Guiyang promotes 158 State-owned assets

Guiyang held an asset and resource promotion conference on Oct 24, which attracted representatives from over 70 companies and financial institutions.

During the event, 158 State-owned assets, valued at 47.9 billion yuan ($6.7 billion), were introduced. These included 76 physical assets worth 24 billion yuan, 22 equity assets valued at 2.2 billion yuan, seven operational rights assets valued at 700 million yuan, and 53 resource assets worth 21 billion yuan.

State-owned enterprises such as Guiyang Industrial Investment Holding Group, Guiyang Infrastructure Construction & Investment Group Co, and Guizhou Shuanglong Airport Industrial Development Group presented 16 key assets, including Guiyang Big Data Sci-Tech Innovation City, Zhucheng Square, and the Huaxi Machinery Plant.

"Guiyang, as the provincial capital, is attracting an increasing number of companies and investors thanks to its unique geographic location, abundant natural resources, and favorable development environment," said Qi Weidong, president of Dongdu Group. "With policies in place to invigorate the market and promote a stable real estate sector, we are excited and optimistic about Guiyang's future development," he added.