HNA Infrastructure Investment Group
A Chinese listed infrastructure investment company associated with HNA Group, with interests in airports and related development projects.
Last updated October 12, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
HNA Infrastructure Investment Group is the English-language name associated with Hainan HNA Infrastructure Investment Group Co., Ltd., a Chinese listed infrastructure investment company based in Haikou, Hainan. The company developed from a locally incorporated investment and commercial enterprise into an infrastructure-focused platform connected to HNA Group, one of China’s major aviation, tourism, logistics and investment groups during the period covered by the company’s historical disclosures. The company’s predecessor was incorporated on 12 May 1993 under the name The First Investment and Merchant. It became a listed company on the Shanghai Stock Exchange in 2002. During the following decade it changed names several times, first becoming Hainan Zhuxin Investment in 2008 and then Hainan Island Construction in 2011. These changes reflected a gradual shift away from a general investment identity toward property, construction and infrastructure-related activities in Hainan. HNA Group became the company’s indirect controlling shareholder through a series of investments and reorganizations. In 2009, an HNA subsidiary established an intermediate holding structure with major shareholders of the listed company, giving HNA an indirect interest of approximately 23.59 percent. In 2012, another HNA subsidiary subscribed for newly issued shares, taking the group’s combined indirect interest to approximately 39.49 percent. Further internal transfers in 2013 and 2015 consolidated the company’s position within HNA’s industrial and infrastructure divisions. In late 2015, the listed company adopted the HNA Infrastructure name. In July 2016, a reverse takeover involving HNA Infrastructure Group was completed, integrating the listed vehicle with a broader infrastructure operating platform. HNA Industrial Group subsequently increased its direct and indirect ownership, reaching approximately 60.84 percent after an acquisition of publicly traded shares in November 2016, according to the cited historical account. The group’s infrastructure interests included airport ownership, airport management and airport-related development. Subsidiaries and associated companies held interests in airports such as Sanya Phoenix International Airport, Yichang Sanxia Airport, Weifang Nanyuan Airport, Manzhouli Xijiao Airport, Tangshan Sannühe Airport, Yingkou Airport and Anqing Tianzhushan Airport. The wider structure also included an interest in Haikou Meilan International Airport and an investment in Hainan Airlines through an airport-related subsidiary. The company and its related infrastructure entities also raised debt for development projects. Hainan Island Construction issued a five-year bond in 2014, while HNA Infrastructure Group issued a seven-year bond in 2015 to support construction of the Nanhai Pearl Artificial Island. These transactions illustrate the group’s use of listed-company and affiliated-company financing to fund large-scale infrastructure and tourism-development projects. The available reference material documents the company primarily through its corporate history, ownership changes, airport portfolio and financing activities. It does not establish a current website, current management team, current ownership structure, current trading status or a definitive present-day operating profile. Those matters therefore require further review before being described as current facts.
History
The company originated on 12 May 1993, when its predecessor, The First Investment and Merchant, was incorporated in Hainan. It entered the public market in 2002 through a listing on the Shanghai Stock Exchange. The listed entity subsequently changed its name to Hainan Zhuxin Investment in 2008 and to Hainan Island Construction in 2011, reflecting changes in its business orientation and corporate identity. HNA Group began building an indirect controlling position in the listed company in 2009. HNA Property Holding, an HNA subsidiary, helped establish an intermediate holding company with the listed company’s largest and second-largest shareholders. This structure made HNA the indirect largest shareholder with approximately 23.59 percent of the shares. In 2012, HNA’s Hainan International Tourism Island Development and Construction Group subscribed for 127,214,170 newly issued shares at CN¥6.21 per share. The transaction increased HNA’s combined indirect interest to approximately 39.49 percent. The ownership structure was reorganized repeatedly as HNA moved infrastructure and industrial assets among affiliated companies. In December 2013, a 75 percent interest in the intermediate parent company was transferred to HNA Infrastructure Group as a capital contribution valued at approximately CN¥3.034 billion. On 31 August 2015, the listed-company shares were transferred to HNA Industrial Group in exchange for the entire equity interest in a subsidiary of that group. The same period also saw the restructuring of HNA Infrastructure Group and the movement of its interests among HNA affiliates. The listed company adopted the HNA Infrastructure identity in late 2015. In July 2016, a reverse takeover of HNA Infrastructure Group was completed, combining the listed company with the infrastructure operating platform. HNA Industrial Group later acquired an additional one million shares from the public market, bringing its direct and indirect ownership to approximately 60.84 percent according to the historical account. HNA Infrastructure Group itself was incorporated on 24 November 2011 as a first-tier HNA subsidiary. It expanded through capital increases subscribed by HNA Capital, Tianjin Trust and Bohai Trust, and absorbed HNA Airport Group and Hainan International Tourism Island Development and Construction Group into its structure. Its portfolio included airport companies and airport-management assets across several Chinese cities. The group also maintained an interest in Haikou Meilan International Airport and, through related holdings, an interest in Hainan Airlines. Financing was an important part of the development model. In 2014, Hainan Island Construction issued a five-year bond with an annual coupon or yield of 8.5 percent and a principal amount of CN¥300 million, guaranteed by HNA Airport Holdings. In 2015, HNA Infrastructure Group issued a seven-year bond with a reported annual yield of 7.5 percent and a principal amount of CN¥1.5 billion. The latter financing was intended for construction of the Nanhai Pearl Artificial Island. The available reference material ends with a description of the company’s historical ownership and subsidiary structure. It does not provide sufficiently reliable information to state the company’s current management, current parent, current listing status, current website or present operating condition. These fields remain open for verification.
