State Development and Investment Corporation (SDIC) (国家开发投资公司) is the largest state-owned investment holding company in China.[1] It was established on 5 May 1995. [citation needed] SDIC's industrial investment mainly goes to power generation,[2] coal mining,[3] ports and shipping, chemical fertilizer production, and other infrastructure or resource-oriented fields as well as high-tech projects.[citation needed]
As a pilot company in state-owned assets management appointed by State-owned Assets Supervision and Administration Commission (SASAC) of the State Council of China,[4] SDIC plays a role in optimizing the structure of state sector of the economy.
The SDIC-group was formed by merging companies of the energy producing, mining and communication industry as well as other industrial sectors.
Since 2005, SASAC has uprooted three industrial SOEs under its supervision—State Development and Investment Corporation (SDIC), China Chengtong Group and China Guoxin Corporations—from their sectoral production and remoulded them into holding and investment companies