Changsha State-owned Capital

What Changsha State-owned Capital does

Changsha State-owned Capital Holdings Group Co., Ltd. (长沙市国资产业控股集团有限公司), branded as 长沙国控集团, is a wholly state-owned municipal holding entity under the Changsha Municipal Government, originally established in June 2016 and materially restructured and renamed in 2024. The group operates across three coordinated segments: asset operations (national-owned asset management, property leasing, non-performing asset disposal), industrial investment (equity and fund management directed at strategic emerging industries across the full enterprise lifecycle), and real industries (urban renewal, land development, real estate development, construction contracting, modern services including vocational-education campus investment, trade and logistics, hazardous chemicals warehousing, and shipbuilding).

The company's technology and asset base rest on a substantial municipally controlled property and land portfolio: as of June 30, 2024, the asset operations subsidiary 国资集团 managed 6.47 billion CNY in total assets, 780,000 sqm of housing properties, and 9,730 mu of land assets, while the industrial investment arm 国控资本 manages over 20 funds with combined scale exceeding 10 billion CNY and more than 8 billion CNY of external investment into approximately 2,000 enterprises. Operating subsidiaries include Hunan Jiaojian Group (a national first-class construction enterprise with 500 million CNY registered capital and 600+ technical staff), Hunan Xiangchuan Shipbuilding Heavy Industry (a national high-tech enterprise with 44 patents), Changsha 651 Warehousing (the only municipal state-owned hazardous chemicals storage enterprise), and Guokong Modern Services (1,124 employees managing 70+ property and logistics projects).

Revenue is generated through multiple channels: recurring property and warehouse rental (priced from approximately 15.3 CNY/sqm/month for office space), investment management fees and equity returns on the 10+ billion CNY fund platform, one-time land development and real estate sales (projects including Guoxin Xiangrongfu and Guoxin Yunjingfu), and professional services income from construction contracting, property management, logistics, and catering. Distribution is direct B2B and B2G via public tender announcements on the official website, subsidiary-led rental operations, and competitive bidding for major assets, with the customer base split between government and SOE clients, enterprise and institutional tenants, and a long tail of small commercial and residential tenants across Changsha.

Name

Changsha State-owned Capital

Legal name

长沙市国资产业控股集团有限公司

Website

https://csgkjt.com

Company type

Private

Founded year

2016

Operating status

Operating

Short description

Changsha State-owned Capital is a wholly municipal state-owned holding group that consolidates Changsha's asset management, industrial investment, urban renewal, construction, real estate, logistics, and vocational-education campus platforms under a single government-directed umbrella.

Ownership category

akta.pro rank

Product category

State-owned Capital Operations and Diversified Holdings

NAICS

Management of Companies and Enterprises (55111), Miscellaneous Financial Investment Activities (523999), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Government Investment Pools & Treasury Funds (FSAAAGAE)

akta.pro secondary industries

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• State-owned asset management
• Industrial investment funds
• Property leasing services
• Urban renewal construction
• Construction general contracting

Headquarters

HQ city

Changsha

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management and Property Rental: The group manages state-owned assets including commercial and residential property leasing, venue rental, and warehouse storage services. Subsidiaries operate diverse property portfolios including office buildings, marketplaces, industrial warehouses, and residential units across Changsha city.
2. Industrial Investment and Fund Management: Through subsidiaries like 国控资本, the group manages equity investment funds exceeding 10 billion yuan in scale, providing investment and financial services across the full enterprise lifecycle from early-stage to mature companies.
3. Land Development and Urban Renewal: Subsidiaries engage in reserve land preliminary development, urban renewal projects, and city construction including commercial and residential real estate development.
4. Modern Services: Provision of education-industry integration project investment and management, professional property management, logistics and catering services through subsidiaries.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Changsha State-owned Capital is a municipal state-owned capital holding group that manages state-owned assets, deploys industrial investment funds, executes urban renewal and construction projects, and operates diversified subsidiaries spanning property leasing, construction contracting, real estate development, commodity trading, hazardous chemicals warehousing, modern property services, and shipbuilding/steel structure manufacturing. Its subsidiaries collectively manage 64.7 billion CNY in assets, 780,000 sqm of property, 9,730 mu of land, and 20+ equity investment funds exceeding 10 billion CNY in scale.

