Beijing Guoziwei

Founded in 2003 by the Beijing Municipal People's Government, Beijing Guoziwei is a special commission based in Beijing, China, that oversees major corporations like BAIC Group, Shougang Group, Beijing Enterprises Group, and Beijing Public Transport Group. Under Director Zeng Jin, the agency is responsible for supervising and managing the city's state-owned assets, corporate restructuring, and strategic development. Funded by municipal budgets, it manages capital returns across the infrastructure, public utilities, real estate, automotive, manufacturing, technology, and finance sectors. The commission oversees a portfolio of municipal state-owned enterprises with total assets exceeding 15 trillion RMB, or approximately 2.1 trillion USD. In January 2024, the agency reported that its supervised entities generated over 2.1 trillion RMB in revenue for the 2023 fiscal year while launching initiatives to accelerate digital transformation and increase R&D investment.