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Zhejiang International Business Group Co.,Ltd (hereinafter called ZIB)was established in 2008, a solely state-owned company invested by Zhejiang People’s Government .Under the supervision and administration of Zhejiang State-owned Asset Supervision and Administration Commission ZIB acts in the capacity of state-owned fund provider responsible for value maintenance and increase of the state-owned asset.
The registered capital of ZIB is RMB980 million, coming from the available capital respectively held by the previous Rongda, Zhongda and Oriental Group. The authorized business scope covers the operation and management of the state-owned asset, relating to foreign trade, economic cooperation, real estate, industrial investment, trade service, finance and securities with foreign trade being the main business. ZIB has set up an extensive and stable trade and cooperative relationship with the famous customers in 213 countries and regions worldwide and the export products handled amount to as many as 210 large categories, largely in textiles, garments, agro and native produce, pharmaceutical and chemical products, light industrial products, mechanical and electrical products and complete sets of equipment, etc.
ZIB owns 20 secondary holding subsidiaries (including virtual um-controlling shareholding subsidiaries) and 163 companies at various levels covered by the state-owned asset. Zhejiang Oriental Group Co.,Ltd, one of the holding subsidiaries of ZIB, is listed on the Shanhai Stock Exchange (stock code No: 600120). The subsidiaries that are relatively influential in the province are Zhejiang Native Produce and Animal By-Product I/E Co; Zhejiang Medicine and Health Products I/E Co.,Ltd; Zhejiang Cereals, Oils and Foodstuffs I/E Co.,Ltd; Zhejiang Textiles I/E Group Co.,Ltd; Zhejiang Chemical I/E Co.,Ltd; Zhejiang Minerals and Metals I/E Co.,Ltd; Zhejiang Zhongda Technology Group Co.,Ltd. And so on, which are also in the front line among the ranking for national local foreign trade institutions. By the end of 2010, the group had 14000 staff members in service.
In 2011, ZIB witnessed a firm development amid overcoming numerous difficulties and achieved a net sales volume worth of RMB 42,282 million. By the ranking standard foe top 500 enterprises announced by the Chinese Entrepreneur Association in 2011 ZIB ranked 230, top 500 service enterprise, ranked 74; local state-owned foreign trade enterprise, ranked the first or second. The main business was growing steadily and firmly. According to the combined figures of the parent-subsidiary companies the group booked an import and export volume worth in total of USD 4814 million, an increase of 11% compared with that of last year and among which export accounted for USD 3872 million, an increase of 9.26% compared with that of last year.
Among which import accounted for USD 942 million, an increase of 18.79% compared with that of last year.
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