Shoucheng Holdings Limited () is a Hong Kong-based investment holding company and a

red chip Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...

stock. It is a subsidiary of

Shougang Group Shougang Group Co., Ltd. ( zh, s=首钢集团有限公司), formerly known as Shougang Corporation, is a major state-owned enterprise based in Beijing, China. Founded in 1919, it is one of China's oldest and most prominent steel producers. Over ...

, a state-owned enterprise based in Beijing. The company focuses on infrastructure asset management and intelligent infrastructure investment across mainland China. The company operates under a dual business model of asset operation including intelligent parking infrastructure and property-related facilities and Fundraising, Investment, Management, and Exit, applied to infrastructure asset investment and lifecycle management.

History

The company was originally established as Tung Wing Steel and Iron Company Limited. In 1992,

and

Cheung Kong Holdings Cheung Kong (Holdings) Limited, is a multinational conglomerate, based in Hong Kong. It was one of Hong Kong's leading multi-national conglomerates. The company merged with its subsidiary Hutchison Whampoa on 3 June 2015, as part of a ma ...

acquired controlling interests, and in 1993 it was renamed Shougang Concord International. It was one of the early constituents of the Hang Seng China-Affiliated Corporations Index. Since 2016, Shoucheng Holdings has undergone a major business transformation. It divested its legacy steel and trading businesses and transitioned to an infrastructure asset-focused model. In 2020, the company changed its name to Shoucheng Holdings Limited to reflect this new direction. In 2023 and 2024, Shoucheng expanded its national footprint in infrastructure management: * Acquired operating rights for parking assets at

Tianjin Binhai International Airport Tianjin Binhai International Airport is an international airport serving Tianjin, the municipality in North China. It is one of the major air cargo centers in the People's Republic of China. It is the hub airport for Tianjin Airlines, esta ...

and

Lhasa Gonggar Airport Lhasa Gonggar International Airport () also known as Lhasa Konggar International Airport is the airport serving Lhasa, the capital city of the Tibet Autonomous Region, People's Republic of China. It is about to Lhasa and about southwest of t ...

* Launched Shoucheng Supercharge Energy Technology Co., entering the green energy sector * Invested in X Square Robot, supporting China's advanced robotics ecosystem

Corporate affairs

Shoucheng Holdings is majority owned and controlled by

, a state-owned enterprise under the People’s Government of Beijing Municipality. As of 2024, the largest shareholders include: *Shougang Holding (Hong Kong) Limited – direct controlling shareholder *Public shareholders – traded via the Hong Kong Stock Exchange under stock code The company is governed by a board of directors chaired by Zhao Tianyang. It is headquartered in Hong Kong with operations concentrated in mainland China.

References

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External links

Official website of Shoucheng Holdings Limited
Companies listed on the Hong Kong Stock Exchange Conglomerate companies of Hong Kong Companies established in 1993 Companies owned by provincial governments of China CK Hutchison Holdings 1993 establishments in China