The 2025 Huadu District State-owned Assets Work Conference was recently held in our District. The Conference studied and implemented in a deep-going way the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, put into action with high standards the spirit of the Provincial and Municipal conferences on high-quality development and of the 2025 Guangzhou State-owned Assets Work Conference, summarized the work of the Huadu state-owned assets sector in 2024, and made deployment for the high-quality development of state-owned assets in 2025. Six companies, including Zhidu Group, City Construction Investment Group and Automobile City Company, made speeches at the meeting.

It was pointed out at the meeting that remarkable achievements had been made in the high-quality development of Huadu state-owned assets and state-owned enterprises in 2024; by the end of 2024, the total assets of state-owned enterprises of the District reached 55.945 billion yuan, a year-on-year increase of 73.6%; the action of deepening and upgrading the reform of state-owned enterprises was pursued with results beyond expectation, having 86% of the main reform tasks been completed; 1 state-owned enterprise of the District was newly awarded an AA+ corporate credit rating, bringing the District to the second place among districts of Guangzhou in terms of number of companies of the same rating; and the District had its first ever listed company. Two "bid and award" projects, 1.15 million square meters of new and continued construction of high-standard industrial parks and 50 billion yuan of total state-owned assets, were over completed, and 23 key “conquer the fortress” construction projects were pushed forward.

It was emphasized on the Conference that in 2025, the state-owned assets sector should resolutely uphold the mission and responsibility of the new journey in the new era, shoulder the heavy task of reform from a higher political stance, serve the regional development strategy with a stronger awareness, and specifically, take reform as the spearhead and quality leap as the goal to lay a solid foundation for a good start of the "15th Five-Year Plan". It would be essential to make every effort to stabilize economic growth. With priority on economic benefit, intensified efforts should be put to reduce and control losses, with focus on revitalizing existing assets, and continual expansion of effective investment. Adhering the idea of “project as the king”, the state-owned assets sector should serve the investment promotion work of the District, contribute to urban development and improve people's livelihood, and actively participate in rural revitalization and the "Hundred, Thousand, and Ten Thousand" project. It was essential to focus on layout optimization and structure adjustment. The sector should focus on its main responsibilities and main businesses, clearly define its functional positioning, aim at the construction of the "12635" modern industrial system with Huadu characteristics, participate vigorously in strategic emerging industries, and give full play to the leading role of state-owned capital. Efforts should be made to accelerate the development and construction of high-standard industrial parks, cultivate technology-based and innovative state-owned enterprises, and step up the pace in industrial transformation and upgrading. It was essential to take the initiative to pursue development and seek breakthroughs. The sector should complete with high quality the goals and tasks of deepening and upgrading the reform of state-owned enterprises, thoroughly implement the reform of the three systems, pay attention to the all-round comprehensive evaluation of the "top leader" of enterprises, promote in an active yet prudent way the reform of mixed ownership, and vigorously carry out strategic restructuring and specialized integration. It was essential to persist in strong supervision and risk prevention. The sector should improve the state-owned assets supervision system based on the management of capital, improve the coordinated and efficient supervision mechanism, implement classified assessment, and strengthen the construction of the internal control and risk control system of enterprises, to effectively forestall and defuse risks in key areas, and firmly guard the bottom line of preventing systemic risks. It was essential to stick to party building and strict governance over the Party. The sector should study and implement in a deep-going way the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, give full play to the leading role of party building, and promote the organic unity of the strengthening of the Party's leadership and the improvement of corporate governance; and should intensify the efforts to fight corruption in state-owned enterprises, and comprehensively strengthen the restraint and supervision of power.

The Conference was attended by responsible leaders of relevant agencies of the District, heads of relevant departments of national capital regulatory agencies, and Party chiefs, chairpersons and general managers of state-owned enterprises of the District.