What is the establishment of the city investment company?

The company does not adopt the establishment.

City Investment Company, namely Urban Construction Investment Company, is the government investment and financing platform of major cities in China, which originated from 199 1. They undertake corresponding government functions. Although they are special market operators, most of them are unprofitable and are usually regarded as institutions or wholly state-owned companies. The chairman and general manager of a city investment company are usually appointed by the government and belong to government officials, while the senior managers may be employed by SASAC. In terms of employee recruitment, city investment companies mainly adopt the same external recruitment system as general enterprises.