Dongfang Group Co., Ltd. (600811)

Dongfang Group Co., Ltd. (600811)

Dongfang Group was founded in 1978, the first year of China's reform and opening up. It is a large investment holding enterprise group. Its full name is Dongfang Group Co., Ltd. Dongfang Group Co., Ltd., a member of Dongfang Group, is the first private enterprise in Heilongjiang Province to issue shares to the public and to be listed. It is also one of the first private enterprises in China to implement the shareholding system reform and be approved to be listed.

At present, Dongfang Group shares in four well-known listed companies: Dongfang Group Co., Ltd. (600811. SH), United Energy Group Co., Ltd. (00467. HK), China Minsheng Bank Co., Ltd. (600016. Sh, 01988. HK), Jinzhou Port Co., Ltd. (a share: 600190. Sh, B share: 900952. SH). At present, Dongfang Group mainly invests in and operates seven industries, including finance, modern agriculture and health food, new urbanization development, port transportation, information security, oil and gas and new energy, resources and products. Dongfang Group will be ranked 81st among the "top 500 private enterprises in China" and 31st among the "top 100 private enterprises in China's service industry" in 2020.

Since its establishment, Dongfang Group has created many firsts in the development history of China's private enterprises: in 1988, it became one of the first batch of four joint-stock pilot enterprises in China; In 1989, it became one of the first enterprises in China to have the right to operate the border trade with the Soviet Union; In 1990, the first joint venture under the non-governmental agreement between the Soviet Union and China was established; In 1991, it became the first private enterprise group with foreign economic cooperation and import and export rights; In 1993, Dongfang Group Co., Ltd., a member of the group, became one of the first enterprises to issue shares to the public in China; In 1994, it became the first private enterprise group with non bank financial institution license in China; In 1995, Dongfang Group Co., Ltd., a member of the group, became the first private enterprise holding large ports; In 2000, Dongfang Group Co., Ltd., a member of the group, became one of the three major shareholders of China Minsheng Bank, China's first national joint-stock commercial bank mainly owned by non-public enterprises; In 2010, it became the first private enterprise in China to acquire the assets of an international oil giant; In 2014, it established China's first citizen network electronic ID card operation organization; In 2017, Pakistan's largest wind power project was invested and completed.

Dongfang Group takes the investment holding type as the development mode of enterprise group, takes the resource industry as the main investment and operation target, takes the interaction between asset management and capital operation as the management philosophy, and takes the innovation and management of strategic alliance as the strategic core, so it has become a multinational enterprise group with oriental characteristics and advantages.

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