Guiyang State-owned enterprises urged to expand investment

Hu Zhongxiong, secretary of the CPC Guiyang Municipal Committee, recently chaired a special meeting on the expansion of effective investment in State-owned enterprises in Guiyang City and the nearby Guian New Area – both located in Southwest China's Guizhou province.

He pointed out the irreplaceable role that State-owned enterprises play in economic development and employment.

Hu listened to reports on the current progress of State-owned enterprises.

Afterwards, he stressed the importance of advancing State-owned assets and State-owned enterprise reforms to continually enhance the competitiveness, innovation and risk resistance of the State-owned economy.

This, he said, would contribute significantly to the high-quality development of the economy in Guiyang and Guian.

Hu underscored Guiyang's requirement to formulate a portfolio of high-yield projects to secure greater financial support.

He urged the authorities to actively seek financial institution backing for financing, business expansion and product development – as well as breaking through financial bottlenecks, expanding funding channels and increasing the scale of financing.

The necessity of improving the utilization of State-owned assets, proactively mitigating significant risks and promoting the preservation and appreciation of State-owned assets was also highlighted.