State Development &amp; Investment CorporationState Development &amp; Investment Corporation State Development & Investment Corporation State Development & Investment Corporation (SDIC) (国家开发投资公司) is the largest state-owned investment holding company in China. It was established on 5 May 1995, and by the end of 2008, it had a workforce of more than 60,000 employees with registered capital of US$2.4 billion, total assets of US$25.7 billion and shareholders' equity of US$8.3 billion. In 2008, its operation revenue reached US$6.2 billion, its total volume of import and export exceeded US$1.2 billion and its total profit hit US$730 million. SDIC is playing an increasingly important role in the development  of national economy and the restructuring of the state sector of the economy. Since its establishment, SDIC continuously improves its development strategy, optimizes its assets composition, and has built its unique tri-pillared business framework that integrates industrial investment, financial services and state-owned assets management. SDIC's industrial investment mainly goes to power generation, coal mining, ports and shipping, chemical fertilizer production and other infrastructure or resource-oriented fields as well as high-tech projects. Industrial projects, subsidiaries and invested entities. Power Generation: SDIC Huajing Power Holdings Company Limited (SHA:600886) (国投华靖电力控股股份有限公司 abbreviated as “国投电力”) is listed on the Shanghai  Stock Exchange. By the end of 2008, the capacity of SDIC's power projects commissioned and under construction has reached 46,060 MW; by 2012, SDIC will increase its total installed capacity to more than 50,000 MW. One of its key power projects is the hydropower development of the entire reach of Sichuan's Yalong River. Eventually 21 hydropower stations will be built along the River, with a total installed capacity of 30,000 MW. The construction of a hydroelectric plant on the Yalong was approved by the NDRC. Coal Mining: the coal mining capacity of SDIC in 2008 exceeded 20 million  tons; in 2012 it will reach 60 million tons. SDIC Coal Company (国投煤炭公司) is the principal wholly owned company. SDIC Xinji Energy Company Ltd, () (国投新集能源股份有限公司) one of SDIC's listed subsidiaries, made a profit of US$230 million in 2008. Ports and Shipping: the handling capacity of SDIC's ports commissioned and under construction reached 160 million tons per annum. Caofeidian coal terminal in which SDIC has controlling shares through SDIC Caofeidian Port Co. Ltd., is an important hub for coal transportation in China. When completed, this terminal's total unloading capacity will be 200 million tons per annum. Chemical  Fertilizer Production: The reserve of potassium salt resource owned by SDIC-controlled subsidiary SDIC Luobupo Potash Co. Ltd., Ruoqiang County, accounts for more than half of China's proven potassium salt reserves. Phase-I of the Luobupo Potassium Sulfate Fertilizer Project, the capacity of which is 1.2 million tons per annum, is in trial operation. After the completion of Phase-II, this project will have an annual capacity of 3 million tons of potassium fertilizer, becoming one of the largest producers of potassium sulfate fertilizer in the world. In the meantime, SDIC attaches great importance to the cooperation with large  international companies in the industrial field, and strives to expand overseas markets and make outbound investment. Financial services. In the financial services sector, SDIC has invested in banks, trust companies, securities firms, fund management companies and other financial institutions, and has cooperated with international companies such as Standard Chartered Bank, UBS and HVB. SDIC and UBS have co-established a fund management company UBS-SDIC (国投瑞银), which is the first joint-funded fund management company that reached the highest limit of foreign shareholding proportion, 49%, since China's accession to the WTO. SDIC's name is used first in Chinese , the Swiss company's name is used first in western languages. Management of state assets. As a pilot company in state-owned assets management appointed by State-owned Assets Supervision and Administration Commission (SASAC) of the State Council of China, SDIC plays a unique role in optimizing the structure of state sector of the economy. Facing the future, SDIC will persist in its tenet of "Working for Shareholders, for the Society and for the Employees", and do its utmost to promote sound and fast development, and to build itself into a world-class investment holding company that is strong, influential  and cohesive. State Development & Investment Corporation State Development & Investment Corporation (SDIC) (国家开发投资公司) is the largest state-owned investment holding company in China. It was established on 5 May 1995, and by the end of 2008, it had a workforce of more than 60,000 employees with registered capital of US$2.4 billion, total assets of US$25.7 billion and shareholders' equity of US$8.3 billion. In 2008, its operation revenue reached US$6.2 billion, its total volume of import and export exceeded US$1.2 billion and its total profit hit US$730 million. SDIC is playing an increasingly important role in