China Chengtong Development Group Limited ("Chengtong Development", together with its subsidiaries, the "Group") is a red-chip company listed on the Main Board of The Hong Kong Stock Exchange (Stock code: 217), our controlling shareholder being China Chengtong Holdings Group Limited, under the direct management of the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China （"PRC"）.
The Group is principally engaged in leasing, bulk commodity trade, property development and investment, marine recreation services and hotel business. The Group continues to devote resources to the business of leasing as our main direction of future business development. The Group aims to expand the scale of leasing business and hence we completed a number of new leasing projects in relation to environmental protection, transportation and infrastructure.
Meanwhile, the Group is building a solid foundation for the upcoming rapid development. We have hired more professional staff and improved the organisational structure and business processes, and identified development positioning and business directions. As for bulk commodity trade, the Group focuses on cross-border and international trade business through our offshore trading joint venture. We will further restructure and integrate other business segments to control risks.
Looking ahead, the Group will further strengthen our strategic directions and leverage the resource advantages and put more emphasis on conducting businesses with state-owned enterprises and on overseas leasing. Based on the premise of strict risk management and the feature of professional development, we will strengthen our market position and build up brand influence within the industry.