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Ningbo Development and Investment Group Co., Ltd. is a wholly state-owned company directly under the Ningbo Municipal People's government authorized to operate state-owned assets. It is one of the main backbone enterprises under the supervision of Ningbo SASAC. By the end of December 2017, the total assets of the investment company were 45.198 billion yuan, the net assets were 16.082 billion yuan, and the asset liability ratio was 64.42%. As the main investor and capital management organization funded and established by the municipal government, the main function of the investment group is to raise and finance funds through multiple channels and in various forms around the central work of the municipal Party committee and the municipal government, and to carry out major project development, construction and investment operation in the direction of energy, urban construction and social undertakings, so as to serve the economic and social development of Ningbo. At present, the group has nearly 91 holding enterprises, including Ningbo Energy Group Co., Ltd., Ningbo Thermal Power Co., Ltd., Ningbo investment and Construction Co., Ltd., Ningbo Jiangdong development and Investment Co., Ltd., Ningbo Cultural Plaza investment and Development Co., Ltd., Ningbo Olympic Sports Center investment and Development Co., Ltd., Ningbo bulk commodity exchange Co., Ltd., etc There are 60 participating enterprises, including Bank of Ningbo Co., Ltd., CNOOC Zhejiang Ningbo LNG Co., Ltd., Zhejiang Datang Wushashan Power Generation Co., Ltd., Ningbo lejin Yongxing Chemical Co., Ltd. and China Land Property Insurance Co., Ltd.

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