Zhejiang Wuchan Zhongda Group
Zhejiang Wuchan Zhongda Group is a provincial state-holding conglomerate, one of China's largest integrators for circulation services of staple commodities.
Wuchan Zhongda, headquartered in Hangzhou, was established in 1996, through the reconstruction of the former Zhejiang Administration of Materials and Equipment. In 2015, Wuchan Zhongda became publicly listed with the help of its subordinate Zhejiang Zedastone Group: the first listed company through direct recommendation by the Ministry of Commerce (Ministry of Foreign Trade and Economic Cooperation before 2003) in China.
The group has been ranked among the Global Fortune 500 consecutively since 2011, and has maintained the No. 1 spot on Zhejiang's Top 100 enterprises list since 2008.
It is the first local circulation enterprise to win a double 3A corporate credit ratings by Chengxin International Credit Rating (CCXI) and Dadong Global Credit Rating, two major credit rating companies in China.
Wuchan Zhongda Group owns more than 300 companies at various levels, including a full-time vocational and technical college, and a corporate university, with around 20,000 staff in total. Its core business includes domestic and foreign trade, high-end manufacturing, real estate, finance, and capital investment. The size of its business in steel, iron ore, coal and chemical engineering ranks in the top five nationwide, and its auto sale services also rank in China's top 10, and cover more than 70 countries and regions worldwide.
Wuchan Zhongda Group is to upgrade its structure and establish an interactive business based on circulation and integration services, with finance and high-end manufacturing.
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