Guiyang SASAC visits State-owned company

A meeting is held about Guiyang Industrial Development Holding Co. [Photo/guiyang.gov.cn]

The Guiyang State-owned Assets Supervision and Administration Commission, or the Guiyang SASAC – located in Guiyang, capital city of Southwest China's Guizhou province – recently accompanied officials from Yulin city in Northwest China's Gansu province, to visit the offices of Guiyang Industrial Development Holding Co (GIH).

A meeting was convened there to look into the company's development, the overall reforms of Guiyang State-owned enterprises, as well as solutions that are being rolled out to reduce various economic risks.

Zhang Yulin, deputy general manager of GIH, said that the company had integrated its resources in the fields of water affairs, tourism and urban infrastructure and in the process had won AAA financial credit ratings.

In addition, the group had greatly advanced its strategic development, management, as well as its capital and brand building.

Aside from its core strengths, Guiyang's municipal government departments have reportedly made great efforts to boost GIH's reforms with support policies.

As a result, GIH has made rapid growth in terms of its size, revenue and profit over the past year.