Hefei City Construction and Investment Holding Group

What Hefei City Construction and Investment Holding Group does

Hefei City Construction and Investment Holding Group (合肥市建设投资控股（集团）有限公司) is a wholly state-owned enterprise established in June 2006 under the Hefei Municipal Government and supervised by Hefei SASAC, functioning as the city's designated state-owned capital investment and operation company. The group operates four core business segments: (1) Engineering Construction — infrastructure investment, major project construction management, comprehensive pipeline corridors, water conservancy, highways, and real estate; (2) Strategic Emerging Industries Investment — equity participation and capital allocation into new display panels (BOE/京东方), integrated circuits (ChangXin Memory/晶合), new energy vehicles (NIO/蔚来), and optoelectronics (Visionox/维信诺, Ofilm/欧菲光), having facilitated seven listed companies and two additional RMB 100+ billion market cap firms; (3) Urban Operations Services — citywide EV charging infrastructure, smart parking, housing leasing (under the 承寓 brand via Anju Group), and public utilities (water, heating, gas, transit); and (4) Rural Revitalization — rural infrastructure, high-standard farmland, and a 500 million yuan seed industry fund. As of 2025, the group held registered capital of RMB 321.56 billion and total consolidated assets of RMB 813.795 billion, with 60 wholly-owned and controlling subsidiaries.

The group's revenue mechanics are a hybrid of (a) capital gains and dividend income from its equity investment portfolio in strategic industries, (b) proceeds and recurring service income from successive Science & Technology Innovation Bond issuances (cumulative RMB 7.77+ billion in early 2026 alone, with coupons as low as 1.65%), (c) urban operations service fees from charging, parking, housing leasing, and municipal utilities, and (d) returns on engineering construction and government-mandated projects. GTM is government-coordinated rather than commercial: senior leadership (Chairman Yong Fengshan, Vice Chairman/General Manager Lu Qinhang) personally engage target companies and government counterparts, while capital market instruments are issued directly to institutional investors via the Shanghai and Shenzhen Stock Exchanges, where the group holds 'Well-Known Mature Issuer' status. Customers fall into two groups: institutional/strategic — flagship industrial investees such as NIO, BOE, ChangXin Memory, Visionox, Ofilm, and Mirattery; and end-user municipal — millions of Hefei residents served through urban operations subsidiaries.

Strategically, the group is positioning itself as both an 'Industrial Investment Leader' (产业投资引领者) and an 'Urban Comprehensive Operator' (城市综合运营商). Recent moves include issuing China's first thermonuclear fusion support bond (RMB 4 billion, January 2026), leading Mirattery's Series C3 round (RMB 1 billion, February 2026), establishing an RMB 10 billion AIC equity fund with Bank of China Capital (December 2025), and signing a strategic cooperation agreement with Hefei Economic and Technological Development Zone (March 2026). The group maintains an AAA corporate credit rating, is currently expanding into frontier energy and battery asset management, and celebrated its 20th anniversary in June 2026 alongside obtaining dual exchange 'Well-Known Mature Issuer' qualification.

Name

Hefei City Construction and Investment Holding Group

Legal name

合肥市建设投资控股（集团）有限公司

Website

https://hfjtjt.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Hefei City Construction and Investment Holding Group is a Hefei Municipal Government state-owned capital investment platform that invests in strategic emerging industries (new display, IC, EV, optoelectronics), operates urban services (charging, parking, housing leasing, utilities), and runs engineering and rural revitalization projects, serving both industrial investees (NIO, BOE, ChangXin Memory) and Hefei residents.

