Beijing New Yansha Holding (Group) Co., Ltd is a fully state owned company set up by Beijing Municipal Government. The Group has 13 subsidiaries including You Yi Shopping City Co., Ltd Beijing Lufthansa Center, Kempinski Hotel Beijing Lufthansa Center, Beijing Mansion Guiyou Co., Ltd, and Beijing Seal Art Company.

   The New Yansha Group is a large-scale inter-regional enterprise spanning multiple systems of ownership with a diversified business scope. With the authorization for the operation of the state owned assets, the Group is mainly engaged in property rights management and capital investment operation. It conducts business in the following ways: Acquisition, stockholding, Sino-foreign joint ventures and investment, leasing, as well as export and transfer of management technologies.

   The New Yansha Group is targeting at the “new and developing tourism commercial service industry”. The vision of the group is to develop landmark tourism commercial enterprises in the city of Beijing, serving the foreign and domestic travelers. By adopting information network technology and other new types of business, it is making great efforts in linking closely together the commercial, service and tourism industries by means of efficient resources allocation. The group is aiming to establish itself as a large-scale enterprise group providing comprehensive services within catering, hotel, automobile, tourism and shopping.