Shandong Provincial State-owned Assets Investment Holdings Co., Ltd. is a limited liability company established by the Shandong Provincial People's Government and authorized by the Shandong Provincial State-owned Assets Supervision and Administration Commission, Shandong Guohui Investment Co., Ltd., and Shandong Caixin Asset Management Co., Ltd. to jointly perform the duties of investors, with a registered capital of CNY 4.5 billion. In June 2015, it was restructured as a provincial-level state-owned capital operation company in Shandong Province, responsible for implementing the strategic intentions of the Shandong Provincial Party Committee and government, and guiding and promoting innovative economic development throughout the province.