Beijing Capital Group Explained

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 Municipality (Beijing SASAC).^[1] The Beijing Capital Group Co. was incorporated in 1994 and is primarily a real estate firm. ^[2] Headquartered in Beijing, BCG has a business network covering China as well as overseas markets, five listed subsidiaries, and total assets of over RMB 180 billion (US$30 billion).

Core businesses

The Beijing Capital Group has four core businesses:

• Environmental protection, including water, solid waste, air pollution, and environmental technology. 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, including road, rail, and subways. Beijing Capital Group is a major investor in the Beijing Subway in a joint venture partnership with the Hong Kong MTR.
• 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 (stock code: HK2868).
• Financial services/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, France, was the first large-scale comprehensive industrial park in a developed country established and operated by a Chinese enterprise.^{[3] [4]}

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. ^[5]

New Zealand

The Beijing Capital Group acquired Trans-Pacific Industries (TPI) in New Zealand 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 (OIO) in October 2013.^[6] In the New Zealand solid waste disposal sector, BCWM NZ has the largest market share, at 31 percent.^[7] BCG's investment in BCWM NZ is the single largest Chinese direct investment in New Zealand.^[8] 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 capacity, and introduce new anaerobic digestion technology at the Redvale landfill in Auckland.^[9]

Notes and References

1. Book: 中国投资学会 . 中国投资年鉴 . 中国金融出版社 . 2002 . 978-7-5011-5948-2 . zh . 2024-07-16 . 139.
2. Web site: 18 March 2022 . Beijing Capital Group Co Ltd . .
3. http://www.bjcapital.com/en/content/details_160_402.html Beijing Capital Group website
4. http://www.chinadaily.com.cn/m/beijing/zhongguancun/2013-07/10/content_16757373.htm China Daily article 10 July 2013, accessed 28 December 2015
5. https://www.lemonde.fr/economie/article/2020/01/28/a-chateauroux-le-hub-sino-europeen-a-fait-long-feu_6027498_3234.html LeMonde.fr - In Châteauroux, the Sino-European hub has fizzled out
6. New Zealand Overseas Investment Office http://www.linz.govt.nz/regulatory/overseas-investment/decision-summaries-statistics/2014-06/201410015.
7. http://www.bjcapital.com/en/content/details_160_402.html Beijing Capital Group website
8. Overseas Investment Office http://www.linz.govt.nz/regulatory/overseas-investment.
9. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11288706 Jamie Gray, business reporter New Zealand Herald