Beijing State-owned Capital Operation and Management

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Beijing State-owned Capital Operation and Management Company Limited
Native name
北京国有资本运营管理有限公司
FormerlyBeijing State-owned Capital Operation and Management Center
Company typeState-owned enterprise
IndustryFinancial services
Founded2008; 17 years ago (2008)
HeadquartersBeijing, China
Increase CN¥1.33 trillion (2023)
Decrease CN¥29.59 billion (2023)
Total assetsIncrease CN¥3.48 trillion (2023)
Total equityIncrease CN¥1.28 trillion (2023)
OwnerBeijing Municipal People's Government
ParentBeijing SASAC
Websitewww.bscomc.com
Footnotes / references
[1]

Beijing State-owned Capital Operation and Management Company Limited (BSCOMC; Chinese: 北京国管; pinyin: Běijīng guó guǎn) is a Chinese state-owned financial services company based in Beijing.

It is the sister company of Beijing State-owned Assets Management.

History

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BSCOMC was established in 2008 with funding from the Beijing Municipal People's Government.[2][3]

In July 2021, BSCOMC was restructured from an industrial enterprise wholly-owned by the people to a wholly state-owned company. BSCOMC is wholly owned by Beijing SASAC.[2][4]

In February 2022, for the first time, BSCOMC issued Euro-denominated investment grade bonds. At the time it was the first Chinese investment holding company to obtain high credit ratings from all Big Three credit rating agencies. The bonds were listed on the Hong Kong Stock Exchange.[5]

Business operations

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BSCOMC's main business is investing and managing state-owned capital. It plays a strategic role on behalf of the Beijing Municipal People's Government.[2][4]

Credit rating agencies have assigned strong ratings to BSCOMC.[2][4] One of the reasons is BSCOMC's management which is stated to have strong oversight and controls to mitigate risks.[2][3][4]

BSCOMC holds ownership in many listed and unlisted Beijing-based companies. Its largest holdings include Shougang Group, BOE Technology, BAIC Group and BBMG.[2]

Due to its strong control over industries, BSCOMC is commonly known as China's Temasek.[3]

References

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  1. ^ "2023 Annual Report" (PDF). Sina.
  2. ^ a b c d e f Ren, Yingxue (29 June 2022). "Surveillance Credit Rating Report: Beijing State-owned Capital Operation and Management Company Limited" (PDF). S&P.
  3. ^ a b c "中国版淡马锡浮出水面". Sohu. 17 October 2022. Retrieved 22 March 2025.
  4. ^ a b c d "Fitch Affirms Beijing State-owned Capital Operation and Management at 'A+'; Outlook Negative". Fitch Ratings. 30 October 2024. Archived from the original on 9 November 2024. Retrieved 22 March 2025.
  5. ^ "德银协助北京国管成功发行首笔十亿欧元投资级债券". Economic Information Daily. 25 February 2022. Archived from the original on 16 December 2023. Retrieved 22 March 2025.