China Chengtong Holdings Group Ltd. (China Chengtong) is a large enterprise group under the supervision of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, with total assets of RMB 55 billion. It was a board-of-directors pilot for wholly state-owned companies founded and completed by the State-owned Assets Supervision and Administration Commission in the first batch. It also was a pilot for the companies operating state-owned assets.

The main businesses of China Chengtong are assets management, integrated logistic service, capital goods trade as well as production, development and exploitation concerning forestry, pulp and paper. The group's business also covers prompt goods wholesale market, tourism, cultural and packaging industries.

At present, China Chengtong owns more than one hundred subsidiary companies all over China, among which, are listed companies such as Zhong Chu Development Stock Co., Ltd., (No. 600787, Shanghai Stock Exchange), Foshan Huaxin Packaging Co., Ltd (No. 200986, Shenzhen Stock Exchange), China Chengtong Development Co., Ltd. (No. 00217, HKMB), Guangdong Guanhao High-Tech Co., Ltd. (No. 600433, Shanghai Stock Exchange), and Yueyang Forest & Paper Co., Ltd. (No. 600963, Shanghai Stock Exchange). Besides, it also has set up overseas business platforms in Russia and other areas. Now, it is focused on developing advantageous businesses and further expanding capital market.

In recent years, China Chengtong, as an important platform for the State-owned Assets Supervision and Administration Commission to advance the layout, restructuring and strategic reshuffling of central enterprises, has made remarkable achievements in terms of enterprise restructuring, business integration and asset disposal. It is involved in industry consolidation, non-performing assets disposal, corporate restructuring, corporate trusteeship, etc. and has played a positive role in the reshuffling and integration of central enterprises and won the high praise from all circles of the society.

 

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