Eight major investments in Chongqing:
Chongqing Expressway Development Co., Ltd.
Chongqing High-Grade Highway Construction Investment Co., Ltd.
Chongqing Urban Construction Investment Co., Ltd.
Chongqing Construction Investment Company.
Chongqing Water Conservancy Investment Co., Ltd.
Chongqing Development Investment Co., Ltd.
Chongqing Water Group.
Chongqing Real Estate Group.
“Eight Investments” is a business card of Chongqing. In terms of operation mode, Chongqing injected land assets into the "Eight Investments", allowing them to obtain mortgage loans from banks, which made Chongqing's investment grow by leaps and bounds.
“The financing of large and small ‘infrastructure’ projects in Chongqing is entirely supported by the ‘Eight Major Investments’.” A relevant person from an urban investment company confirmed that the "Eight Major Investments" have a credit line of up to 200 billion yuan from major banks.
Data show that Chongqing’s total state-owned assets were 170 billion yuan in 2003, 320 billion yuan five years later, and soared to 1.46 trillion yuan in 2011, eight years later.
Extended information:
In 2002, Huang Qifan, who had unique insights into economic theory and rich experience in state-owned asset management, drew on the "Shanghai Model" and took the lead in integrating various scattered government resources. , on this basis, Chongqing’s “Eight Major Investments” were established, namely Chongqing Urban Investment Company, Gaofa Investment Company, High-Tech Investment Company, Real Estate Group, Construction Investment Company, Development Investment Company, Water Affairs Holding Company and Water Investment Company.
The "Eight Major Investments" are owned and authorized to operate by the Chongqing government. They have now become an important investment and financing platform for major projects in the public sector such as infrastructure and urban construction in Chongqing. As of the beginning of 2009, Chongqing's "Eight Major Investments" The total assets of the company reached RMB 330 billion.
Reference material: People's Daily Online - Chongqing's "Eight Major Investments" model has become a hot topic of discussion