# Ningbo Development and Investment Group

Ningbo Development and Investment Group is an Asset Manager based in Ningbo, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Ningbo, China
- **Region:** Asia
- **Address:** Floor 16-22, Building B, Development Building, No. 187 Changle Road, Yinzhou District, Ningbo, Zhejiang, China
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **LinkedIn:** linkedin.com/company/ningbo-development-and-investment-group

## Regulatory record

- **Reports private funds:** No

## About

Ningbo Development and Investment Group is a China-based investment company headquartered in Ningbo. It is located in Ningbo, China.

## Sectors

- Real Estate
- Financial Services
- Natural Resources
- Sports & Entertainment

## People

- Ningbo Municipal People's Government — Founder and Ultimate Controlling Entity via SASAC

## Questions

### Who controls Ningbo Development and Investment Group?

The Ningbo Municipal People's Government is the ultimate controlling entity, exercising ownership through the State-owned Assets Supervision and Administration Commission (SASAC). The group functions as a municipal capital operation platform, meaning investment and divestment decisions align with the city's fiscal and industrial policy directives.

### What is the group's relationship to Bank of Ningbo?

Ningbo Development and Investment Group is one of the largest shareholders of Bank of Ningbo, a Shenzhen-listed city commercial bank. Other major shareholders include Singapore's OCBC Bank and the Youngor Group. The bank had total assets of approximately RMB 2.71 trillion as of year-end 2023 (per Bank of Ningbo annual report, 2023).

### Why does a state-owned asset manager own a professional basketball team?

The Ningbo FUBANG Men's Basketball Club, which competes in the Chinese Basketball Association, serves as a municipal branding asset. For Chinese local governments, owning a top-tier sports franchise signals civic prestige and supports urban development goals, particularly in second-tier cities competing for talent and investment.

### Is the group's financial information publicly available?

The group does not publish standalone financial statements as a matter of routine. Some portfolio-level data is accessible through the public filings of Bank of Ningbo, but the consolidated balance sheet, total assets under management, and investment returns of Ningbo Development and Investment Group are not publicly disclosed.

## Related profiles

- [Ningbo Danbei Investment Management Partnership](https://altss.com/profile/ningbo-danbei-investment-management-partnership)
- [Ningbo Meishan Bonded Port Area Lisichen Investment Management](https://altss.com/profile/ningbo-meishan-bonded-port-area-lisichen-investment-management)

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Last updated: 2026-06-03T20:00:00.000Z

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