Deepen reform and jointly enrich Zhejiang, and launch 48 mixed reform projects of state-owned enterprises

It is an important subject for Zhejiang to deepen the reform of state-owned assets and state-owned enterprises to join hands with various ownership economies, actively develop mixed ownership economy and rush to common prosperity. On the 27th, the promotion meeting of mixed ownership reform projects of state-owned enterprises in Zhejiang Province was held in Hangzhou. A total of 48 mixed ownership reform projects were launched. After the implementation of these projects, it is expected to introduce more than 15 billion yuan of social capital.

Zhejiang is a pioneer of reform and opening up and an active place for all kinds of capital. It has inherent advantages and deep soil for developing mixed ownership economy.

As one of the provinces with the earliest start of mixed ownership reform in China, Zhejiang state-owned assets and state-owned enterprises have always adhered to the “two unwavering” in recent years, faithfully implemented the “August 8th strategy”, and continued to actively and steadily promote the mixed ownership reform“ During the 13th Five Year Plan period, more than 1000 state-owned enterprises in Zhejiang province implemented mixed ownership reform. So far, the proportion of mixed reform of enterprises in Zhejiang Province has exceeded 75%, and the asset securitization rate has exceeded 65%.

At present, Zhejiang is entering a new stage of high-quality development and building a demonstration area of common prosperity, which has brought new opportunities for the province to deepen the reform of state-owned enterprises.

Feng Bosheng, Secretary of the Party committee and director of Zhejiang SASAC, said at the promotion meeting that actively developing the mixed ownership economy is not only the internal requirement of practicing the basic socialist economic system with Chinese characteristics, but also an important measure to promote the comprehensive reform experiment of regional state-owned assets and state-owned enterprises at a high level and help the construction of a model area of common prosperity.

He expressed the hope that through the launch of a number of high-quality project carriers, we will further build bridges for various types of capital cooperation, further strengthen equity integration, strategic cooperation and resource integration, and then drive the three-year action of state-owned enterprise reform in Zhejiang Province to advance in depth.

The promotion meeting of mixed ownership reform project of state-owned enterprises in Zhejiang Province. Map provided by Zhejiang SASAC

Map provided by SASAC of Zhejiang Province at the promotion meeting of mixed ownership reform project of state-owned enterprises in Zhejiang Province

Among the 48 mixed reform projects launched this time, there are 6 projects in Zhejiang central enterprises such as Sinochem Lantian, Nanfang building materials and Hongyan Electric Appliance, 17 projects under provincial enterprises such as Zhongda Group, Zhejiang construction group, Zhejiang Electromechanical group, Zhejiang International Trade Group and Zhejiang Tourism Investment Group, as well as 17 projects from Hangzhou, Ningbo, Jiaxing The 25 projects of state-owned enterprises in Lishui and other cities involve digital technology, industrial manufacturing, modern agriculture, financial services, trade circulation, urban development and other fields. There are both traditional industry transformation and upgrading projects and strategic emerging industry projects.

At the promotion meeting, Zhejiang Energy Group City Gas Co., Ltd. signed on-site three projects, including the introduction of strategic investors, the mixed reform listing project of China South Korea Life Insurance Co., Ltd. and the construction project of Wenzhou Port Yijia Port Co., Ltd.

Subsequently, six mixed transformation projects, including Huaye Steel Structure Co., Ltd., Hangzhou goldfish electric appliance group, Zhejiang Huafeng Paper Group, Lishui cloud and Xiaoxu community, carried out on-site roadshows and key promotion. Among them, the Lishui Yunhe Xiaoxu community project launched by Yunhe County Urban Construction Investment Group plans to invest 3.5 billion yuan. It is planned to introduce powerful investors to cooperate and jointly build a future community.

The promotion meeting was hosted by Zhejiang SASAC and undertaken by Zhejiang property exchange and Zhejiang state owned assets research center. The meeting also invited relevant principals and experts from Hangzhou SASAC, Guoxin Guotong fund and China intelligence consulting and Research Institute to give keynote speeches to introduce the ideas and experience of comprehensive reform of regional state-owned assets and state-owned enterprises in Hangzhou, how to promote mixed reform in the new development stage, and how to connect social capital to carry out capital operation.

It is understood that among the 40 mixed reform projects launched at the promotion meeting of Zhejiang SASAC at the end of 2018, 36 projects have been implemented successively, with a total introduction of social capital of 10.5 billion yuan. Among them, property Zhongda Group successfully introduced social capital of RMB 3.8 billion through private placement in 2019. Zhejiang Xinneng achieved IPO in the first half of this year. Anbang guard group, Zhejiang Transportation Planning and Design Institute and other enterprises have also completed share reform and applied for listing. Other mixed reform enterprises have also improved governance and promoted development through reform, and achieved good results on the whole.

Feng Bosheng said that Zhejiang SASAC will promote the effective integration of capital with a more open attitude, promote the transformation of the operating mechanism of mixed ownership enterprises, improve the supervision mode of mixed ownership enterprises, create a “golden card” of Zhejiang’s mixed ownership economy, and better serve Zhejiang’s economic and social development.


Post time: Jul-28-2021