Changchun City Development Group

What Changchun City Development Group does

Changchun Agricultural Development Group (formerly Changchun City Development Group, renamed in January 2025) is a wholly state-owned municipal platform under the Changchun Municipal State-owned Assets Supervision and Administration Commission (SASAC), headquartered in Changchun, Jilin Province. It operates 20 subsidiaries and 11 functional departments with 465 employees and reports 52.99 billion CNY in total assets, 7.17 billion CNY in registered capital, and an AAA credit rating. The platform executes municipal development mandates across five business lines: project investment and financing, engineering and building materials, real estate and shanty town renovation, agriculture and forestry industry, and state-owned asset operation.

The group's core products and operations span a wide asset base. Urban infrastructure assets include the Chuihu Wastewater Treatment Plant, which services an 81.6 sq km catchment serving 500,000 residents and operates to China's Level 1 A discharge standard. Real estate operations include the Shanghai Road Wanda Plaza (the first fourth-generation Wanda Plaza in Northeast China, representing a 3.685 billion CNY investment across 223,000 sqm of built area), the Runyue City residential project (912 units), and a Historical and Cultural District project. Agricultural industrialization assets include a Green Circular Beef Cattle Industrial Demonstration Park with 100,000+ head capacity, a 100,000 mu High-Standard Farmland Demonstration project, and farming operations spanning Xingye Farm and Chengkai Animal Husbandry. Engineering and construction is executed through Changchun Chengkai Engineering Construction, while property management is operated through Chengkai Property Management.

The group's business model is built on municipal government mandates, policy-bank financing, and asset-based revenue. Revenue is generated through a mix of government-commissioned infrastructure projects, real estate development and leasing, agricultural product sales, wastewater treatment concession operations, and state-owned asset management. Strategic partnerships with the Agricultural Development Bank of China (Jilin Branch), Ji Shi Media, and Nong'an County Government, along with corporate bond issuance, form the capital and operating backbone. The ultimate customer base is concentrated in Changchun Municipal Government and its affiliated entities, making the model one of policy-driven capital deployment rather than market-driven commercial growth.

Name

Changchun City Development Group

Legal name

长春农业发展集团有限公司

Website

https://ccckjt.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Changchun Agricultural Development Group is a wholly state-owned municipal platform under Changchun Municipal SASAC that executes government-mandated projects across infrastructure, real estate, wastewater treatment, and agricultural industrialization, serving Changchun city and Jilin Province.

Ownership category

akta.pro rank

Product category

Municipal Infrastructure & Agricultural Development Services

NAICS

Administration of Urban Planning and Community and Rural Development (925120), Water Supply and Irrigation Systems (221310), Crop Production (111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Agricultural Services (700), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM)

akta.pro secondary industries

Economic Development & Business Licensing (Local) (BPAIACAN), Regional & Land Use Planning (BPAHAKAE)

Keywords

• Infrastructure investment
• Agricultural development
• Real estate development
• Wastewater treatment
• State-owned asset management

Headquarters

HQ city

Changchun

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Investment and Financing: Government-commissioned infrastructure projects including roads, bridges, housing renovation, heating, water supply, and sewage treatment
2. Real Estate Development: Commercial and residential property development including Wanda Plaza projects and historical district revitalization
3. Agricultural Industry Operations: High-standard farmland construction, livestock breeding, agricultural product trading, and modern agricultural industrial park management
4. State-owned Asset Operations: Management and operation of state-owned assets including airports, transit hubs, and commercial properties

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Changchun City Development Group (now Changchun Agricultural Development Group) is a state-owned enterprise that delivers five core service lines: project investment and financing, engineering and building materials supply, real estate and shanty town renovation, agriculture and forestry industry operations, and state-owned asset management. The group serves as both an urban development investment platform and agricultural industry investment platform under the 'one body with two wings, four major sectors' framework, executing government-commissioned infrastructure, agricultural modernization, and urban renewal projects across Changchun, Jilin Province.

