Hubei MingXiang Group

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      Hubei Ming Xiang Group Co. Ltd. (former Shiyan Ming Xiang Trade Co., Ltd.), was established in March 2000. Ming Xiang Group is a diversified industrial group, which commits to vehicle manufacturing & sales, finance service, energy project, real estate development and imp & exp trade,. Now Ming Xiang Group owns 15 holding companies, which across 3 provinces and 9 cities in China, and the total registered capital is over 500 million Yuan (RMB). In 2013, the annual turnover is over 3 billion Yuan, and increased by almost 20% compared with that in 2012.

 

    The DPT of Ming Xiang Commercial Vehicle has more than 300 staffs, and the annual sales reach 5000 units, total 1.5 billion Yuan. Meanwhile, Group owns all levels of distribution network and more than 50 secondary distribution partners ramified all over the China. In 2011, Ming Xiang Group signed investment agreement with Dongfeng Moter Corporation, and formally share 50% of Dongfeng Yunnan Automobile Co., Ltd. Dongfeng MingXiang response positively of the Dongfeng Moter Corporation’s overseas strategic planning: strengthen the expansion of overseas market, expand the development of imp. & exp. business, and strive for annual production & sales reach 30~50 thousands vehicles to fulfill annual 10 billion business target.

 

    In order to provide better support to domestic customers, Ming Xiang Group has set up automobile financing platform with the idea of “integration of financial service provider”. Group sets up Wuhan Yiming loan Companies located in East Lake high tech Zone, with registered capital of 200 million Yuan. Furthermore, Group shares 53.6 million Yuan of Hubei Bank, and 13 million Yuan of Shiyan Credit Union.

 

    In 2012, Hubei Ming Xiang Group cooperated with China Gas Group to construct high pressure natural gas pipeline over 500 kilometers in LaohekouDanjiangkou and Wudang Mountain in Hubei Province. The pipeline project radiates more than 90% local region, and brings great convenience to the local people and companies.

 

     What is more, entrusted by Wuhan Affordable housing management center, so Hubei Ming Xiang Group contact to build major livelihood project in Hanyang, which covers 300 thousand square meters, provides 3900 houses and help to solve housing problem for 15 thousand local people. In 2010, Group invested Fenghuang Xiangjun project, which is the best housing project in Shiyan, and covers 300 thousand square meters.