Guiyang SOE revitalizes idle State-owned assets

State-owned Guiyang Infrastructure Construction & Investment Group Co has revitalized the previously underutilized Donghong Fuyuan International Mall (Zone A), a State-owned asset. Its occupancy rate increased from about 20 percent in 2022 to over 90 percent today.

The mall has attracted major projects, including the Guizhou (Guiyang) Rare Stone City, the International Jewelry City, and a high-end karaoke entertainment venue.

The Guizhou (Guiyang) Rare Stone City officially opened in Zone A on Dec 15. It is the largest project in the mall, spanning approximately 9,600 square meters. The Rare Stone City showcases a variety of Guizhou's renowned stone types and is dedicated to promoting ornamental stone culture. It serves as a hub for exchange, trade, and exhibition.

Since August, the mall revitalization project has been managed and operated by a professional commercial management team from Guiyang Public Housing Investment and Construction (Group) Co, which operates under Guiyang Infrastructure Construction & Investment Group Co.

In response to the rapid growth of Guizhou's cultural tourism sector and evolving commercial dynamics in the surrounding area, the management team transformed Zone A from a furniture market to a multi-purpose commercial hub. This has attracted fast-moving consumer goods, cultural industries, and other businesses, continuously drawing in new customers.