Guangzhou Development Zone Holdings Group Co.

What Guangzhou Development Zone Holdings Group Co. does

Guangzhou Development Zone Holdings Group Co. (广州开发区控股集团有限公司, 'Guangkai Holdings') is a wholly state-owned enterprise group established in 1998 by the Guangzhou Development Zone Management Committee in Guangzhou, China. It functions as the principal financial holding, strategic investment, and technology park operations platform for the Guangzhou Development Zone, operating a three-pillar business model: technology financial services, strategic technology investment, and technology park operations. As of end-2024, the group reported total assets exceeding 160 billion RMB, net assets of 44.6 billion RMB, and full-year operating revenue of approximately 12.5 billion RMB, holding the highest domestic AAA credit rating plus Fitch BBB+ and Moody's Baa1 international ratings.

The group's financial services arm spans full-license securities via controlling stake in Yuekai Securities (830899.OC), venture capital and private equity through Kaide Venture Capital and Guangzhou Kaide, technology finance for SMEs via Kaide Financial Services Group, and a comprehensive multi-tier platform covering insurance, funds, financing guarantees, micro-loans, financial leasing, and IP/equity/financial asset transactions. Its strategic investment arm holds controlling or significant equity positions in flagship technology companies across OLED display (LG Display joint investment >80 billion RMB), new energy vehicles (XPeng Motors), biopharmaceuticals (BeiGene, Nuochengjianhua), wind power (Taisheng Wind Energy 300129.SZ), and emerging low-altitude economy and commercial aerospace plays (XPeng Airoht, Galaxy Power, Zhongke Times). The park operations arm develops and manages over 5.6 million sqm of dedicated technology parks (10+ million sqm total) housing 600+ tenant companies, including flagship assets like Guangzhou Kaide Asset Management Building (LEED Platinum, three-time MUSE Gold) and the country's first Guangzhou-located industrial park infrastructure REIT launched in September 2024.

The group monetizes through a mix of recurring streams (park leasing, securities commissions, asset management fees, interest income from micro-loans and guarantees) and capital-event streams (dividends, capital gains, and equity-appreciation from its 13 controlled subsidiaries and 150+ affiliated companies). Go-to-market is enterprise and government-focused via direct B2B engagement, relationship-driven investment committees, and high-profile thought-leadership events (China Chief Economist Forum). It does not operate consumer-facing product distribution and does not publicly disclose individual service pricing. In September 2024, Guangkai Holdings became the first district-level SOE in China selected as a SASAC 'Double Hundred Enterprise', signaling its role as a model for SOE mixed-ownership reform.

Name

Guangzhou Development Zone Holdings Group Co.

Legal name

广州开发区控股集团有限公司

Website

http://www.getholdings.com.cn

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

251–500 employees

Short description

Guangzhou Development Zone Holdings Group is a wholly state-owned financial holding and investment platform serving the Guangzhou Development Zone, operating three pillars: technology financial services, strategic investment in strategic emerging industries, and technology park operations across 10+ million sqm.

Ownership category

akta.pro rank

Product category

Diversified Financial Services and State-Owned Investment Holding

NAICS

Management of Companies and Enterprises (55111)

SIC

Investors, Nec (6799)

akta.pro primary industry

Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Technology financial services
• Strategic technology investment
• Technology park operations
• Securities brokerage
• Venture capital

Headquarters

HQ city

Guangzhou

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 科技金融服务 (Financial Technology Services): Revenue from a comprehensive financial services platform including securities brokerage and investment banking (粤开证券), insurance services, investment fund management (VC, PE, M&A funds), financing guarantees, micro-loans, financial leasing, and transaction services (equity, IP, financial assets). The group earns fees, commissions, interest income, and asset management charges through these entities. 粤开证券, as a controlling shareholder, provides investment banking, wealth management (粤管家 brand), asset management (including first-of-kind ABS products), and research services (粤开研究院).
2. 科技战略投资 (Strategic Technology Investment): Income generated from equity investments in technology companies across dual-carbon manufacturing, new energy, biomedicine, and photoelectric display sectors. Returns come via dividends, capital gains from exits, and appreciation in the value of held equity stakes. The group holds controlling positions in listed companies including 粤开证券 (830899.OC), 泰胜风能 (300129.SZ), 穗恒运A (000531.SZ), and 利德曼 (300289.SZ).
3. 科技园区运营 (Technology Park Operations): Revenue from developing and operating 560万 sqm of technology parks and commercial properties (including 广开云领科技城, 广报云汇, 粤开资管大厦, etc.). Income sources include property sales, leasing, property management fees, and service charges. In 2024, the group listed the first industrial park REITs in Guangzhou (易方达广州开发区高新产业园REIT), creating an additional capital recycling mechanism.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Guangzhou Development Zone Holdings Group Co. is a state-owned enterprise group operating a three-pillar platform: (1) technology financial services spanning securities brokerage, insurance, investment funds, financing guarantees, micro-loans, financial leasing, and IP/equity/financial-asset transaction services; (2) strategic technology investment focused on equity stakes in OLED display, new energy, biomedicine, and commercial aerospace companies; and (3) technology park operations managing more than 10 million square meters of parks and commercial properties across the Guangzhou Development Zone and Greater Bay Area.

