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Hangzhou Finance And Investment Group Co., Ltd.
CHINA

Business Summary
Hangzhou Finance And Investment Group Co. Ltd. ("HFI") is wholly owned by the Hangzhou municipal State-owned Assets Supervision and Administration Commission. Through this body and other agencies, the local government guides and collaborates with HFI on policy initiatives, oversees its business development, and selects its board members. HFI manages and invests in a number of policy-related funds to promote the development of Hangzhou businesses, it holds shares of a several local enterprises and is a minority shareholder in several city infrastructure development companies. The group also operates the Hangzhou citizen smart card, which provides essential services to the population.

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Wednesday, October 23, 2024