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China Reform Holdings Corporation Ltd

Updated: Dec 5, 2018 govt.chinadaily.com.cn Print
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China Reform Holdings Corporation Ltd is a wholly state-owned company approved by the State Council and an investment institution authorized by the State. It is a pilot enterprise of the state-owned capital operating company.

With the approval of the State Council, China Huaxing Group Co Ltd and China Culture Industry Development Group Co Ltd were successively assigned to China Reform Holdings Corporation in 2011 and 2012. In May 2012, China Reform Holdings Corporation established China Reform Holdings International Investment Co Ltd to support central SOEs in carrying out domestic and foreign investments. In September 2014, it initiated the establishment of the equity investment fund to support the Central Government’s technological innovation and industrial upgrading. And in August 2016, with the approval of the State Council, the China State-owned Capital Venture Investment Fund was launched, focusing on serving the central SOEs in technological innovation and industrial upgrading, taking into account the development of innovative small and micro enterprises.

In April 2017, the group set up the investment fund to support central SOEs to deepen reform. In addition, it actively participated in the work of optimizing and integrating the coal resources of central SOEs, building a platform for sharing aviation materials, and has successively invested more than 10 billion yuan in the investment of eight central SOEs, supporting enterprises in optimizing their governance structure, reforming and restructuring, and improving quality and efficiency.

By 2017, the total assets of the company exceeded 27 billion yuan ($4.21 billion), and the annual net profit exceeded 6 billion yuan. In the new era , the company will continue to push forward the pilot projects comprehensively according to the first-class national capital operation company target.

Scope of work: it mainly includes the social duties and obligations that China Reform Holdings Corporation should fulfill in the process of management and development, such as safety in production, environmental protection, resource saving, employment promotion, protection of employees' rights and interests, and publication of social responsibility reports.

Social responsibility: to promote the company and its funded enterprises to conscientiously fulfill their social responsibilities, and to realize the overall coordinated and sustainable development of the company and the society.

Contact

Address: Building B, Enfei Science and Technology Building, No 12 Fuxing Road, Haidian district, Beijing

Tel: 010-88656666

Fax: 010-88656665

Web: https://www.crhc.cn/

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