Product overview

Changsha State-owned Capital is a state-owned asset operation platform restructured in 2024, operating as a diversified conglomerate with multiple specialized subsidiaries. The portfolio includes: State-owned Assets Operation Group managing 64.7 billion yuan in assets; Guokong Capital Management operating 10+ billion yuan in investment funds; Industrial City Renewal focusing on urban transformation; Land Development handling land supply and rural property trading; Guoxin Real Estate developing residential/commercial projects; Hunan Jiaojian as first-class construction enterprise; Guokong Trading in industrial materials; 651 Warehousing as hazardous chemicals storage; Guokong Modern Services managing 70+ service projects; and Xiangchuan Shipbuilding as advanced manufacturing. Key projects include Jinxiu Shiguang cultural district, Jinshang fresh markets, Licheng elderly care communities, and Boyu talent apartments.

Differentiator

Problem solved

Functional benefit

Brands

• 锦秀拾光·0731: Urban renewal project at the former Changsha Nylon Factory site (1987), repurposed into a park-style commercial district combining cultural creativity, entertainment, sports, family activities, smart parking, and lifestyle services.
• 锦尚农贸市场
• 理程康养

Products and services

• State-owned Assets Operation Group Services (国资集团) Professional asset operations platform serving as the group's center for revitalizing state-owned stock assets, functioning as a state-asset 'storage, conversion, and enhancement' mechanism. Manages 780,000 sqm of housing assets and 9,730 mu of land assets as of June 30, 2024.
• Industrial Investment and Fund Management (国控资本) Industrial investment platform providing equity investment and fund management services across the full enterprise lifecycle from early-stage to mature companies. Operates 20+ equity investment funds with combined scale exceeding 10 billion CNY and external investment exceeding 8 billion CNY, serving approximately 2,000 enterprises.
• Urban Renewal Investment and Construction Services (城市更新) Urban renewal and city construction subsidiary executing urban renewal and urban village redevelopment projects, exploring the 'Changsha model' of urban transformation and leveraging the group's stock land resources.
• Construction and General Contracting Services (湖南教建集团) State-owned first-class construction enterprise offering construction contracting, real estate development, architectural design, engineering supervision, engineering inspection, equipment leasing, construction labor services, intelligent technology, civil air defense equipment, and agricultural development and land consolidation services. Holds multiple provincial quality engineering awards.
• Real Estate Development (国欣地产) Real estate development company developing premium projects including Guoxin Xiangrongfu, Guoxin Xiangrong Plaza, and Guoxin Yunjingfu. Operates primary land consolidation, project construction, and commercial operations as diversified business segments.
• Bulk Commodity Trading Services (国控贸易) Trading business platform engaged in industrial raw materials, energy chemicals, grain, and non-ferrous metals trading, building on the original sand and gravel trading operations.
• Hazardous Chemicals Storage and Logistics Services (六五一仓储物流) Hazardous chemicals storage and logistics services operating 651 warehouse (282 mu, 36 dangerous goods storage buildings totaling 42,618 sqm, 36 solvent tanks with 3,020 m³ capacity) and 652 warehouse (34 mu for general goods). Provides specialized hazardous chemicals storage that is unavailable from private competitors.
• Modern Property and Education-Industry Services (国控现代服务) Modern services operator managing 70+ property and logistics service projects across Changsha, with nearly 3 billion CNY invested in education-industry integration projects. Provides property management, vocational education campus investment, and integrated facility services.
• Shipbuilding and Steel Structure Manufacturing (湘船重工) Advanced manufacturing enterprise and the only advanced manufacturing entity in the Changsha state-owned system. Specializes in ship design and construction, steel structure engineering, and operates a manufacturing facility spanning approximately 600 mu. Holds provincial enterprise technology center and provincial green factory certifications.
• Land Development and Rural Property Trading Services (土地开发) Land development and rural property trading entity providing land supply services and rural transaction services. Serves as the group's core entity for city construction-related land consolidation and rural property rights trading.
• Jinxiu Shiguang 0731 Cultural Creative District (锦绣拾光·0731) Cultural creative commercial district project featuring entertainment, sports, and lifestyle services in a redeveloped industrial heritage site.
• Jinshang Fresh Markets (锦尚生鲜市场) Agricultural market operation project operating the largest fresh market service cluster in Changsha, providing fresh produce retail across multiple market locations.
• Licheng Elderly Care Community (理程康养社区) Community-embedded elderly care service brand operating 15-minute elderly care service circles and providing integrated institutional, community, and home care services.
• Changsha Chantou Zeyu Industrial Park (产投·泽禹产业园) Green building materials industrial park manufacturing proprietary C105 ultra-high strength pre-stressed pipe piles with annual production capacity of 1.8 million meters.
• Chantou Boyu Talent Apartment (产投·泊寓) Talent apartment rental project providing 942 residential units across 33 floors with occupancy rates above 96%, targeting Changsha's talent attraction and retention strategy.

