About Overseas Chinese Town Holdings Company (OCT Group)
Overseas Chinese Town Holdings Company (OCT Group), a large central enterprise directly managed by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, was established in 1985 in Shenzhen, the frontier of reform and opening up. It is the one of the first batch of national cultural industry demonstration bases, one of the top 30 national cultural enterprises and the top 20 China Tourism Group, and has been awarded A-level evaluation in the annual performance appraisal of SASAC of the State Council for 11 consecutive years. During the "13th Five-Year Plan" period, OCT Group fully achieved the overall development goal of the "13th Five-Year Plan". The total assets of OCT Group increased from 137 billion yuan at the end of the "12th Five-Year Plan" to 698 billion yuan in 2020, with a compound annual growth rate of 39%. In 2020, the Group's operating revenue and total profit achieved steady growth, exceeding the task targets set by the SASAC of the State Council.