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Guiyang FTZ fuels economic growth with SOE reform

english.guiyang.gov.cn |Updated: 2025-09-04 16:12:23

In recent years, the Guiyang Free Trade Zone (Guiyang FTZ) bureau of finance and economy has promoted high-quality economic development by optimizing the allocation of State-owned capital, strengthening the State-owned assets supervision system, and highlighting the characteristics of opening-up, thereby boosting sustained and healthy economic growth.

The bureau has collected scattered assets and resources, focusing on key business areas such as trade development, industrial cultivation, and industrial park construction to allocate State-owned capital, improving resource utilization efficiency.

It has optimized the governance system for State-owned enterprises (SOEs), supported SOEs in strengthening market-oriented management mechanisms, streamlined internal departments, scientifically organized business operations, further focused on core responsibilities, and enhanced market competitiveness.

The bureau has strengthened oversight of significant SOE matters, improved the power and responsibility list for SOEs, and enhanced the scientificity and transparency of decision-making.

It has also strengthened supervision of enterprise assets and finances, conducted regular audits and inspections, and formulated and implemented management measures for SOEs' investment, financing, and guarantees, shifting from asset management to capital management.

Additionally, the bureau has strengthened performance evaluation, focusing on operating performance and social benefits to help SOEs improve their management.

It has supported SOEs in developing trade and supply chain services and promoted the construction and promotion of foreign trade comprehensive service platforms to provide high-quality comprehensive foreign trade services for resident enterprises. It has also expanded into emerging open-economy industries, such as cross-border computing power.

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