Quantifiable outcome

• Revenue and service scale: 国控资本 manages funds exceeding 10 billion CNY, has invested over 8 billion CNY externally, and has served approximately 2,000 enterprises.
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and historical.

• 长沙市城市建设投资开发集团有限公司 (Changsha City Construction Investment Group)coreStrategic or Co-development Partner市城投集团 is a joint venture partner with 国控集团 in establishing 长沙市砂石产业有限责任公司 (now 长沙市国控贸易有限公司), which was founded in February 2020 for sand and gravel trading operations. This joint venture forms the basis of the group's trading and supply chain business.
• 湖南省长沙船舶厂 historical predecessorhistoricalOthers湖南湘船重工有限公司 originated as 湖南省长沙船舶厂, established in 1945 and elevated to state-owned enterprise status in 1950. The company relocated from Yuelu District to Wangcheng District in 2013 to support municipal construction.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Shanghai Guosheng Group: Shanghai municipal SOE capital operation and investment platform with a similar mandate of managing state-owned capital and making strategic investments on behalf of the Shanghai municipal government. Directly comparable in function, mandate structure, and government-owned holding company model.
• Wuxi Guolian Development (Group) Co., Ltd. Municipal-level state-owned investment and operation platform in Wuxi managing industrial investment funds and state-owned assets. Comparable in city-level scope, integrated asset management and PE investment operations, and SOE reform mandate.
• Guangzhou State-Owned Capital Development Holdings: Guangzhou municipal SOE capital operation and investment holding group with parallel structure combining state-owned asset management, industrial investment, and operating subsidiaries. Closely comparable mandate and geographic positioning as a major Chinese city-level SOE platform.
• Beijing State-Owned Capital Operation and Management Center: Beijing's municipal SOE capital management entity responsible for managing state-owned equity holdings and supporting municipal SOE reform. Comparable as a Chinese city-level SOE capital platform with asset management and investment functions.
• Suzhou State-Owned Capital Investment Group: Suzhou municipal SOE capital operation platform managing state-owned equity, industrial investment funds, and operating subsidiaries in a comparable integrated structure. Direct comparison as another major Chinese second-tier city SOE capital platform.
• Hangzhou State-Owned Capital Investment & Operation Co., Ltd. Hangzhou municipal SOE capital operation platform with combined state-owned asset management and equity investment functions. Directly comparable in scope, with similar municipal government ownership and SOE reform mandate.

Broad incumbents

• China Investment Corporation (CIC): China's sovereign wealth fund managing foreign exchange reserves through global and domestic investment. Comparable as a government-owned investment platform but operates at vastly larger scale with international mandate and different return targets.
• China Reform Holdings Corporation: National-level state-owned capital operation platform under SASAC, holding and managing state-owned equity across central SOEs. Comparable in SOE capital management mandate but operates at national scale with substantially larger AUM and broader sector exposure.
• China State Construction Engineering Corporation: Largest construction and real estate development SOE in China, providing broad-incumbent comparison for the group's construction subsidiary Hunan Jiaojian Group. Comparable in construction contracting operations but vastly larger and nationally diversified.

Regional players

• Changsha City Construction Investment Group: Changsha's municipal infrastructure and urban construction investment entity, and the actual joint venture partner of Changsha State-owned Capital in the sand and gravel trading subsidiary. Operates in the same city with overlapping urban construction and asset management mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Changsha State-owned Capital