Beijing Capital Development Holding (Group) Co., Ltd.

Shokai Group, formally Beijing Capital Development Holding (Group) Co., Ltd. (北京首都开发控股（集团）有限公司), is a large wholly state-owned enterprise supervised by the Beijing Municipal State-owned Assets Supervision and Administration Commission. It was formed in October 2005 through the merger of Beijing City Development Group Co., Ltd. and Beijing Tianhong Group, and has since become the largest real estate development enterprise under Beijing SASAC. Its listed arm, Beijing Capital Development Co., Ltd. (首开股份, 600376.SH), serves as the group's capital-market platform. The group traces its institutional lineage to 1949, when its predecessor, the CPC Central Committee's Xibaipo infrastructure engineering team, was established to serve the central government. Over subsequent decades its member companies handled construction, renovation and management of housing for central state organs and foreign embassies and consulates, and in 1980 one predecessor, Beijing Municipal Urban Construction Development General Company, became one of the first real estate development enterprises in mainland China to use the word "development" in its name. Today Shokai Group operates across seven business segments: non-operating asset management, urban renewal, real estate development, property management and services, construction engineering, overseas business, and investment and asset management. It positions itself as a "City Revival Officer" (城市复兴官) and organizes its brand architecture as a "1+7" structure led by the group master brand with seven business brands. It is the only dual-Olympics development enterprise to have participated in Beijing's "three villages and one venue" construction, and its property, non-operating asset and heating service area exceeds 110 million square meters. The group has completed the takeover of 32 million square meters of municipal state-owned enterprise non-operating assets, achieved full coverage of Beijing's eight major categories of urban renewal projects during the 14th Five-Year Plan period, and had ten projects recognized as municipal excellent cases, with "Shokai experience" incorporated into the report of the 13th Beijing Municipal Party Congress. In March 2019 the group merged with Beijing Real Estate Group (房地集团), and in 2026 it completed a third restructuring with Beijing Institute of Architectural Design Co., Ltd. Following this restructuring, the group is positioned as a municipal dual-platform enterprise for urban renewal and centralized management and disposal of non-operating assets. Its design and consulting arm, one of the three leading enterprises in the architectural design industry, designed landmark projects such as Daxing International Airport and has won nearly 2,000 domestic and international awards. The group has also undertaken restoration of ancient buildings including Tiananmen and the Forbidden City.

Shokai Group's institutional roots reach back to 1949, when the CPC Central Committee's Xibaipo infrastructure engineering team was established, beginning its mission of serving the central government. In 1953, the No. 1 Construction Company was formed from the merger of the Zhongnanhai repair team and the Central People's Government repair team, undertaking construction, renovation and management of housing for central state organs and central leaders in Beijing. In 1977, the predecessor of the City Development Group, the Beijing Municipal Construction Committee Unified Construction Office, was established. On September 30, 1980, by decision of the Beijing Municipal People's Government, the Beijing Municipal Urban Construction Development General Company was founded on the basis of that office, using the word "development" in its name for the first time and becoming one of the first batch of real estate development enterprises in mainland China. On December 30, 1980, the predecessor of Tianhong Group, the Beijing Municipal Real Estate Administration Bureau Housing Construction Office, was established. On July 28, 1998, with approval from the Beijing Municipal Construction Committee, the Beijing Municipal Real Estate Development and Operation General Company was renamed Beijing Tianhong Group. On April 8, 2005, Beijing Real Estate Group (房地集团) was established on the basis of integrating state-owned assets and deregistering six parent companies including the former Municipal Land and Housing Bureau's Housing Repair No. 1 Company. On December 10, 2005, with approval from the Beijing Municipal People's Government and a decision by Beijing SASAC, Beijing City Development Group Co., Ltd. and Beijing Tianhong Group merged and reorganized into Beijing Capital Development Holding (Group) Co., Ltd. On April 29, 2008, the group's capital operation platform "Tianhong Baoye" was renamed Beijing Capital Development Co., Ltd., a milestone in the group's marketization process. On March 9, 2019, the Beijing Municipal Party Committee and Municipal Government convened a restructuring conference for Beijing Capital Development Holding (Group) Co., Ltd. and Beijing Real Estate Group, announcing the merger and reorganization of the two enterprises. In June 2026, the group completed a third restructuring with Beijing Institute of Architectural Design Co., Ltd. Following this restructuring, the group is positioned as a municipal dual-platform enterprise for urban renewal and centralized management and disposal of non-operating assets. Throughout its history the group and its predecessors have long served the capital's construction, always prioritizing housing services for central state organs and diplomatic missions. It has completed the takeover of 32 million square meters of municipal state-owned enterprise non-operating assets, achieved full coverage of Beijing's eight major categories of urban renewal projects during the 14th Five-Year Plan period, and had ten projects recognized as municipal excellent cases, with "Shokai experience" incorporated into the report of the 13th Beijing Municipal Party Congress. As one of the three leading enterprises in the architectural design industry, its design arm designed landmark projects such as Daxing International Airport and has won nearly 2,000 domestic and international awards. As one of China's earliest real estate enterprises, it completed the development of several large residential areas in Beijing and is the only dual-Olympics development enterprise to have participated in Beijing's "three villages and one venue" construction. It has also undertaken restoration of ancient buildings including Tiananmen and the Forbidden City, and its property, non-operating asset and heating service area exceeds 110 million square meters.

