Open Governance
Major Indicators of Sichuan Provincial Regulatory Enterprises Pick up in H1

  In the first half of the year, provincial-level regulatory enterprises in Sichuan registered a total revenue of RMB 153.9 billion, and major indicators continued to pick up. Recently, according to the analysis meeting of the economic operation in the first half of the year held by the provincial assets supervision and administration commission that in the second half of the year, Sichuan will seize the opportunity of Chengdu-Chongqing economic circle construction, strengthen cooperation with Chongqing, and invest in a number of major projects.

  In the first half, the decline in total revenue of provincial regulatory enterprises continued to narrow, and monthly revenue continued to register month-on-month growth. In June, the total revenue of provincial regulatory enterprises reached RMB 40 billion, up 35.8% month-on-month and close to the level of the same period last year. These enterprises also realized a profit of RMB 2.83 billion, which increased significantly by RMB 2.71 billion month-on-month after turning into positive growth in May, showing an obvious trend of economic recovery.

  Previously, under the promotion of Sichuan and Chongqing assets supervision and administration commissions, Sichuan Development Holding Co., Ltd. and Chongqing Yufu Assets Management Group Co., Ltd. planned to establish Chengdu-Chongqing economic circle development fund worth RMB 30 billion, and make investments in electronic information, intelligent manufacturing, biomedical and other emerging industries in the two regions. A head of Sichuan Development said in the second half of the year, the two sides will continue to deepen cooperation, speed up the establishment of a Sichuan-Chongqing cooperation fund, invest in a number of major projects, and boost the transformation and upgrading of infrastructure and industries in Chengdu-Chongqing economic circle.

  In the second half of the year, state-owned enterprises will continue to ramp up investments in 5G network, big data center, block chain and other new infrastructure. It will also focus on the construction of 98 key projects, including Chengdu-Nanchong-Dazhou-Wanzhou High-speed Railway.

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