Established in December 2001, Zhejiang Communications Investment Group (CICO) is a provincial (Zhejiang) state-owned enterprise. Its business covers investment, operation, financing and management of expressways, railways, key trans-regional rail or transport exchange and other transport infrastructure. By the end of 2020, CICO generated an annual revenue of US$29.9 billion, with a total asset of US$91.5 billion and net asset of US$29 billion. It also owns 305 entities with four listed entities, including Zhejiang Expressway Co. Group (0576.HK), Zhejiang Communications Technology Ltd (0002061.SZ), Zheshang Development Group (000906.SZ) and Zheshang Securities (601878.SH). CICO ranked the 433th at the Fortune Global 500 in 2021.
Universal Cosmos Ltd is a window company of CICO, coordinating overseas resources of the Group, and is responsible for expanding overseas investment such as road, bridge, railway and many more.
