Shanghai Lingang Economic Development (Group) Co., Ltd., established in September 2003 with a registered capital of 6.872 billion yuan, is a large state-owned and diversified investing company. Among the companies under State-owned Assets Supervision and Administration Commission of the State Council (SASAC) of Shanghai, the Lingang Group is the only one engaged in investment, development, operation and service related to industrial parks and areas.the Lingang Group has been carrying out over ten urban renovation projects as well as industrial parks development in and out of Shanghai, including Shanghai Lingang Industrial Area and Caohejing Hi-Tech Park. As an industry propeller and city changemaker, the Lingang Group always bears the duty to accelerate industry upgrading and to promote the renovation and transformation of urban properties.
In 2014, the total revenue of the companies in the industrial parks developed by the Lingang Group reached 537.1 billion yuan, the industrial output value hit 150.5 billion yuan, with a total investment of up to 54.9 billion yuan, and the total assets of the Group were 58.7 billion yuan. The Lingang Group has been selected the Top100 in Shanghai for many consecutive years and ranks 72th in 2015. The Group also ranks 40th among Top50 service enterprises.
In the opinion on accelerating construction of science and technology innovation center with global influence passed by the Eighth Plenary Session of the Tenth Municipal Party Committee of Shanghai, Lingang Industrial Area and Caohejing Hi-tech Park developed by the Lingang Group have been designated as the key places (among six areas in the city ) for the city to build up science and technology innovation center. Based on this, the Lingang Group is also promoting the development of various areas such as China Shanghai Pilot Free Trade Zone （Yangshan Bonded Port landward area）,Shanghai Lingang Tech & Innovation City, Shanghai Lingang Songjiang Hi-Tech City, Shanghai Lingang Taopu Tech Town, Caohejing Kangqiao Hi-tech Park, Nanqiao Hi-tech Park, Pujiang Hi-tech Park and Fengjing Tech & Innovation Town; initiating over ten group innovation spaces projects -- Innovation Galaxy Lingang Xinyefang to offer service to start-ups and a boost to innovation.
While optimizing spatial layout of the parks, the Lingang Group is also improving and upgrading its service function, gaining special advantages in the fields of human resources service, innovation and start-ups service, production and living service, financing and investment service. The Lingang Group is the controlling shareholder of the financial companies such as Shanghai Lingang Parks Development Investment Fund（LP）, Shanghai Lingang Holdings Co., Ltd (600848.SH), Shanghai Caohejing Songjiang Petty Loan Company.