Xiamen C&D Corporation Limited

C&D's preceding company was Xiamen Construction and Development Corp, which was established at the same time when Xiamen Special Economic Zone was set up in 1980. Through 20 years earnest effort, C&D is thriving to grow up. It has developed into a major state-owned conglomerate investment corporation, involved in import and export trade, high-tech industries including electronic information and bio-pharmaceutical production, real estate development, travel and hotel services, international conference and exhibition, financial services such as trust and securities.

1980-1984

C&D was a local state-owned company established as an important window to introduce foreign capital, technology and equipment. Designated as a representative of Xiamen Special Economic Zone and Xiamen municipal government, C&D was responsible for associating with and receiving foreign customers, negotiating setting up new joint ventures by share-entering, attracting foreign capital, reforming originally state-owned enterprises. During these four years, C&D participated in negotiating and signing contracts for 471 joint ventures and cooperation projects, 22 of which belonged to C&D.

1985-1988

With the development of Xiamen Special Economic Zone, C&D has transformed from an initially local administrative company combined with enterprise and governmental functions into a conglomerate enterprise major in investment and trade. During these four years, it introduced 245 investment projects and 45 items of advanced equipment and technology, involving a total amount of RMB5.171 billion. After careful selection, C&D invested in a number of Sino-Foreign joint ventures, cooperative enterprises and domestically associated enterprises. It brought into effect the economic strategy of the mutual-improvement between trade and investment and thus the trade quantum of trade doubled year after year.

1988-1995

According to market economy, C&D began to launch a series of important reforms in its interior running and management system. C&D finally became one of the best state-owned companies in Xiamen, which adopted the market principle.
At the same time C&D made great efforts to clear up more than 30 share-entering companies that had poor management and low economics returns by means of liquidation, termination and transference. It successfully controlled the negative influence of its early wide expansion, vivified some funds, and overcame the crisis. From the year of 1993, C&D started to run its business in a virtuous circle.

1996-2000

C&D rapidly developed in such major industries as import and export, industrial investment, real estate development, travel and hotel services, trust and securities businesses. With the increase in its running scale and profit, C&D began to engage itself in the capital operation field. In 1998, Xiamen C&D Inc., a listed company, was set up. This not only made it possible for C&D to finance in the capital market directly, but also enhanced its competitiveness. In this period, C&D purchased Xiamen United Development (Group) Co., Ltd., Xiamen Overseas Chinese Electronic Co., Ltd., and 20% shares of Xiamen Airlines Co. Ltd.. And then, it took over Xiamen Mandarin Development Co., Xiamen Mandarin Hotel, and also Xiamen International Conference and Exhibition Co., which was invested by the municipal government with an asset more than RMB 1 billion. Capital operation rapidly enlarged C&D's scale and industries. It realized the simultaneous increase of both assets scale and economical profits, and the great achievements made both by production management and capital operation.

The Formative Phases of the Core Industries (2001-2003)

In this phase, the company has accomplised the strategic goals which were framed for the Second Three-Year Layout (the year 2001-2003). Through the adjusting three years, the company has achieved business scale and revenues rapidly in the core industries including foreign trade, real estate development, tourism & hotels etc. Meanwhile, the company has taken over the international exhibition center, finished the merger between Jianfa International Trust & Investment Co. and Xiamen International Trust & Investment Co., share- entering the Faratronic Electrics Co., Ltd., and has successfully issued the additional 90,000,000 shares of company. Through adjusting in administration frameworks and methods, innovating the distribution systems, setting up the “Solidarity & Harmony, Diligency & Faith, Steadiness &Actuality, Innovation and Enterprising” enterprise culture, C&D has enlarged the economic strength, improved brand well-know and the quality of the stuffs essentially.

The future development (2004-)

In the direction fixed in the new three-year plan, the company will emphasize on developing the core industries, implementing the strategy of talents, expanding the investment benefits and reforming the inadaptable business parts. C&D will made great progresses on the economic strength, the cadre quality, management system, and famous brand, etc..