Ownership category

akta.pro rank

Product category

State-Owned Capital Investment and Urban Operations Services

NAICS

Management of Companies and Enterprises (55111), Offices of Other Holding Companies (551112), All Other Financial Investment Activities (52399), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Investors, Nec (6799), Operative Builders (1531), Security Brokers, Dealers & Flotation Companies (6211), Non-Operating Establishments (9995)

akta.pro primary industry

Infrastructure & Public Works (Transport, Social, PPP) (FSABACAI)

akta.pro secondary industries

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), Construction & Engineering (EPC) (FSABACAG), Infrastructure & Energy Fundraising Placement (FSAEALAF), Office & Corporate Building Construction (IMAFACAA)

Keywords

• State-owned capital investment
• Urban infrastructure construction
• Strategic emerging industries investment
• Urban operations services
• Rural revitalization investment

Headquarters

HQ city

Ciyu

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Others

Revenue model

1. Investment Management & Capital Appreciation: Returns from equity investments in strategic emerging industries (new display, IC, EV battery, PV charging). The company has facilitated 7 listed companies and 2 additional 100-billion-yuan market cap companies, generating capital gains and dividend income.
2. Bond Issuance & Financing: Proceeds from bond issuances in capital markets. The company has repeatedly issued Science & Technology Innovation Bonds totaling RMB 7.77 billion, along with corporate bonds, green bonds, and other instruments, generating financing income.
3. Urban Operations Services: Fees and operational income from city charging infrastructure, smart parking, housing leasing, public utilities (water, heating, gas, transit), and comprehensive urban management services across Hefei.
4. Project Investment & Engineering Services: Returns from large-scale infrastructure, public works, and government projects spanning water conservancy, highway management, and integrated pipeline construction.
5. Rural Revitalization Operations: Revenue from seed industry, agricultural technology, and rural asset management operations. Includes seed industry fund management and agricultural product sales through village cooperative models.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Hefei City Construction and Investment Holding Group is a state-owned capital investment and urban operations holding company that operates four core business segments: (1) engineering construction including infrastructure investment, pipeline corridors, water conservancy, and highways; (2) strategic emerging industries investment in new display, integrated circuits, new energy vehicles, and optoelectronics; (3) urban operations services including EV charging, housing leasing, smart parking, and public utilities; and (4) rural revitalization including agricultural technology and seed industry investment. The company serves as the bridge between Hefei municipal government policy objectives and market-oriented capital deployment across 60 wholly-owned and controlled subsidiaries.

Product overview

Hefei City Construction and Investment Holding Group (合肥建投) is a state-owned capital investment and urban operations company established in 2006 with registered capital of 32.156 billion yuan and consolidated assets of 813.795 billion yuan. The company operates four core business segments: (1) Engineering Construction — infrastructure投融资 and major project management; (2) Strategic Emerging Industries Investment — driving clusters in new display panels (京东方/BOE, 维信诺), integrated circuits (晶合/CXMT), new energy vehicles (蔚来/NIO), and optoelectronics (欧菲光); (3) Urban Operations Services — including charging infrastructure (充电公司), housing leasing (安居集团/承寓), smart parking (泊车集团), and utilities; and (4) Rural Revitalization (乡投公司) — managing farmland, seed industry investment, and rural development projects. Key subsidiaries include 充电公司, 安居集团, 泊车集团, 乡投公司, 建投资本, and 生命线集团. The company functions as a国有资本投资运营公司 (state-owned capital investment and operating company) with AAA credit rating.

Differentiator

Problem solved

Functional benefit

Brands

• 承寓: Housing rental brand under Anju Group offering rental housing projects such as 承寓·清鸿里, 承寓·昆御府, 承寓·星澜里
• 合肥农品
• 银崖云雾茶

