Sichuan Development Holding

The Sichuan Provincial Government owns the firm through two entities: the State-owned Assets Supervision and Administration Commission (SASAC) holds 90%, and the Sichuan Provincial Department of Finance holds 10%. This makes SDH a direct instrument of provincial fiscal and industrial policy rather than an independent investment office.

SDH partnered with Apple to develop 40MW of solar farm projects in Sichuan province. The arrangement supports Apple's goal of powering its Chinese supply chain with renewable energy, aligning provincial infrastructure investment with a multinational corporation's operational needs.

The firm's known portfolio spans commercial and residential real estate, renewable energy generation, agricultural supply chains, aircraft leasing, and mineral resources. This mix reflects the province's dual objectives of economic development and financial return.

Yes. Public records show a joint venture with Tianyun International Holdings Limited to build an agricultural supply-chain platform, and the solar partnership with Apple represents a co-investment structure with a corporate partner. SDH's leadership also maintains ties to the private sector through the General Association of Sichuan Entrepreneurs.

Sichuan Development Holding is a sub-national government investment vehicle, not a sovereign wealth fund. Its capital comes from provincial — not national — fiscal resources, and its mandate is geographically concentrated on Sichuan's economic development. Most sovereign funds invest globally on a portfolio basis; SDH's assets are predominantly domestic and tied to provincial policy priorities.