SOE helps private enterprises pull through

In recent years, State-owned Guiyang Venture Investment Co has been continuously supporting the development of private enterprises in Guiyang and Guian New Area through market-oriented fund management and project investment.

Guizhou Hangfei Precision Manufacturing Co in Guiyang is mainly engaged in the production and manufacturing of aerospace engine components. In 2019, Guiyang Venture Investment Co invested 16 million yuan ($2.2 million) in Hangfei, helping it overcome its financial difficulties.

Investment cooperation with Hangfei is just a microcosm of Guiyang Venture Investment Co's support for the high-quality development of the real economy.

So far, Guiyang Venture Investment Co has managed a total of 15 funds, including the Guiyang SME Development Fund, Guizhou Innovative Empowerment Big Data Fund, and Guiyang Industrial Development Fund. It has completed investments in over 110 projects, with a total investment of over 4 billion yuan. Approximately 95 percent of the investment projects are being carried out by private enterprises.

In addition to supporting the growth of local enterprises, Guiyang Venture Investment Co has convinced more than 50 companies to establish their headquarters or important production bases in Guiyang, driving the establishment of related upstream and downstream enterprises in Guizhou and leading to the formation of industrial clusters.

In addition, CissData has relocated its headquarters from Beijing to Guiyang, and built a sealing line and testing laboratory in Huaxi district, while Sichuan Chenghua Biology Technology Co has built a production base for a biological R&D center in the Guiyang Health and Medicine (Chemical Medicine) Industrial Park.