Hony Capital's private equity business started in 2003 with the core concept of “Value Creation and Price Realization”. It focuses on the field of pharmaceutical and healthcare, consumer products, catering, media and entertainment, environmental protection and new energy, as well as machinery and equipment manufacturing. At present, it manages eight PE funds with a total assets under management of over 65 billion RMB. Besides, it invests more than 100 Chinese and foreign companies. In order to create new multinational corporations centered on China, it also helps those companies grow bigger and stronger through systematic value-added services. Hony Capital’s investments include China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, China International Marine Containers (CIMC), Suning, Chengtou Holding, Jin Jiang International Hotels, ENN, PizzaExpress (UK), STX(US) , WeWork (US) , I-Mab Biopharma and COFCO Capital. The total asset of these corporates is about 2.9 trillion yuan, and the overall sales are about 860 billion yuan. Over 450,000 jobs have been created by them.