Government

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China International Intellectech Corporation Group

CIIC Group was founded in 1987 as a state-owned enterprise under SASAC, initially focused on international cooperation in economy, technology, and talent.

China International Intellectech Corporation Group logo

China International Intellectech Corporation Group

CIIC Group was founded in 1987 as a state-owned enterprise under SASAC, initially focused on international cooperation in economy, technology, and talent. Bu Yulong serves as Chairman and Party Secretary, while Neil Bush, son of former US President George H.W. Bush, has held the title of Co-Chairman since 2006 — a trans-Pacific political linkage unusual for a Chinese government entity. The firm's operational footprint straddles government-mandated services and direct commercial investment. It operates the French Visa Application Center across multiple Chinese cities, a concession it has held since 2007 under authorization from the French Embassy in China. Alongside this administrative franchise, CIIC holds direct commercial real estate assets including the Zhongzhi Building in Shanghai's Minhang District, an office property on Shennan Zhong Road in Shenzhen's Futian District, the General Times Center Showroom in Beijing, and the Changzhou Culture Plaza Technology Centre — a portfolio that suggests a dual mandate of service provision and property accumulation. CIIC's structure includes minority external shareholders in certain subsidiaries — CITIC Securities Investment holds approximately 1.4% of CIIC Shanghai, per public filings. The firm also owns the Long March Digital Art Memorial in Guiyang, a cultural-property holding that extends its remit beyond commercial real estate and visa logistics into state-aligned heritage projects. Operational offices are confirmed in Beijing, Shanghai, Shenzhen, Changzhou, and Guiyang. CIIC's structural differentiator is its unusual franchise as a visa-processing intermediary for a major European government, creating a captive operating business that sits outside typical state-owned enterprise activities. Combined with a commercial real estate portfolio and cross-border talent services, the firm functions as a multi-mandate government platform — not a pure investment vehicle, but an operating company with real assets whose balance sheet is opaque and whose capital deployment priorities are set by Party leadership rather than market-facing investment committees.

General information

Firm type

Government / Public Body

Year founded

1987

Location

Region

Asia

Country

China

City

Beijing

Corporate office

Beijing, China

Additional offices

Shanghai · Shenzhen · Changzhou · Guiyang

Principals

Bu Yulong

Chairman and Party Secretary

Neil Bush

Co-Chairman

Sector focus

Human Resources ServicesReal EstateGovernment & Public Services

Frequently asked questions

Who runs investment decisions at CIIC Group?

Bu Yulong, as Chairman and Party Secretary, is the named principal. Given CIIC's structure as a SASAC-controlled state-owned enterprise, material capital allocation decisions are subject to Party committee oversight and central government direction, not a standalone investment committee. Neil Bush, Co-Chairman since 2006, carries an advisory and external-relations role but does not appear to manage day-to-day operations per public record.

Is CIIC Group a single family office or an operating government entity?

CIIC is a state-owned enterprise under SASAC, not a family office. It operates as a government agency with a commercial portfolio: it runs the French Visa Application Center concession, owns office and cultural real estate, and provides international talent and technology cooperation services. Its balance sheet blends administrative franchise operations with direct property holdings.

Does CIIC Group disclose AUM or total deployment?

CIIC does not publicly disclose an assets-under-management figure or aggregate deployment number. The entity's financial reports are not available through standard international investor disclosures, consistent with its status as a non-listed state-owned enterprise. Any third-party AUM estimates would require inference from its property portfolio and operating revenue.

How is CIIC related to the French Visa Application Center network?

CIIC has operated the French Visa Application Center in multiple Chinese cities since 2007, under authorization from the French Embassy in China. This concession generates steady administrative revenue and gives CIIC a captive operating business distinct from its human-resources and real-estate lines, per the firm's own description of the relationship.

What assets does CIIC Group directly hold?

Confirmed holdings include the Zhongzhi Building in Shanghai, an office property on Shennan Zhong Road in Shenzhen, the General Times Center Showroom in Beijing, the Changzhou Culture Plaza Technology Centre, the Long March Digital Art Memorial in Guiyang, and the French Visa Application Center network across multiple cities. These constitute a mixed portfolio of commercial real estate, cultural facilities, and an administrative-services franchise.

What is Neil Bush's role at CIIC Group, and how did it originate?

Neil Bush, son of President George H.W. Bush and brother of President George W. Bush, has served as Co-Chairman of China International Intellectech Group Co., Ltd. since 2006, per public record. The role appears to be advisory and external-facing, leveraging Bush's longstanding business relationships with Chinese entities. CIIC has not disclosed the specific terms of his appointment or whether it carries operational authority.

Which government body ultimately controls CIIC Group?

SASAC — the State-owned Assets Supervision and Administration Commission of China's State Council — is CIIC Group's parent regulatory body and controlling entity. SASAC oversight means CIIC's governance, capital allocation, and strategic direction are subject to central government priorities rather than independent fiduciary mandates.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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