Founded in August 2005, Weifang Bincheng Investment Development Co., Ltd. (hereinafter referred to as “Bincheng Company”) is a group company in Hanting District, Weifang City, which takes the state-owned assets as the subject of operation and makes investment in urban and rural infrastructure construction by its own fund. Since its establishment, the company has been insisting on basing itself on the construction of cities and towns, giving full play to the advantages of state-owned assets as the subject of operation through revitalizing stock land and marketization operation, taking the maximization of investment benefits as principle, keeping a good operation trend, and continuing to grow stronger.
As the largest state-owned enterprise affiliated to Hanting District, with the tenet of “focus on the development of Hanting District and benefit the livelihood of the people in Hanting District”, Bincheng Company has become a main force in urban and rural construction by making full use of its fund and resource advantages. Since its establishment, the company has undertaken the construction of infrastructure concerning people’s livelihood, such as road, drainage, gas, heat supply, school, and medical projects, carried out big engineering and projects including rebuilding of shanty towns, national agricultural industrial park, cultural town, business center, and sewage treatment plant. At present, it has developed into a large group company covering five sections, including finance, construction, cultural tourism, agriculture, and new energy.