Is Changchun Cheng Kai Group a state-owned enterprise?

Yes, Changchun Urban Development (Group) Co., Ltd. (hereinafter referred to as Cheng Kai Group) is a wholly state-owned company directly managed by Changchun Municipal Government. Founded in 199 1, the enterprise initially focused on investing in energy and transportation in Changchun. 200 1, Cheng Kai group was reorganized with a registered capital of 6.5 billion yuan. By the end of 20 12, the total assets of the enterprise reached 45.9 billion yuan, and it has become a large enterprise group integrating investment and financing, construction, management, land reserve (first-level consolidation) and state-owned assets management of urban infrastructure projects.

Adhering to the business philosophy of building, operating and managing a city, Cheng Kai Group has continuously strengthened its own construction. The enterprise consists of 1 1 functional departments, 8 auxiliary financing platform companies,1/wholly-owned subsidiaries and 4 joint-stock companies, whose business involves urban investment, financing, financing guarantee, real estate development, project construction and management. As the main force of urban investment and financing, Cheng Kai Group has invested more than 50 billion yuan for urban infrastructure projects in Changchun in the past 20 years. Changchun No.1 Thermal Power Plant, Changchun No.2 Thermal Power Plant, Changchun Cable TV Network, Tiebei Heating Network, Yitong River Old City Reconstruction, Yatai Street, Fourth Ring Road, Changchun Station Transfer Center, Yitong River Regulation, "Three Roads and Five Bridges", West Suburb, North Suburb, South Suburb Sewage Treatment Plant, "Diversion from Pine to Dragon" Phase I and II, Infectious Disease Hospital, Jingyuetan Infrastructure Supporting Project and Sculpture Park.