Guiyang vitalizes idle State-owned assets

In recent years, State-owned Guiyang Industrial Development Holdings Group, located in Guiyang, capital city of Southwest China's Guizhou province, has been continuously vitalizing idle State-owned assets, promoting the optimization of State-owned capital.

To achieve this, the group has enhanced its capacity to use modern information technologies, such as big data, and established a digital asset platform to improve the efficiency and accuracy of State-owned asset management.

Since its launch last year, the platform has recorded thousands of entries. Through this system, various State-owned asset information retention and operational leasing can be completed. Data such as rental rates, collection rates, and actual rental income are updated in real-time, while alerts for lease contract expiration and overdue rent are provided promptly.

This addresses the issue of data distortion, which was caused by manual asset input.

"We analyze asset data and propose rational disposal suggestions for the effective utilization of idle assets. This maximizes their potential benefits," said a relevant person in charge of the group.

In order to optimize the layout of State-owned assets, the group and its affiliated companies have also promoted reforms in Guiyang Culture and Tourism Investment (Group) Co and Guiyang Comprehensive Free Trade Zone Development Investment (Group) Co. This has led to the establishment of the Guizhou Sunshine Property Rights Exchange and Guiyang Big Data Co. Furthermore, they have integrated business sectors such as real estate, hotels, health care, and investment.

Guiyang Industrial and Commercial Healthcare Investment and Development Co, affiliated to the group, has vitalized idle resources such as State-owned factories, office buildings, and hospitals. It is currently exploring a new work model that transforms idle assets into elderly care facilities.

As of December 2023, Guiyang Industrial and Commercial Healthcare Investment and Development Co has successively established six professional elderly care institutions, 19 elderly care service stations, as well as a home care center and a comprehensive hospital. After all subsidiary projects are completed and put into operation, the company is expected to generate an annual operating income of over 100 million yuan ($13.89 million).