City Investment and Development Corporation (CIDC) is a government-funded urban investment and development company with independent legal personality,the main function is to undertake urban infrastructure construction and investment and financing business.
Urban investment companies are an important force in urban construction, which can promote urban development and improve the living standards of urban residents, as well as an important partner of the government to promote the urbanization process. The history of CICs can be traced back to the late 1980s, when China's urbanization process was just beginning. As urbanization accelerated, the government began to vigorously develop CICs. Currently, China's CICs have become an important force in the domestic capital market, providing strong support for the development of urbanization.
The main business of urban investment companies. include investment in urban infrastructure construction, investment in the construction of urban public ****service facilities, urban land development, urban real estate development and so on. Urban investment companies often cooperate with government departments to ****together promote urban construction and development. As urbanization continues to accelerate, the role of CICs is increasingly being emphasized, and many CICs are actively exploring new business areas, such as environmental protection and energy, to meet the needs of urban development.
The characteristics of CICs include operational and public welfare; consistent and service-oriented features. Among them, the characteristics of public welfare as the main business as a complement to the performance of the characteristics of its construction or operation of state-owned assets are mostly urban infrastructure, related to the local economy and people's livelihood, most of them are not for profit, the public welfare is strong.
CICs are actively exploring new business areas, such as environmental protection and energy, to meet the needs of urban development. At the same time, CIC is also promoting the development of Internet+City Investment, which improves the management efficiency and service level of CIC through information technology to provide better support for the development of the city, and bank loans are the main supplementary financing method for the source of funds of CIC.
City investment company's business model. Mainly including PPP mode and BOT mode, PPP mode is a public-private partnership mode, that is, the government departments and enterprises **** with the risks and benefits of the project construction, operation and maintenance; BOT mode is the construction-operation-transfer mode, by the enterprise to invest in the construction project, operation after a certain period of time, and then the project will be transferred to the government or other institutions. These two models have been widely used in urban infrastructure construction, providing important support for the development of cities.
The important role of urban investment companies. During the epidemic, CICs actively participated in the fight against the epidemic and made positive contributions to the prevention and control of the epidemic by increasing investment in medical and health facilities, accelerating the construction of temporary medical facilities such as the Square Cabin Hospital, actively supporting manufacturers of protective materials, and providing financing support to enterprises affected by the epidemic.
In addition to epidemic prevention and control, CIC also plays an important role in urban infrastructure construction. By investing in infrastructure construction, CIC promotes the development of cities and improves their competitiveness. For example, CICs can invest in infrastructure construction such as highways, bridges, water conservancy, and electric power in order to improve the level of infrastructure in cities in terms of transportation, water and electricity, thus promoting the development of cities and improving their competitiveness.
With the continuous development of urbanization, the business of CIC is also expanding. In short, as an important force in urban construction, CIC will face new opportunities and challenges, and will need to continue to innovate and develop to meet the needs of urban development.
City investment companies need to pay attention to the interests of the public ****, pay attention to risk control, rational use of market mechanisms and financial instruments, and actively participate in the construction of urban infrastructure, which will contribute to the sustainable development of the city and the virtuous cycle of economic and social development.
In the future, with the continuous development of urbanization, CIC will play an increasingly important role and make greater contributions to the prosperity of the city.