SDIC meaning in Community ?

Answer:

What is State Development & Investment Corporation mean?

State Development & Investment Corporation (SDIC) (国家开发投资公司) is the largest state-owned investment holding company in China. It was established on 5 May 1995, and by the end of 2008, it had a workforce of more than 60,000 employees with registered capital of US$2.4 billion, total assets of US$25.7 billion and shareholders' equity of US$8.3 billion. In 2008, its operation revenue reached US$6.2 billion, its total volume of import and export exceeded US$1.2 billion and its total profit hit US$730 million. SDIC is playing an increasingly important role in the development of national economy and the restructuring of the state sector of the economy.

Since its establishment, SDIC continuously improves its development strategy, optimizes its assets composition, and has built its unique tri-pillared business framework that integrates industrial investment, financial services and state-owned assets management.

SDIC's industrial investment mainly goes to power generation, coal mining, ports and shipping, chemical fertilizer production and other infrastructure or resource-oriented fields as well as high-tech projects.

reference

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