Product overview

Guangzhou Development Zone Holdings Group Co. (广开控股) operates as a comprehensive state-owned enterprise with three core business segments: technology financial services, technology strategic investment, and technology park operations. The company manages a portfolio of subsidiaries and brands including 粤开证券 (securities), 凯得金服 (financial services), 凯得创投/广州凯得 (venture capital/strategic investment), 高新科控 (tech investment), 凯云发展/凯得资本/开发区投控 (park operations and management), and 凯得资产 (asset management). Key service brands include 粤管家 (wealth management) and 云汇 (commercial operations). The group serves as a technology financial platform for the Guangzhou Development Zone, with total assets exceeding 160 billion yuan, holding 13 controlling subsidiaries and over 150 invested companies.

Differentiator

Problem solved

Functional benefit

Brands

• 粤开证券: Full-service securities company under the group, providing investment banking, wealth management, and institutional research services. Ticker 830899.OC.
• 凯得金服
• 凯得创投
• 高新科控
• 广州凯得
• 开发区投控
• 凯云发展
• 凯得资本
• 粤开资管大厦
• 广开云领科技城
• 广开云汇科技金融中心
• 星际云汇
• BioGBA
• 黄埔君澜酒店

Products and services

• Yuekai Securities (粤开证券) Full-license comprehensive securities company providing investment banking, wealth management, asset management, and research services, serving enterprise and institutional clients nationwide through branch networks and digital platforms.
• Kaide Financial Services (凯得金服) Technology financial services platform providing full-cycle investment and financing services, one-stop policy implementation services, full-chain industry connection services, and comprehensive park carrier services for SMEs.
• Kaide Venture Capital (凯得创投) State-owned professional equity investment company providing mother fund investment and direct equity investment covering venture capital, private equity, and merger investments.
• Guangzhou Kaide Investment (广州凯得) New productive forces investment platform focusing on green energy, intelligent connected new energy vehicles, low-altitude economy, and commercial aerospace investments, with registered capital of 7.195 billion yuan.
• High-tech Science and Technology Control (高新科控) Specialized industrial investment platform focusing on strategic emerging industries including biotech, new energy, and advanced manufacturing.
• Development Zone Investment Control (开发区投控) Subsidiary managing approximately 3.01 million square meters of properties, developing benchmark parks and commercial residential projects including Guangbao Yunhui, Guangzhou International Innovation Center, and Guangkai Yunling Technology City.
• Kaiyun Development (凯云发展)

Quantifiable outcome

• Total assets exceeding 160 billion RMB, net assets of 446 billion RMB, annual revenue of ~125 billion RMB as of 2024.
• +3 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and flagship.

