China Poly Group
| Company type | State-owned enterprise |
|---|---|
| Industry | Conglomerate (defense manufacturing, art auction, real estate, culture) |
| Predecessor | Poly Technologies, Inc. |
| Founded | February 1992 |
| Headquarters | Beijing , China |
Area served | Worldwide |
| Products | Defense manufacturing, art auctions, real estate, cultural products, theatre |
| Owner | Chinese government (State-owned Assets Supervision and Administration Commission of the State Council) |
| Parent | State-owned Assets Supervision and Administration Commission of the State Council (SASAC) |
China Poly Group Corporation () is a Chinese state-owned conglomerate and one of the 102 central state-owned enterprises overseen by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
This group serves as a key representative of China's defense manufacturing sector in international markets and operates the world's third-largest art auction house, ranking after Sotheby's and Christie's.
History
China Poly Group Corp. was founded in February 1992 with approval from the State Council, originating from Poly Technologies, Inc., which began in 1984 as the arms production branch affiliated with the People's Liberation Army.
Poly Corporation Headquarters
Located in Beijing, the Poly Corporation Headquarters, designed by Skidmore, Owings & Merrill (SOM), functions as the central base for the company’s various subsidiaries. The building is notable for its 90-meter-high atrium enclosed by what is recognized as the largest cable-net-supported glass wall globally, providing a distinctive architectural feature. It integrates environmentally friendly design components such as a double-layer low-e glass facade and a roof garden aimed at enhancing energy efficiency. Additionally, it contains the Poly Museum, which exhibits Chinese cultural relics suspended within the atrium through advanced engineering techniques.
Procurement actions during the COVID-19 pandemic
Throughout the COVID-19 pandemic, subsidiaries of the group were instrumental in acquiring epidemic prevention supplies. According to China Customs data, between January 24 and February 29, a total of 2.46 billion items were imported, including 2.02 billion masks and 25.38 million protective clothing pieces, with a combined value of 8.2 billion yuan ($1 billion). Internal reports indicated that China Poly Group, along with other enterprises such as Country Garden and Greenland Holdings, actively sourced critical medical equipment worldwide. The company emphasized that these procurement activities were initiated by employees driven by empathy for those impacted in Wuhan.
Subsidiaries
- Poly Property
- Poly Real Estate
- Poly Technologies
- Poly Culture
- Poly Theatre
- Poly Auction