Guangzhou State-owned Assets Management Group Co., Ltd.

Guangzhou State-owned Assets Management Group Co., Ltd. (hereinafter referred to as Guangzhou SASAC Management Group), formerly known as Guangzhou Industrial Development Group Co., Ltd. established in 1995, was adjusted in February 2024 to become a functional enterprise directly supervised by the Municipal SASAC. The Group assists the Municipal SASAC in fulfilling its responsibilities as an investor, focuses on the overall economic development of Guangzhou, strives to play a 'public service' role, and builds a support platform integrating group investment promotion, regional coordination, revitalization of existing assets, incubation and cultivation of time-honored brands, and services for state-owned enterprises. As an important lever for further deepening the reform of state-owned enterprises, it supports the Municipal SASAC in implementing the city's strategies with high quality, promotes the high-quality development of state-owned assets and enterprises, and creates a distinctive operating model for Guangzhou's state-owned enterprises. As the city's unified professional asset disposal platform, Guangzhou SASAC Management Group coordinates the reception and disposal of problem enterprises and non-performing assets, forming a full industry chain of asset reception, problem sorting, asset disposal, resource revitalization, and industrial incubation. First, relying on its business foundation in clearing 'zombie enterprises' and disposing of inefficient and invalid state-owned assets, it has established a modular and standardized clearing and trusteeship business system, vigorously undertaking the disposal of inefficient enterprises and related businesses from administrative organs, public institutions, education and medical systems, radiating to all districts, establishing a brand, and expanding beyond Guangzhou. Second, it manages various special assets of the Municipal SASAC, undertakes the reception and integration of enterprises newly incorporated into unified supervision by the SASAC, and takes over the management of urban collective enterprises. Following the principle of 'one enterprise, one policy', it tailors asset management plans to suit each enterprise's actual situation, continuously explores valuable land and property resources, leverages the scale advantages of inefficient assets, and improves asset operation efficiency. Third, it carries out disposal and clearing work related to 'non-main business and non-competitive' and 'inefficient and invalid' assets, establishing a sound long-term mechanism for identification and early warning and a green channel for departmental coordination. As a platform for the revitalization and development of time-honored brands, Guangzhou SASAC Management Group injects new vitality into the time-honored brands of municipal state-owned enterprises. First, through its subsidiary Guangzhou Laozihao Investment Holding Co., Ltd., it gathers time-honored enterprises under the Guangzhou state-owned assets system that are poorly managed or unwilling to operate, for unified management and operation, strengthens resource integration, supplements and strengthens the industry chain, improves the intensive, large-scale, and integrated operation level of time-honored brands, and coordinates the promotion of the revitalization and development of the city's time-honored brands. Second, focusing on the two functions of 'incubation and empowerment', it establishes a complete value chain and ecosystem for time-honored brand incubation, creates lighthouse projects for the incubation, cultivation, and renewal of state-owned time-honored brands, revitalizes time-honored brand resources, comprehensively applies market-oriented mechanisms such as mixed-ownership reform and employee stock ownership, and implements multi-dimensional empowerment in brand management, resource access, and capital operation to enhance the value of time-honored brands. As a service platform for state-owned enterprises (comprehensive service center for state-owned assets and enterprises), first, with serving state-owned assets and enterprises as its core, it builds a '1+N' full-network operation service platform for Guangzhou enterprises, with the Municipal SASAC as '1' and all municipal enterprises as 'N'. Relying on the service experience of its subsidiary Guangzhou Guangfu Tong Information Technology Co., Ltd. in party building, news, and brand operation, it creates Guangzhou Enterprise Party Building Service Center and Guangzhou Enterprise Smart Party Building Center as learning and exchange platforms and external publicity windows for party building in Guangzhou enterprises. Second, using the WeChat public account 'Guangzhou State-owned Assets' as a carrier, it establishes a full-media matrix for Guangzhou state-owned assets, striving to build an integrated operation service system for information exchange, resource sharing, and collaborative utilization among Guangzhou state-owned enterprises. It also undertakes other service functions such as regular exchanges between districts and enterprises, investment promotion supporting services, and management of vocational education and preschool education. In the future, guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Guangzhou SASAC Management Group will strengthen confidence, act with determination, and adopt an enterprising attitude of 'starting a second business', providing important support services for promoting the integration and disposal of inefficient and invalid state-owned assets, incubating and cultivating time-honored brands, optimizing the layout of the city's state-owned economy, and deepening the reform of state-owned enterprises.