zhejiang rongsheng holding group supplier

This company operates as a holding firm for a group of subsidiaries engaged in polyester, spinning, false-twisting, coal chemicals, real estate, venture investment business activities. It was incorporated in 2006 and has its registered office in Hangzhou, China. As a holding company, it handles the administrative affairs and services and grants management services to its subsidiaries, as well as provides financial support and control function for the board. Furthermore, the firm is responsible for managing the group and its overall legal structure, tax planning, financial and equity structures. It is also in -charge in various matters relating to policy, strategic planning, marketing, selecting and manning senior management positions, approving investments and budgets, and the overall ongoing monitoring of the group"s performance.

Zhejiang Rongsheng Holding Group is an investment holding enterprise established on the basis of Rongsheng Chemical Fiber group in 2006. The group owns over 10 holding subsidiary companies and adopts normative systems of parent company and its subsidiaries.

Zhejiang Rongsheng Holding Group carries out the functions of strategy orienting, resources integration and management supervising. It also provides support for all the subsidiary companies in the fields of finance, information, management, brand and culture. The investment covers the fields of petrochemical industry, chemical fiber, real estate, logistics and trade, which forms a multi-operation pattern.

Hangzhou, capital of East China"s Zhejiang province, retained its domestic leadership position among companies making the list of the Top 500 Chinese Private Enterprises by occupying 41 places this year, local media outlets reported.

Tech giant Alibaba, chemical fiber manufacturer Rongsheng Holding Group, and auto giant Zhejiang Geely Holding Group were the highest ranking Hangzhou enterprises, with annual revenues in 2021 reaching 836.41 billion yuan ($119.94 billion), 448.32 billion yuan, and 360.32 billion yuan, respectively.

Geely, Guangsha Holding Group and Alibaba were the three largest employers in the city, offering jobs to 128,928, 111,568, and 70,000 people, respectively.