Guiyang reorganizes State-owned enterprises

A press conference is held in Guiyang to announce the reorganization of State-owned enterprises on Jan 10. [Photo/Guiyang news network]

In order to further optimize the layout of Guiyang's State-owned economy and improve the efficiency of State-owned capital operation, Guiyang announced the reorganization of State-owned enterprises for optimization purposes at a press conference on Jan 10.

After the reorganization, the number of enterprises supervised by the Guiyang State-owned assets supervision and administration commission was adjusted to 11. The original 14 enterprises were integrated into seven, then one enterprise was newly set up, and three publicity and cultural enterprises were added.

As it stands, the Guiyang State-owned enterprises are: Guiyang Industrial Development Holding, Guiyang Urban Construction and Investment Group, Guiyang Public Transport (Group) Co, Guiyang Agricultural Investment Group, Guiyang Urban Development and Investment Group, Guiyang Water Group, Guizhou Jiangjiu Group, Guiyang Mineral Energy Investment Group Co (newly established), Guiyang Daily Media Group, Guiyang Radio Film & TV Media Group, and Guizhou Peking Opera Theater Co.

At present, the equity transfer of 28 enterprises has been completed, and will be integrated into four groups, including Guiyang Industrial Development Holding, Guiyang Urban Construction and Investment Group, Guiyang Agricultural Investment Group, and Guiyang Public Transport (Group) Co.