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About Us > Profile |
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 Hangzhou Industrial Assets Management Co., Ltd. (Hangzhou Industrial Assets Management for short) is a state-owned sole corporation of limited liability operating and managing state assets under the approval of the People’s Government of Hangzhou. Mr. Xu Rongsen serves as the legal representative of the corporation (President) and Mr. Zhang Jinming the General Manager. The corporate structure was established in accordance with the Corporate Law and the Interim Regulations on Board of Supervisors in State-Owned Enterprises of the People’s Republic of China by Hangzhou Industrial Assets Management, which is promoting industrial restructuring and assets reorganization through capital operation according to China’s industrial policies and development strategies for Hangzhou’s economy. While constantly deepening reform and pursuing innovation, the corporation works to improve economic operation and benefit and strengthen the capital operation, realizing the value maintenance and appreciation of state assets. The corporation’s Party Committee, under the consignment of the Party Committee of Hangzhou, supervises and administers the Party organizations of affiliated enterprises and attaches great importance on the construction of the Party’s ruling ability. The corporation’s organizational framework includes the Office of Party & Administrative Affairs, the Financial Audit Department, the Assets Equity Department, the Investment & Development Department, the Comprehensive Management Department, the Real Property Management Department and the Political Affairs Department. Hangzhou Industrial Assets Management, with work staff amounting to over 60,000, exerts its jurisdiction over 120 enterprises in sectors including machinery, IT, chemical industry, pharmaceutical industry, textile, apparel, silk, building materials, light industry, real estate development, hotel services, etc. and has over one hundred business partners. Among the enterprises 7 large-scales enterprises or groups have been listed in the city's key programs by the city government and 47 achieved over 100,000,000RMB of sales income in 2004. In 2004 the corporation achieved 29,100,000,000RMB of industrial output value, with 2,560,000,000RMB of total profit and tax and 1,210,000,000RMB of return in the overall business system. The fine economic operation is a splendid contribution to Hangzhou’s industrial economy.
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