Beijing Capital Group Co., Ltd., also known as BCG or the Capital Group (simplified Chinese: 北京首都创业集团有限公司; pinyin: Běijīng shǒudū chuàngyè jítuán yǒuxiàn gōngsī, abbreviated 北京首创, pinyin Běijīng shǒu chuàng), is a state-owned real estate enterprise directly under the supervision of the State-owned Assets Supervision and Administration Commission of the

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

Municipality (Beijing SASAC). The Beijing Capital Group Co. was incorporated in 1994 and is primarily a real estate firm. Headquartered in

, BCG has a business network covering

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

as well as overseas markets, five listed

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

, and total assets of over RMB 180 billion (US$30 billion).

Core businesses

The Beijing Capital Group has four core businesses: *

Environmental protection Environmental protection, or environment protection, refers to the taking of measures to protecting the natural environment, prevent pollution and maintain ecological balance. Action may be taken by individuals, advocacy groups and governments. ...

, including water,

solid waste Municipal solid waste (MSW), commonly known as trash or garbage in the United States and rubbish in Britain, is a waste type consisting of everyday items that are discarded by the public. "Garbage" can also refer specifically to food waste, ...

air pollution Air pollution is the presence of substances in the Atmosphere of Earth, air that are harmful to humans, other living beings or the environment. Pollutants can be Gas, gases like Ground-level ozone, ozone or nitrogen oxides or small particles li ...

, and

environmental technology Environmental technology (or envirotech) is the use of engineering and technological approaches to understand and address issues that affect the environment with the aim of fostering environmental improvement. It involves the application of scien ...

. The key water subsidiary is Beijing Capital Co., Ltd, founded in 1999 and listed in 2000 (stock code: 600008). In 2011, the Group's Capital Environment Holdings Ltd. subsidiary entered the solid waste disposal sector by acquiring the New Environmental Energy Holdings Ltd. (03989.HK), which was subsequently renamed Capital Environment Holdings Ltd. *

Infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and pri ...

, including road, rail, and subways. Beijing Capital Group is a major investor in the

Beijing Subway The Beijing Subway is the rapid transit system of Beijing Direct-controlled municipality, Municipality that consists of 29 lines including 24 rapid transit lines, two airport rail links, one maglev line and two light rail, light rail tram line ...

in a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

partnership with the Hong Kong

MTR The Mass Transit Railway system, known locally by the initialism MTR, is a rapid transit system in Hong Kong and the territory's principal mode of Rail transport in Hong Kong, railway transportation. Operated by the MTR Corporation (MTRCL), ...

. * Real estate: Beijing Capital Land Ltd. (BCL) is the flagship company in the Group's real estate business, and is listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

(stock code: HK2868). *

Financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

/funds, including the Beijing Agricultural Investment Co., Ltd, set up in 2008.

Overseas investment

France

The Sino-EU Economic and Trade Cooperation Zone, built by BCG in 2012 in

Châteauroux Châteauroux ( ; ; ) is the capital city of the French department of Indre, central France and the second-largest town in the province of Berry, after Bourges. Its residents are called ''Castelroussins'' () in French. Climate Châteauroux te ...

, France, was the first large-scale comprehensive

industrial park An industrial park, also known as industrial estate or trading estate, is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more heavyweight version of a business park or office par ...

in a

developed country A developed country, or advanced country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for eval ...

established and operated by a Chinese enterprise. Despite these 2012 announcements, in 2020 the investments were not finalized, and the forecasted industrial park was no longer planned to be set-up in operation.

New Zealand

The Beijing Capital Group acquired Trans-Pacific Industries (TPI) in

New Zealand New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...

in June 2014 for NZ$950 million and set up the Beijing Capital Waste Management NZ Ltd (BCWM NZ). Regulatory approval was received from the New Zealand Government's

Overseas Investment Office The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into New Zealand. The Office is responsible for high value investments (2006: NZD $100m+), investments in sensitive land an ...

(OIO) in October 2013. In the New Zealand solid waste disposal sector, BCWM NZ has the largest market share, at 31 percent. BCG's investment in BCWM NZ is the single largest Chinese direct investment in New Zealand. In line with its application for Overseas Investment Office approval, Beijing Capital Group announced it would invest NZ$98 million in BCWM NZ to buy new assets, develop

landfill A landfill is a site for the disposal of waste materials. It is the oldest and most common form of waste disposal, although the systematic burial of waste with daily, intermediate and final covers only began in the 1940s. In the past, waste was ...

capacity, and introduce new

anaerobic digestion Anaerobic digestion is a sequence of processes by which microorganisms break down biodegradable material in the absence of oxygen. The process is used for industrial or domestic purposes to Waste management, manage waste or to produce fuels. Mu ...

technology at the Redvale landfill in Auckland.Jamie Gray, business reporter New Zealand Herald
/ref>

References

{{authority control Government-owned companies of China 1994 in Beijing