- 2016
Reverse takeover completed
[1]The reverse takeover of HNA Infrastructure Group by the listed company was completed in July.
- 2015
Infrastructure ownership reorganized
[1]HNA transferred infrastructure-related interests among affiliated companies, including the listed-company stake and HNA Infrastructure Group.
- 2015
Seven-year project bond issued
[1]HNA Infrastructure Group issued a reported CN¥1.5 billion seven-year bond to support construction of Nanhai Pearl Artificial Island.
- 2015
Listed company renamed HNA Infrastructure Investment Group
[1]Hainan Island Construction adopted the HNA Infrastructure Investment Group identity late in the year.
- 2014
Five-year bond issued
[1]Hainan Island Construction issued a five-year bond with reported principal of CN¥300 million and an annual yield of 8.5 percent.
- 2012
HNA subscribed for newly issued shares
[1]An HNA subsidiary acquired newly issued shares, increasing HNA’s combined indirect interest in the listed company.
- 2011
Name changed to Hainan Island Construction
[1]The company changed its name to Hainan Island Construction.
- 2011
HNA Infrastructure Group incorporated
[1]HNA Infrastructure Group was incorporated as a first-tier subsidiary of HNA Group on 24 November.
- 2008
Name changed to Hainan Zhuxin Investment
[1]The listed company adopted the Hainan Zhuxin Investment name.
- 2002
Shanghai Stock Exchange listing
[1]The predecessor became a listed company on the Shanghai Stock Exchange.
Products and positioning
Infrastructure investment and airport-development platform within the HNA Group structure
Infrastructure investment
Airport investment portfolio
The group’s principal operating exposure was airport infrastructure. Historical subsidiaries and associates held ownership or management interests in airports including Sanya Phoenix International Airport, Yichang Sanxia Airport, Weifang Nanyuan Airport, Manzhouli Xijiao Airport, Tangshan Sannühe Airport, Yingkou Airport and Anqing Tianzhushan Airport. The portfolio combined direct airport stakes, management entities and holdings through HNA Airport Group.
Infrastructure development · 2015
Nanhai Pearl Artificial Island
Nanhai Pearl Artificial Island was a major development project associated with HNA Infrastructure Group’s financing activities. A seven-year bond issued in 2015 was described as supporting the project’s construction. The available material does not provide enough information to assess the project’s final scope, completion or current ownership.
Real estate and tourism infrastructure
Airport-related tourism and property development
Through HNA’s infrastructure and international-tourism-island subsidiaries, the group participated in development activities connected with tourism, property and transportation infrastructure in Hainan. These activities were organized through several affiliated holding companies rather than presented as a consumer-facing product line.
Controversies
Brand decisions
2016
Reverse takeover of HNA Infrastructure GroupM&ABackground
The listed company and HNA Infrastructure Group had overlapping infrastructure assets and ownership links within HNA Group.
Action taken
A reverse takeover of HNA Infrastructure Group by HNA Infrastructure Investment Group was completed in July.
Aftermath
The transaction combined the listed company with the operating infrastructure platform and strengthened the listed vehicle’s role in HNA’s infrastructure structure.
2015
Consolidation of the infrastructure platformStrategyBackground
HNA had accumulated interests in the listed company and in a separate infrastructure operating group through multiple subsidiaries and investment vehicles.
Action taken
The group transferred ownership interests among HNA affiliates, renamed the listed company and prepared the structure for the later integration of HNA Infrastructure Group.
Aftermath
The listed entity became the principal public platform associated with HNA’s infrastructure business, although the wider ownership structure remained complex.
Reported consideration for transfer of HNA Infrastructure Group. CN¥12.58 billion (31 August 2015)
Sources2 sources
Cite this profile: Cite the canonical profile. /brand-wiki/hna-infrastructure-investment-group · Editorial policy · How profiles are compiled