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China Poly Group – headquarters base

( chinadaily.com.cn )

Updated: 2012-04-25

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China Poly Group is one of the top 155 large central companies administered by the State-owned Assets Supervision and Administration Commission of the State Council. It is mainly engaged in international trade of military and civil commodities, real estate development and, cultural industry cultivation and development. By the end of 2007, the group had 68.26 billion yuan in gross assets.

Poly Jiangshan Resources Co, Ltd, with 200 million yuan in registered capital, is a subsidiary fully invested by the China Poly Group. It is devoted to making comprehensive developments and industrial extensions in global mining, energy and non-ferrous metals under theChina Poly Group.

Poly Jiangshan Resources Co, Ltd adopts strategic measures to set up the national headquarters in the Urumqi national high-tech developmental zone. It will take Xinjiang as a competitive base to expand eastwards and export products to countries west of the region.

On the basis of 30 exploration rights, the group will rapidly advance resource development zones to other parts of the country. It will distinguish itself in the mining sector in Africa, Latin America, Southeast Asia, Central Asia, and South Asia. By means of replacement, capital increases, mergers, and controlling the exploitation and mining rights to tap into the world market, the group will cultivate itself into a global company in the next three to five years.