Beijing Capital GroupBeijing Capital Group Co., Ltd., also known as BCG or the Capital Group (simplified Chinese: 北京首都创业集团有限公司; pinyin: Běijīng shǒudū chuàngyè jítuán yǒuxiàn gōngsī, abbreviated 北京首创, pinyin Běijīng shǒu chuàng), is a state-owned real estate enterprise directly under the supervision of the State-owned Assets Supervision and Administration Commission of the Beijing Municipality (Beijing SASAC).[1] The Beijing Capital Group Co. was incorporated in 1994 and is primarily a real estate firm. [2] Headquartered in Beijing, BCG has a business network covering China as well as overseas markets, five listed subsidiaries, and total assets of over RMB 180 billion (US$30 billion). Core businessesThe Beijing Capital Group has four core businesses:
Overseas investmentFranceThe Sino-EU Economic and Trade Cooperation Zone, built by BCG in 2012 in Châteauroux, France, was the first large-scale comprehensive industrial park in a developed country established and operated by a Chinese enterprise.[3][4] Despite these 2012 announcements, in 2020 the investments were not finalized, and the forecasted industrial park was no longer planned to be set-up in operation. [5] New ZealandThe Beijing Capital Group acquired Trans-Pacific Industries (TPI) in New Zealand in June 2014 for NZ$950 million and set up the Beijing Capital Waste Management NZ Ltd (BCWM NZ). Regulatory approval was received from the New Zealand Government's Overseas Investment Office (OIO) in October 2013.[6] In the New Zealand solid waste disposal sector, BCWM NZ has the largest market share, at 31 percent.[7] As of December 2015[update] BCG's investment in BCWM NZ is the single largest Chinese direct investment in New Zealand.[8] In line with its application for Overseas Investment Office approval, Beijing Capital Group announced it would invest NZ$98 million in BCWM NZ to buy new assets, develop landfill capacity, and introduce new anaerobic digestion technology at the Redvale landfill in Auckland.[9] References
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