SINOMACH CAPITAL MANAGEMENT CORPORATION (abbreviated as SINOMACH CAPITAL) is a Wholly-owned subsidiary of China National Machinery Industry Corporation (abbreviated as SINOMACH).
SINOMACH is a large scale, state-owned enterprise group who has the most diversified business coverage, a complete business chain, and the strongest R&D capabilities in China’s machinery industry. Main businesses of SINOMACH focus on R&D and manufacture of machinery and equipment, project contracting, trade and services. Its service covers a wide range of key national economic sectors including industry, agriculture, communication and transportation, energy, building, light industries, automobile, ship-building, mining, metallurgy and aerospace industries. SINOMACH has provided professional services for over 140 countries and regions around the world.
SINOMACH has sustained high-speed annual growth, with main business revenue exceeding RMB 152.22 billion at year 2010. At same time, SINOMACH has the fist time into ‘Fortune 500 Companies’ of 2010. There are almost 100,000 employees working for SINOMACH around the world. As a world famous international project contractor, SINOMACH was listed among top 50 of ‘World 225 Largest International Contractors’ and among top 100 of ‘World 200 Largest International Design Firms’ by ENR (Engineering News-Record, a weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide, owned by The McGraw-Hill Companies). It has a vast influence on the China’s industry and occupies an important market position in many countries and regions.
In accordance with the strategy and overall planning of SINOMACH, SINOMACH CAPITAL is established based on Beijing Wallong Import and Export Corporation, incorporating China Machine-building International Corporation (CMIC), JiXiang Real Estate Developing Corporation, CMCC Machine Components Co., Ltd. (CMCC). SINOMACH CAPITAL is a comprehensive capital management corporation, with capital management and asset operation as its core business, equipped with international trade and strategic investment. In view of the restructuring of national economy and reform target of the group, holding the principles of market-orientation and commercial operation, SINOMACH CAPITAL manages its assets to achieve better asset utilization and higher efficiency, to serve the group’s reform and restructuring, to hatch and foster new business, and to help the group to achieve its goal of speedily becoming a big conglomerate group with international influence.
Under SINOMACH CAPITAL there are 7 wholly-owned subsidiaries, including China Machine-building International Corporation (CMIC), JiXiang Real Estate Developing Corporation (JIXIANG), CMCC Machine Components Co., Ltd. (CMCC), Jiangsu Wallong-Hsin I/E Corporation, Shanghai Wallong I/E Corporation, Xiamen Wallong I/E Corporation and Hongkong Wallong Co. Ltd.. SINOMACH CAPITAL also holds stock shares of some listed companies such as Ever Bright Bank (601818), WanXiangQianChao (000559), LongXi Bearing (600592), etc.
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