Sichuan Provincial Investment Group Co.,Ltd (hereafter referred as SCIG)is a management entity of state-owned assets as well as financing and investment entity for major construction projects authorized by the Sichuan Provincial Government. It is a wholly state-owned company under the Sichuan Provincial State-owned Assets Supervision and Administration Commission. Founded in 1988, the company was reorganized into Sichuan Provincial Investment Group at the approval of the provincial government in April 1996. SCIG, headquartered in NO.1 Linjiang West Street, Wuhou District, Chengdu, has a total registered capital of 10 billion yuan.
With over 7,000 employees, SCIG has 14 functional departments and boasts 9 wholly-owned subsidiaries including Jiayang Group, Kangding Hydropower, Sichuan Chuantou Emei Ferroalloy Group, Sichuan Chuantou Water Group Corporation, and several in the fuel, real estate, tennis and asset management business. It also has a controlling interest in 15 companies including Sichuan Chuantou Energy (which has a controlling interest in Tianwanhe Company, Power Company, Jiayang Power, Tianpeng Power and Jiaoda Guangmang, and it has stake in Yalongjiang Company and Guodian Daduhe Company), Zipingpu, Chuannan Power Generation, Chuantou Gas and Power, Chuantou Hangxin Equity and Fund Management, Chuantou Zhixin, Chuantou Guomao, Jiayou Property, Xingchuan Construciton, Chuantou Emei Tourism, Chuantou Power Sales, West China Dental Company, Chuantou Health, Chuantou Yixin Lake and Chuantou New Area Construction. Moreover, SCIG also holds stakes in a batch of quality programs including Sichuan Energy group under Shenhua, Zhongdian Fuxi Power Generation Company, Tingzikou water-control project, Bank of Communications and Jintai Insurance.
Through continuous hard work and brave endeavors over the past three decades, SCIG has become a comprehensive asset investment group with its business involving hydropower generation, thermal power generation, natural gas generation, new energy, financing (fund), raw material industry, infrastructure construction, tourism development, property development, hotel management, sports, food processing, modern medicine, as well as domestic and international trade. By the end of 2016, SCIG boasted a total asset of 51.09 billion yuan and net asset of 29.185 billion yuan; its operating income was 7.677 billion yuan and it boasted a total profit of 3.741 billion yuan.
Under the support of the CPC Sichuan Provincial Committee, the Sichuan Provincial Government and the Sichuan Provincial State-owned Assets Supervision and Administration Commission, SCIG has been dedicated to the mission of “Obeying the overall Sichuan and serving the economy of Sichuan; leading industrial development and creating social wealth” and to the vision of “becoming a first-class asset investment group in China’s western region.” Currently, SCIG is pushing forward the “3233” core development. It has successfully built electricity sales platform and West China Dental Company, actively got involved in new energy development and promoted modern service industries like tourism, education and medicine. It is also actively involved in new strategic industries and high-tech development in Sichuan, while at the same time promotes optimization and upgrade of traditional industries. During the 13th Five-year Plan period, SCIG will strive to achieve an annual investment growth of 10 percent, annual income growth of 10 percent, and annual total asset growth of 10 percent; it will also strive to reach an asset securitization rate of over 60 percent, have a controlling share in over three listed companies, with an overall fund scale of over 50 billion and total asset over 100 billion yuan or even around 200 billion yuan; it will also make efforts to top all state-owned companies in Sichuan in terms of profitability and asset quality.