Shandong State-owned Assets Investment Holdings Co., LTD is founded by Shandong Province State-owned Assets Supervision and Administration Commission (SASAC) in November, 2005. It is a large state-owned assets investment holding company with registered capital of 1.6 billion Yuan. The company now possesses employee of more than 8 thousand and total assets of more than 10 billion Yuan.

There are seven wholly-owned subsidiary companies, Shandong Provincial Business Credit Guarantee Co., LTD, Shandong Qilu Petrochemical Joint Venture Development Corp., Shandong Light Industry supply and marketing General Corp., Shandong Water Engineering Corp., Shandong Water Engineering Bureau, Shandong Machinery & Equipment Import & Export Group Corp. and Shandong Property Right Exchange Center. The holding companies include Langchao Group Ltd. The corporation holds shares in 16 enterprises, such as China Sanlian Groups., Sndong Highway Engineering Construction Group Co., Ltd. China Everbright Bank，China Merchant Securities Corp.. At the end of 2006, the company held three listed companies’ shares: China Netcom (Hong Kong) Ltd, China Merchants Bank, Shandong Shengli Co., Ltd.

The corporation is a special business corporation with policy and commercial dual identity, which carries out government investor's function and management function. The company plays to three platforms: the major industrial projects investment and financing platform, the state-owned property transaction platform, and the bad assets disposal platform, which will speed up the reorganization of state-owned companies and optimizing adjustment of industrial structure.

The business scope is the SASAC authorized state-owned property (stockholder's rights) management; Trust business; Major industrial project financing, investment and management; State-owned property transaction; Bad assets disposal; Capital operation; Investing and financing service; Investment consultation; Undertaking other tasks from SASAC.