Products and services

• Engineering Construction Segment (工程建设板块) Provides infrastructure investment, major project construction management, engineering testing, comprehensive pipeline corridor construction management, real estate, water conservancy engineering, and highway/national road construction services. The segment develops general contracting, full-process consulting, and total operations and maintenance capabilities for city major infrastructure projects, targeting municipal and provincial government clients in Hefei.
• Strategic Emerging Industries Investment Segment (战略性新兴产业投资板块) Invests in and supports strategic emerging industries including new display panels (BOE, Visionox), integrated circuits (ChangXin Semiconductor/CXMT), new energy vehicles (NIO), and optoelectronics (Ofilm). Plays a central role in Hefei's goal to become a national new energy vehicle capital, and has built China's most complete thousand-billion-yuan level new display industry chain. Targets strategic emerging industry enterprises seeking capital partners and ecosystem participation.
• Urban Operations Services Segment (城市运营服务板块) Delivers public services including urban charging infrastructure, housing leasing, smart parking, public utilities (water, heating, gas, public transit, rail), transportation, and general aviation. Manages city development-supporting businesses to meet urban life and carrying capacity needs, targeting city residents, EV owners, renters, and commuters across Hefei.
• Rural Revitalization Services (乡村振兴) Implements Hefei's rural revitalization strategy by funding, investing, constructing, operating, and managing rural infrastructure, high-standard farmland, industrial development projects, as well as seed and agrochemical research, production, processing, sales, and services. Operates the Hefei Modern Seed Industry Science and Innovation Center and a RMB 500 million seed industry special fund.
• EV Charging Infrastructure Operations (充电公司 / 充电基础设施) Subsidiary responsible for the investment, construction, operation, maintenance, platform management, and safety production of citywide charging and battery-swap infrastructure. Serves as the primary entity for Hefei's EV charging infrastructure, supporting the city's goal of becoming a National New Energy Vehicle Capital.
• Housing Leasing Services under Chengyu Brand (安居集团 / 承寓) Provides urban housing leasing services through the Anju Group subsidiary, managing rental housing projects under brands such as Chengyu (承寓·清鸿里, 承寓·昆御府, 承寓·星澜里). Serves new citizens and young people with residential units including supporting facilities such as bookstores and gyms.
• Smart Parking Operations (泊车集团 / 合肥城泊) Manages smart parking operations across the city, developing a unified parking service platform. Awarded first prize for innovation in static transportation and smart parking technology by the China Static Transportation Industry in 2024.
• Rural Investment and Development Operations (乡投公司) Builds a city-level rural investment and operations platform, operating a RMB 500 million seed industry special fund, investing in 12 companies with over RMB 240 million, and developing the Hefei Modern Seed Industry Science and Innovation Center project.
• Capital Investment and Fund Management (建投资本) Private equity and capital investment subsidiary managing multiple funds, including the Hefei Jiantou Zhongying Fuyao Equity Investment Fund (RMB 10 billion, 10-year AIC equity investment fund with Bank of China). Invests in next-generation IT, biomedicine, new materials, and new energy vehicles. Recognized as 'Service Anhui Ten Top Capital Awards' winner and '2024 Annual Industrial Development Best Investment Institution'.
• Urban Public Safety Services (生命线集团) Leverages the Tsinghua University Hefei Institute of Public Safety platform to provide urban safety monitoring and emergency management services across Hefei.

Quantifiable outcome

• Built China's most complete and best-equipped thousand-billion-yuan level new display industry chain in Hefei
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and major.

