Zhejiang Expressway Co., Ltd. (0576)

Overview

Zhejiang Expressway Co., Ltd., headquartered in Hangzhou, People's Republic of China, is a pioneering investment holding company with a focus on the operation, maintenance, and management of high-grade roads across China. Since its incorporation in 1997, the company has grown to become an integral part of the nation's road infrastructure development, under the solid ownership umbrella of Zhejiang Communications Investment Group Co., Ltd. Zhejiang Expressway Co., Ltd. prides itself on its comprehensive service offerings that extend beyond road maintenance to securities operations and an array of other auxiliary activities, enhancing the transportation landscape and financial services sector in China.

Products and Services

• Toll Operation: This segment is at the core of Zhejiang Expressway's business. It involves the operation and management of high-grade expressways and the collection of tolls from these roadways. These operations ensure the smooth flow of traffic and generate significant revenue that supports road maintenance and improvement projects.
• Securities Operation: Zhejiang Expressway expands its expertise into the financial sector through its Securities Operation segment. Services in this sector include securities and futures broking, margin financing, securities lending, underwriting, and sponsorship. The segment also delves into asset management, offering advisory services alongside proprietary trading to cater to a wide range of investment needs.
• Hotel Operation: Diversifying its portfolio, Zhejiang Expressway also invests in the hospitality industry, operating hotels that offer premium accommodations and services to both travelers and business clientele. This segment adds a hospitality dimension to the company's road and financial services.
• Vehicle Support Services: In recognition of the needs of road users, Zhejiang Expressway provides comprehensive vehicle support services. These include vehicle towing, repair, emergency services, and roadside assistance, ensuring safety and convenience for travelers on their expressways.
• Investment Management and Advisory Services: Beyond its core operations, the company offers investment management and advisory services. This includes making strategic investments in other financial institutions and providing expert advice, further broadening its influence and capabilities within the financial services industry.