- China Poly Group
China Poly Group (Chinese: 中国保利集团) is a
business group headquartered inChina .History
With the approval of the State Council, China Poly Group Corp. was set up on the basis of
Poly Technologies, Inc. in February 1993. It is one of the 166 central enterprises under the supervision and management of theState-owned Assets Supervision and Administration Commission (SASAC ).After more than 20 years of development, international trading and real estate have been well established as the two core businesses of the Group, while the culture industry is in cultivation and steady development. Having its affiliated enterprises and projects in
Beijing ,Shanghai ,Guangzhou ,Shenzhen ,Wuhan ,Changsha ,Tianjin ,Harbin ,Shenyang ,Chongqing ,Hain , andHong Kong etc., the Group Corporation has made significant achievements in capital scale, economic benefits, business management and system construction, characterized by professionalism, scale operation and optimal allocation of resources.Trade
International trading is Poly Group's traditionally focused industry and one of its present core businesses with
Poly Technologies , Inc as its major operating platform, which ranks 63 among the top 500 import & export enterprises ofChina published by Ministry of Commerce in 2005. While intensifying its efforts on major business of defense and civilian products trading,Poly Technologies , Inc, in accordance with the strategy of "parallel focus on both trading and natural resources development", is taking an active part in such resources business as coal-mining, iron ore and crude oil exploration investment. Recently it also collaborates withChina Council for the Promotion of International Trade (CCPIT ) in the investment of newChina International Exhibition Center . Poly Group is accredited bySASAC as the only central enterprise mainly engaged in defense items trading.Real Estate
Real Estate is another core business Poly Group has prioritized and devoted to in recent years. So far, tens of billions RMB has been invested, over 13 million sq meters of projects are under construction, while more than 15 million square meters of land are in reserve. At present, two major operating platforms in real estate industry within Poly Group have come into shapre: the domestic platform with
Poly Real Estate Group Co.,Ltd playing leading role (to be listed soon), which ascended to top 5China property developers in 2005 for its valuable brand and comprehensive strength; and the overseas platform withPoly (Hong Kong) Investments Limited (0119.HK) as the major entity. Poly Group was the most profitable enterprise in 2005 among all central enterprises primarily engaged in property development.Culture
Cultural business is an industry Poly Group has been spcifically fostering over the past years.
Poly Culture & Arts Co., Ltd. acts as its core enterprise. Its business covers theatrical performance, theatre management, antique collection, artworks auction, film & TV program production, film distribution and cinema chains management. It was designated as "cultural industry's role model" byMinistry of Culture .References
*China Poly Group Corporation Annual Report 2005
External links
* [http://www.poly.com.cn/ Official website]
Wikimedia Foundation. 2010.