• Falco (Switzerland)coreStrategic or Co-development Partner · 1 September 2025Yuekai Securities signed a strategic cooperation memorandum with Swiss private equity firm Falco to advance internationalization strategy.
• Yifangda Asset Management (易方达基金)coreStrategic or Co-development Partner · 1 September 2024Co-launched the first industrial park infrastructure REITs project in Guangzhou — Yifangda Guangzhou Development Zone High-Tech Industrial Park REIT (code: 180105) — listed on the Shenzhen Stock Exchange in September 2024.
• China Central State-owned Enterprise Investment Association (央企投资协会)coreStrategic or Co-development Partner · 1 September 2024广开控股 officially joined the China Central State-owned Enterprise Investment Association in September 2025, signaling a new chapter in central-local enterprise cooperation (央地合作).
• Guangzhou交易所集团 (Guangzhou Exchange Group)coreStrategic or Co-development Partner · 1 July 2024Cooperation with Guangzhou Exchange Group for asset disposal and capital recycling through the industrial park REITs mechanism.
• National Power Investment Corporation (国家电投)flagshipStrategic or Co-development Partner · 1 September 2023Guangzhou Development Zone Holdings Group signed a strategic cooperation agreement with National Power Investment Corporation (国家电投) Asset Management Company in May 2023, and successfully established a 10-billion-RMB-level new energy industry investment and financing platform together in July 2023.
• China Chief Economist Forum (中国首席经济学家论坛)coreGTM or Marketing Partner · 1 September 2023广开控股 hosted the 2024 China Chief Economist Forum and 3rd Greater Bay Area (Huangpu) Economic Development Conference, and hosted the 2026 China Chief Economist Forum Annual Conference, using the platform for thought leadership and ecosystem building.
• Gao Bo Medical Group (高博医疗集团)coreStrategic or Co-development Partner · 1 March 2023Deepened cooperation with Gao Bo Medical Group to advance high-quality development of the life health industry. Guangzhou Gaobo Hospital project was later developed and completed (竣备交付) in the park.
• Taisheng Wind Energy (泰胜风能)flagshipStrategic or Co-development Partner · 1 January 2022Acquired in 2022, Taisheng Wind Energy (SHE: 300129) is China's earliest professional wind turbine tower manufacturer and a leading player in China's wind turbine tower manufacturing industry. The group completed the acquisition and relocated Taisheng Wind Energy's Guangdong operation to the Guangzhou Development Zone.
• LG Display (LG Display)flagshipStrategic or Co-development Partner · 1 July 2018A landmark joint investment partnership co-investing over 80 billion RMB (with LG Display) to build the 8.5-generation OLED production line in Guangzhou, creating China's 'Global Display Capital'. The partnership dates back to 2017 with a 46 billion RMB LG 8.5 OLED project. This has been the most significant single foreign technology investment in Guangzhou's history.
• BeiGene (百济神州)flagshipStrategic or Co-development Partner · 1 January 2017Partnership with BeiGene (Nasdaq: BGNE; HKEX: 06160; SSE STAR: 688235) — a globally leading biotech company — with a total investment of 2.3 billion RMB. The partnership helped BeiGene establish its manufacturing base in Guangzhou Development Zone and supported its subsequent triple A+H+N listing.

Scale indicators9 records

Recent moves15 records

Expansion highlights6 records

Broad incumbents

• CITIC Group Corporation: China's largest conglomerate with operations spanning financial services (CITIC Securities, CITIC Bank), real estate, and strategic investments. Comparable as a state-affiliated holding company with a similar investment + financial services + real estate tri-pillar model, though on a vastly larger scale.
• China Reform Holdings Corporation Ltd. Central SOE under SASAC focused on SOE reform and equity investment. Comparable as a state-owned holding company executing strategic equity investments and corporate restructuring mandates from Chinese government bodies.
• Beijing State-Owned Capital Operation and Management Co. Beijing municipal SOE holding company managing state-owned equity and operating state capital across multiple industries. Highly comparable to Guangzhou Development Zone Holdings as a Chinese city-level state-owned investment holding platform, though larger and more diversified geographically.
• China Merchants Group: Major central SOE conglomerate with operations in finance, transportation, real estate, and technology. Comparable as a large diversified Chinese state-owned group with both financial services (CMB, China Merchants Securities) and industrial park/real estate operations, though far larger in scale and scope.

Direct peers

• Guangzhou Industrial Investment Holdings Group: Guangzhou municipal SOE focused on industrial investment and state-owned capital management in Guangzhou. Directly comparable as a same-city state-owned investment platform executing strategic equity investments and supporting Guangzhou-based industrial development.
• Shanghai Guosheng Group: Shanghai municipal SOE holding group with diversified financial services, equity investments, and real estate operations. Comparable in structure to Guangzhou Development Zone Holdings as a city-level state-owned holding group with similar multi-business platform model.
• China State-Owned Capital Venture Investment Co. (China Reform Innovation Fund): Central government-backed venture investment fund targeting strategic emerging industries. Directly comparable as a Chinese state-affiliated CVC making equity investments in technology, biotech, and new energy sectors with a similar mandate to Guangzhou Development Zone Holdings' strategic technology investment arm.
• Beijing Zhongguancun Development Group: Beijing-based SOE responsible for Zhongguancun Science Park development and operations, with equity investment capabilities targeting tech companies. Directly comparable as a Chinese SOE that combines science park operations with strategic technology investments and financial services for high-tech enterprises — the Beijing analog to Guangzhou Development Zone Holdings' three-engine model.
• Shenzhen Capital Holdings Co. One of China's largest venture capital firms with government backing (Shenzhen municipal). Highly comparable as a state-affiliated PE/VC investor focused on strategic emerging industries and tech enterprises, with a similar model of investing alongside industrial park and financial services operations.

Regional players

• Yuexiu Group: Guangzhou municipal SOE with operations in real estate development, financial services, and transportation infrastructure. Comparable as a Guangzhou-based SOE with overlapping financial services and real estate/property operations, though more focused on commercial real estate than technology parks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/guangzhou-get-holding-corporation-ltd.

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Guangzhou Development Zone Holdings Group Co.