• Shanghai Stock Exchange (上海证券交易所)coreStrategic or Co-development Partner · 1 January 2026Hefei Jiantou and the Shanghai Stock Exchange signed a cooperation agreement for asset securitization, IPO support, and Science & Technology Innovation Bond issuance. The SSE has provided professional support and services for the company's bond issuances, including nine successive Science & Technology Innovation Bonds totaling RMB 7.77 billion. Both parties are committed to promoting innovative financial products and supporting the company's capital market breakthroughs.
• NIO (蔚来)coreStrategic or Co-development PartnerHefei Jiantou attracted and invested in NIO as a flagship EV project, contributing to Hefei's goal of building a 'National New Energy Vehicle Capital.' The investment helped anchor the EV industry chain in Hefei and established a flagship case for government-guided industrial investment. Through Mirattery, Hefei Jiantou further invested in NIO's battery-as-a-service business.
• BOE Technology Group (京东方)coreStrategic or Co-development PartnerBOE was attracted to Hefei as the anchor project for the TFT-LCD 6th generation production line, which became the foundation for Hefei's thousand-billion-yuan level new display industry chain. Hefei Jiantou played the key capital allocation and investment role in bringing BOE to Hefei, which then attracted the full upstream and downstream supply chain, creating the most complete new display supply chain in China.
• ChangXin Semiconductor (晶合集成电路)coreStrategic or Co-development PartnerHefei Jiantou attracted and invested in ChangXin Semiconductor, achieving Hefei's first breakthrough in large-scale integrated circuit manufacturing. The project complemented the new display industry chain and contributed to the broader semiconductor industry cluster in Hefei.
• Corning (康宁)majorStrategic or Co-development PartnerAttracted to Hefei's strategic industry ecosystem as part of the new display and materials supply chain, supported by Hefei Jiantou's investment and industrial coordination.
• Visionox (维信诺)majorStrategic or Co-development PartnerAttracted to Hefei as part of the strategic new display industry chain, with Hefei Jiantou providing investment and coordination support for the project.
• Ofilm (欧菲光)majorStrategic or Co-development PartnerMajor EV components and camera module manufacturer attracted to Hefei as part of the new energy vehicle and advanced manufacturing ecosystem, supported by Hefei Jiantou's investment platform.

Scale indicators18 records

Recent moves14 records

Expansion highlights7 records

Broad incumbents

• China International Capital Corporation (CICC): China's leading state-backed investment bank providing capital market services including bond underwriting, equity investment advisory, and asset management. Comparable in capital markets intermediation functions that support Hefei Jiantou's bond issuance and equity investment activities.
• China Investment Corporation (CIC): China's sovereign wealth fund and largest state-owned investment vehicle; operates at national scale and is comparable in function as a state-backed capital investor, though with a global mandate rather than municipal/industrial focus.
• China State Construction Engineering Corporation (CSCEC): China's largest state-owned construction conglomerate; while much larger and broader than Hefei Jiantou, CSCEC shares comparable construction contracting capabilities for major urban infrastructure, real estate, and engineering projects that Hefei Jiantou delivers through its Engineering Construction segment.

Direct peers

• Hangzhou City Investment Group Co., Ltd. Hangzhou municipal state-owned urban investment and operating platform, with overlapping mandates in urban infrastructure construction, public utilities, and government-directed industrial investment. Comparable in regional scope and structural role.
• Shanghai Guosheng (Group) Co., Ltd. Municipal-level Shanghai state-owned investment holding platform with similar functions of strategic equity investment, infrastructure financing, and urban operations. Comparable in scale and role as a designated government capital investment vehicle.
• Guangzhou Industrial Investment Holding Group: Guangzhou municipal state-owned investment holding group focused on strategic emerging industries, advanced manufacturing, and urban infrastructure. Operates an equivalent four-pillar model of industrial investment, construction, urban services, and rural development.
• Shenzhen Investment Holdings Co., Ltd. Shenzhen's primary municipal state-owned investment holding company with parallel strategic industry investment, infrastructure construction, and urban operations mandates. Directly comparable to Hefei Jiantou as a major southern China SOE investment platform.
• Beijing State-Owned Capital Operation and Management Company: Beijing's municipal-level state-owned capital investment and operation platform with parallel functions in strategic equity investment, infrastructure project financing, and SASAC-supervised asset management. Comparable as a designated state capital investment arm.

Regional players

• Chongqing Yufu Holding Group Co., Ltd. Chongqing municipal state-owned capital operation platform with similar structure combining strategic industry investment, urban infrastructure operations, and state asset management, primarily serving the western China regional market.
• Wuhan Industrial Investment Holdings Group: Wuhan municipal state-owned industrial investment holding group operating in central China with similar functions of strategic industry investment and infrastructure development, though primarily serving the Wuhan/Hubei region.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments22 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hefei City Construction and Investment Holding Group