Guiyang summarizes, deploys economic operation of SOEs

An economic operation analysis meeting is held by the Guiyang State-owned Assets Supervision and Administration Commission. [Photo/guiyang.gov.cn]

The Guiyang State-owned Assets Supervision and Administration Commission (SASAC) held an economic operation analysis meeting for the first half of the year of enterprises supervised by Guiyang and Guian New Area on July 20.

At the meeting, Guiyang Bank, Guiyang Industrial Development Holding Group and Guiyang Infrastructure Construction & Investment Group Co made exchanges and speeches respectively.

Guiyang SASAC officials have highlighted the significant role played by local State-owned enterprises during the first half of the year in bolstering Guiyang and Guian's economic and social development. These enterprises made remarkable strides in stabilizing economic growth, ensuring employment opportunities, and effectively managing commodity prices, thus making noteworthy contributions to the overall progress of the regions.

In the second half of this year, concerted efforts will be made to enhance the role of all State-owned enterprises in Guiyang and Guian in advancing the city's economic and social development. A clear focus will be on achieving the target annual revenue of 110 billion yuan ($15.27 billion) collectively. This will be accompanied by a strategic optimization of the distribution structure of State-owned capital, pooling high-quality development factor resources to foster sustainable growth. Additionally, there will be a strong emphasis on reinforcing cost control measures within enterprises and implementing a robust risk prevention system to safeguard State-owned assets and the interests of the State-owned enterprises.

SOEs are urged to face up to existing problems and shortcomings, regularly schedule the progress of goals, and ensure the smooth realization of high-quality development assessment goals and tasks throughout the year.