Overseas Chinese Town Enterprises

Overseas Chinese Town Enterprises

OCT Tower in Overseas Chinese Town, Nanshan District of Shenzhen
Trade name	OCT Group
Company type	State-owned enterprise
Industry	Tourism and Culture
Founded	1985
Headquarters	Shenzhen , China
Area served	China
Revenue	110,348,810,000 renminbi (2018)
Owner	State Council of China (100%)
Parent	SASAC of the State Council
Subsidiaries	Overseas Chinese Town (53.47%) Konka Group (29.99%) OCT Bay (100%)
Website	www.chinaoct.com
Footnotes / references in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1]

Overseas Chinese Town Enterprises Co. is a Chinese state-owned enterprise, supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Overseas Chinese Town Enterprises is the parent company of publicly traded companies Overseas Chinese Town Limited (SZSE: 000069), Overseas Chinese Town (Asia) (SEHK: 3366, a subsidiary of Overseas Chinese Town Company) and Konka Group (SZSE: 000016). It is engaged in cross-sector and cross-industry operation.

The company was founded on 1985 and is headquartered in Shenzhen, China. Since 1985, the company has fostered three leading major businesses in China, which are tourism and related cultural industry, real estate, hotel development, and manufacture of electronic products. As the listed subsidiary, OCT A provides a platform for capital operation of OCT group.^{[citation needed]}

The company is well known for its nationally famous brands, including six Happy Valley amusement parks,^[2] Konka Group, Splendid China Folk Village, Window of the World, OCT East, OCT Grand Hotel, Venice Hotel, OCT Harbour and so on.^[3]