Product overview

Changchun City Development Group operates as a diversified state-owned enterprise with five core business areas: Project Investment & Financing, Engineering & Building Materials, Real Estate & Shanty Town Renovation, Agriculture & Forestry Industry, and State-owned Asset Operation. The company manages a portfolio of infrastructure projects including the Chuihu Wastewater Treatment Plant, the Shanghai Road Wanda Plaza commercial complex, the Historical Cultural District revitalization, residential developments like Runyue City, and agricultural projects including high-standard farmland demonstrations. The group serves as both an urban development investment platform and agricultural industry investment platform under the 'one body with two wings, four major sectors' development framework.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Investment & Financing (项目投融资) Investment and financing services for government-commissioned infrastructure, agricultural, and urban development projects in Changchun, including roads, bridges, housing renovation, heating, water supply, and sewage treatment initiatives.
• Engineering & Building Materials (工程及建材) Engineering construction services and building materials supply for municipal and infrastructure projects, delivered by wholly-owned subsidiary Changchun Chengkai Engineering Construction Co., Ltd.
• Real Estate & Shanty Town Renovation (房地产及棚改) Real estate development and urban shanty town renovation projects, including commercial and residential property development (e.g., Shanghai Road Wanda Plaza, Runyue City, Historical Cultural District Project) executed by subsidiary Wanjia Company.
• Agriculture & Forestry Industry Operations (农林产业经营) Agricultural and forestry industry operations including high-standard farmland construction, modern agricultural industrial park management, livestock breeding (Green Circular Beef Cattle Industrial Demonstration Park with capacity for 100,000+ heads), and agricultural product trading. Operated by subsidiaries including Chengkai Animal Husbandry Company and Xingye Farm Company.
• State-owned Asset Operation (国有资产运营) Operation and management of state-owned assets including the Changchun Station Transit Hub, Changchun Airport operations, commercial complexes, and other municipal infrastructure assets under concession.
• Changchun Chuihu Wastewater Treatment Plant (长春市串湖污水处理厂) Municipal wastewater treatment facility serving approximately 500,000 people across an 81.6 sq km catchment area, with operations meeting national first-class A discharge standards.

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Nong'an County Government (农安县人民政府)coreStrategic or Co-development Partner · 23 December 2021Signed strategic cooperation agreement to jointly promote agricultural industrialization and rural revitalization projects.
• Ji Shi Media (吉视传媒)coreStrategic or Co-development Partner · 15 October 2021Signed comprehensive strategic cooperation agreement in October 2021 for multimedia and information technology collaboration supporting digital transformation initiatives.
• Rongtong Agricultural Development Group (融通农发集团)minorStrategic or Co-development Partner · 9 July 2021Project joint venture cooperation discussions for agricultural industry projects including cattle farming and agricultural modernization initiatives.
• Changchun Evening News (长春晚报)minorGTM or Marketing Partner · 1 June 2021Strategic partnership signed with media outlet for advertising and brand promotion services.
• Bairui International Exhibition Group (百瑞国际会展集团有限公司)minorChannel Partner/ Reseller/ Distributor · 1 June 2021Partnership with leading exhibition and event company for venue management and commercial development services.
• Jilin Zhonghui Film and Television Production Co., Ltd. (吉林省中麒影视制作有限公司)minorGTM or Marketing Partner · 1 June 2021Strategic partnership for creative advertising, brand design, and marketing promotion services.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Shanghai Lujiazui Development Group: Municipal SOE focused on Pudong/Lujiazui financial district development including real estate, infrastructure, and asset management. Similar in operating as a city-level SOE development and asset operating platform with diversified subsidiaries.
• Guangzhou Yuexiu Group: Municipal SOE in Guangzhou operating across real estate development, urban renewal, and infrastructure investment. Highly comparable business model as a city-level development platform with government backing and diversified business segments.
• COFCO Group (中粮集团): Largest Chinese state-owned agricultural and food company with operations in grain trading, livestock, and food processing. Comparable agricultural industrialization footprint though at national scale rather than municipal level.
• Beijing Urban Construction Group (北京城建集团): Large Chinese municipal SOE construction and development group operating in infrastructure, real estate, and urban renewal. Comparable in operating as a municipal-level construction and development platform with state backing.
• Wuhan Urban Construction Investment Group: Wuhan municipal SOE engaged in infrastructure investment, real estate, and state-owned asset operations. Directly comparable as a Chinese municipal development group with diversified city-level operations.
• Beijing Capital Land (Beijing Capital Group subsidiary): Large Chinese state-owned real estate developer focused on urban development and property investment. Comparable to Changchun City Development Group in SOE-backed municipal development model and diversified property/asset portfolio approach.
• Tianjin Municipal Urban Development Group: Tianjin municipal SOE focused on urban infrastructure, real estate development, and state-owned asset management. Comparable in structure and scope of operations as a diversified municipal development platform.
• Chongqing Urban Construction Investment Group: Municipal SOE in Chongqing operating across urban infrastructure, real estate, and state-owned asset management. Same business model of municipal-level investment platform with infrastructure and real estate development focus.

Direct peers

• Jilin Province Agricultural Investment Group: Provincial-level agricultural investment SOE in Jilin Province focused on agricultural industrialization and rural revitalization. Most directly comparable as a neighboring agricultural investment platform serving the same geographic region.
• Beidahuang Group (北大荒农垦集团): Major Chinese state-owned agricultural conglomerate focused on grain production, farmland management, and agricultural industrialization. Directly comparable to Changchun's agricultural investment mandate and high-standard farmland operations.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Changchun City Development Group