager Office), Investment Development Department, Financing and Finance Department (Capital Center), Construction Management Department, Operation Management Department, Business Development Department, Audit Department, Securities Department, Human Resources Department, Discipline Inspection and Supervision Office, Strategic Planning Department, Youth League Committee, and Trade Union.
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