hangmin Group, Zhejiang, with a registered capital of RMB 325.18 million yuan, situated at the southern bank of the beautiful and prosperous Qianjiang River and in the eastern Xiaoshan District, Hangzhou, is the largest village-level holding company in Zhejiang Province. It enjoys a favorable location: 500 meters from the Guali Exit of Shanghai-Hangzhou-NIngbo Expressway, 8 km from Xiaoshan International Airport, Hangzhou. Since 1979, the village began to set up enterprises with a starting capital of 60, 000 yuan. For over 20 years, upholding the strategy "strengthening leading industries, developing new industries, quickening the innovation of the system and promoting the technological advances", the company has been developing various industries. At present, the company is in charge of 20 whole-stock, proprietary and share-holding enterprises, and owns a total asset of RMB 1.8 billion yuan and over 10, 000 employees. An industrial pattern led by printing, dyeing, textiles, thermoelectricity, dyes, construction materials, smelting and ornaments, backed up by some third industries: hotels, department stores, commercial streets and real estate development, fitted with a modern agricultural management mode: intensive management and mechanical production was set up. In 2003, the company realized the sales volume of RMB 2.2 billion yuan, profit of RMB 140 million yuan, and handing in tax of 102 million yuan, ranking top among the national village-level enterprises.