Guiyang SOE stages investment promotion event

Guiyang Industrial Development Holding – a State-owned enterprise or SOE based in the city of Guiyang, capital of Southwest China's Guizhou province – held an investment promotion event on Jan 18.

Since its establishment, the group has developed new business, capital and projects and has reportedly excelled in its operations.

In 2021, it posted 31.6 billion yuan ($4.98 billion) in revenue and 2.54 billion yuan in profit. Its capital scale exceeded 320 billion yuan and its debt-to-equity ratio came in at below 52 percent.

At the investment promotion event, the company caught the attention of financial and investment institutions to get involved in the issuance of eight bonds and the development of 30 projects. Four of the bonds got the green light, involving 14.6 billion yuan.

The 30 projects are all provincial and municipal ventures involving industrial parks, city renovation, and industrial projects, with a total investment of more than 35 billion yuan.

To date, several financial institutions have reportedly shown interest to provide customized financing services for some projects.