Tangshan Caofeidian Development Investment Group Co., Ltd. was established in July 2007. It is a wholly state-owned company funded by the State-owned Assets Office of Caofeidian Industrial Zone. It is mainly responsible for the investment and financing of infrastructure construction and urban operation functions of Caofeidian Industrial Zone. As of the end of July 2011, the group's registered capital was RMB 3.4014 billion and total assets were RMB 60.564 billion. With the great care and support of governments and leaders at all levels, the group has successively won the national "Worker Pioneer Award", Hebei Province's "May 1st Labor Certificate", Hebei Province's "Youth Civilization Award", and Tangshan City's "Advanced Unit for Safety Production Management" , "The Most Trustworthy Loan Enterprise" in Tangshan City's banking industry, "Advanced Unit in Civilization Construction" in Tangshan City, and "Advanced Unit in Comprehensive Management of Social Security Target Management" in Caofeidian Industrial Zone and many other honorary titles.