# Shangrao City Construction Investment Development Group Shangrao City Construction Investment Development Group is a Corporate Investor based in Shangrao, China. ## Overview - **Organization type:** Corporate Investor - **Headquarters:** Shangrao, China - **Region:** Asia - **Address:** Shangrao, Jiangxi, China - **Founded:** 2002 - **Assets under management:** Undisclosed - **Website:** jxsrct.com ## Regulatory record - **Reports private funds:** No ## About Founded in 2002, Shangrao City Construction Investment Development Group (SCID) was established by the Shangrao State-owned Assets Supervision and Administration Commission (SASAC) to execute the municipal government's urbanization agenda. The group sits under Shangrao Urban Operation (Holding) Group Co., Ltd., which holds 98% of its equity, and ultimately rolls up to Shangrao Investment Holding Group — the city's primary investment platform. Chairman Chen Bo and CEO Li Yi lead an entity that functions less as a traditional asset manager and more as an operational extension of the city's planning bureau, directly owning and developing the built environment across Jiangxi province. SCID's deployment spans heavy civil infrastructure, municipal services, and commercial real estate. The group owns Shangrao Sanqingshan Airport and the Shangrao City Toll Road, and operates the city's water supply and sewage network — assets that generate steady, regulated cash flows. On the development side, SCID builds and holds resettlement housing projects, mixed-use infrastructure portfolios, and land development parcels that prepare raw sites for industrial or residential use. The group also controls the Guifeng Scenic Area, a tourism asset, and maintains aluminum production and trading operations, extending its reach into industrial supply chains. These holdings cut across transportation, environment, real estate, and commodities, giving SCID a diversified, asset-heavy balance sheet uncommon among Chinese municipal investment vehicles. SCID operates through a holding structure that segments its activities into state-owned asset operation, engineering, property, transportation, environment, logistics, hotel, healthcare, finance, and power. The parent company, Shangrao Urban Operation (Holding) Group, and the grandparent, Shangrao Investment Holding Group, provide additional balance-sheet depth and allow for capital rotations between revenue-generating commercial assets and policy-driven public projects. What distinguishes SCID structurally is its dual identity as both a local government financing vehicle and a direct operating company. Rather than passively holding equity stakes, the group directly operates airports, scenic areas, and aluminum trading desks. This integration blurs the line between municipal function and commercial enterprise — a model increasingly targeted by Chinese central government reforms that seek to separate LGFVs' public welfare functions from market-oriented businesses. How SCID navigates that regulatory push, and whether it eventually rebalances toward profit-seeking infrastructure operations or retreats to a pure public-works mandate, will define its next decade. ## Sectors - Infrastructure - Real Estate - Energy Transition & Renewables - Healthcare Services - Logistics - Hospitality - FinTech ## People - Chen Bo — Chairman of the Board - Li Yi — Chief Executive Officer ## Questions ### Who controls Shangrao City Construction Investment Development Group? SCID is a state-owned enterprise ultimately controlled by the Shangrao Municipal Government through the Shangrao SASAC. Its direct parent is Shangrao Urban Operation (Holding) Group Co., Ltd., which holds 98% of its equity. The grandparent entity, Shangrao Investment Holding Group Co., Ltd., serves as the primary investment platform for the municipal government and provides strategic and financial oversight. ### What physical assets does SCID directly own and operate? SCID owns and operates Shangrao Sanqingshan Airport, the Shangrao City Toll Road, and the city's water supply and sewage network. The group also controls the Guifeng Scenic Area, a tourism asset in Jiangxi, and holds a portfolio of resettlement housing projects, mixed-use infrastructure developments, and land development parcels. Additionally, it maintains aluminum production and trading operations. ### Is SCID an investor in third-party funds or only a direct developer? SCID primarily functions as a direct developer and operator of public infrastructure and commercial assets — it is not known to commit capital to external third-party funds as a limited partner. Its mandate centers on on-balance-sheet ownership and operation of assets that serve Shangrao's urbanization goals, rather than portfolio-style fund investments. ### How does SCID differ from a typical Chinese LGFV? While SCID shares the LGFV function of financing municipal infrastructure, it distinguishes itself by directly operating commercial and industrial assets — including an airport, toll road, water utility, scenic area, and aluminum trading business — rather than merely channeling funds to third-party developers. This operational integration makes SCID more of a hybrid between a municipal services conglomerate and a traditional local government financing vehicle. ### What sectors are explicitly within SCID's operating scope? SCID's disclosed operational scope covers state-owned asset operation, engineering, property, transportation, environment, logistics, hotel, healthcare, finance, and power. This breadth reflects the group's role as a catch-all municipal operating entity rather than a sector-specialist investor. ### Who makes investment decisions at SCID? Investment and operational decisions are made under the leadership of Chairman Chen Bo and CEO Li Yi, subject to oversight from the parent entity Shangrao Urban Operation (Holding) Group and ultimately the Shangrao SASAC. As a state-owned enterprise, major capital allocation choices — particularly infrastructure and land development projects — are aligned with municipal government planning cycles and policy directives. ## Related profiles - [Shangqi Capital](https://altss.com/profile/shangqi-capital) - [Shangshi Fund](https://altss.com/profile/shangshi-fund) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/shangrao-city-construction-investment-development-group Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology