Guizhou-based enterprise qualifies for physical assets transfer

Guizhou Sun Property Rights Exchange Co has received the institution qualification of a physical assets transfer business, according to a local report on Jan 25. The company is one of the subsidiary enterprises supervised by the State-owned Assets Supervision and Administration Commission (SASAC) of Guiyang.

As part of the qualification application, the company has gone through the meticulous examination and appraisal process of the SASAC of the State Council and central enterprises.

As the only professional institution engaged in State-owned assets trading activities, the company has played a significant role in boosting the reform of State-owned assets and enterprises, which has increased its value and injected new life into the regional economy.

It has developed into a professional marketing platform, mainly dealing with physical assets transactions for central enterprises, Guizhou State-owned assets transactions, bidding and procurement, public rights and interests transactions (public-private partnership consultation and transactions included) and disposal of bad debt.

Looking back at 2020, Guizhou Sun Property Rights Exchange Co achieved a new record increase in revenue, which rose by 5.75 percent year-on-year, and a record increase for net profit, which spiked by 10.38 percent year-on-year.

The company's total number of transactions reached more than 7,200, with a total value of 120 billion yuan ($18.54 billion). One of its projects in Guian New Area, in Southwest China's Guizhou province, achieved 589.98 percent of the value-added rate, which ranked fourth among China's property transaction projects and ranked first in terms of its value-added rate.

Also, the company clarified its transaction system and procedures and sought to expand its business in non-State-owned projects.

SASAC of Guiyang is also seeking to build a high-standard and high-quality property rights trading institution to optimize the allocation of resources.