• 2026

  Third restructuring completed with Beijing Institute of Architectural Design Co., Ltd.; group positioned as municipal dual-platform enterprise.

• 2019

  Merger and reorganization with Beijing Real Estate Group announced.

• 2008

  Capital operation platform Tianhong Baoye renamed Beijing Capital Development Co., Ltd.

• 2005

  Beijing City Development Group and Beijing Tianhong Group merged into Beijing Capital Development Holding (Group) Co., Ltd.; Beijing Real Estate Group established.

• 1998

  Beijing Municipal Real Estate Development and Operation General Company renamed Beijing Tianhong Group.

• 1980

  Beijing Municipal Urban Construction Development General Company founded, one of mainland China's first real estate development enterprises.

• 1977

  Beijing Municipal Construction Committee Unified Construction Office, predecessor of City Development Group, established.

• 1953

  No. 1 Construction Company formed from merger of Zhongnanhai and Central People's Government repair teams.

• 1949

  Predecessor CPC Central Committee Xibaipo infrastructure engineering team established, beginning service to the central government.

City Revival Officer (城市复兴官); Beijing's largest SASAC-affiliated real estate developer and the city's dual platform for urban renewal and non-operating asset management.

• 首开股份 (600376.SH)

  Listed real estate development platform and capital operation vehicle of the group.

• 首开非经

  Non-operating asset management and disposal business brand.

• 首开城市更新

  Urban renewal business brand covering Beijing's eight major categories of renewal projects.

• 首开服务

  Property management and services business brand.

• 首开建设

  Construction engineering business brand.

• 首开国际

  Overseas business brand, including projects such as Sydney's Shokai Grand Avenue.

• 首开资管

  Investment and asset management business brand.

• National Stadium (国家体育馆)

  Landmark project developed by the group.

• Guo'ao Village (国奥村)

  Landmark Olympic-related residential project.

• 首开LONG街

  Commercial and urban renewal project.

• 首开书院

  Cultural brand and reading space initiative.

• Unconfirmed

  Shoukai Group signs agreements to advance urban renewal projects[6]首开集团签约推动城市更新项目落地beijing.qianlong.com

  At the event, Shoukai Group signed agreements on behalf of the municipal platform with district governments and multiple policy and commercial banks to coordinate urban renewal projects and financing.

• Unconfirmed

  Shoukai Group establishes Beijing urban renewal platform[7]首开集团组建成立北京市城市更新平台stcn.com

  Shoukai Group formally established the Beijing Urban Renewal Platform with Shoukai Group as its principal, positioning it as a municipal entity to coordinate urban renewal implementation.

• 2020.05.28

  Reported2020.05.28

  Shouka Group signs strategic cooperation agreement with PICC-affiliated entities[8]首开集团与人保投控等签署战略合作协议finance.sina.com.cn

  Shouka Group signed a three-party comprehensive strategic cooperation agreement with PICC Investment Holdings and the Beijing Branch of PICC Property and Casualty Company, covering areas including real estate project development and project investment and financing.

Read more

1. 1首开集团官网首页bcdh.com.cn
2. 2首开集团 - 历史沿革bcdh.com.cn
3. 3首开集团 - 集团简介bcdh.com.cn
4. 4首开集团 - 品牌标识bcdh.com.cn
5. 5Wikidata - Shokai Groupwikidata.org
6. 6首开集团签约推动城市更新项目落地beijing.qianlong.com
7. 7首开集团组建成立北京市城市更新平台stcn.com
8. 8首开集团与人保投控等签署战略合作协议finance.sina.com.cn
9. 9北京市组建城市更新平台bj.xinhuanet.com
10. 10北京市组建城市更新平台beijing.qianlong.com