Joint reorganization of Central and Local Cooperation overseas Chinese Town to practice Deep cultivation in the Yangtze River Delta region

SMM: recently, with the approval of SASAC of the State Council, Jiangsu Guoxin Group Co., Ltd. (hereinafter referred to as "Guoxin Group") and overseas Chinese Town Group Co., Ltd. (hereinafter referred to as "overseas Chinese Town Group"), a second-class wholly-owned subsidiary of Huaqiaocheng Huadong Investment Co., Ltd. (hereinafter referred to as "Huadong Group") reached cooperation on the strategic restructuring of Jiangsu Real Estate Investment liability Co., Ltd. (hereinafter referred to as "Jiangsu Real Estate Company"). Guoxin Group is the only pilot enterprise of state-owned capital investment and operation in Jiangsu Province. the strategic reorganization of both sides marks a further step in the practice of overseas Chinese Town Group participating in the reform of state-owned enterprises. More importantly, at the "Symposium on promoting the Integrated Development of the Yangtze River Delta", General Secretary Xi Jinping proposed that the implementation of the integrated development strategy of the Yangtze River Delta should pay close attention to the two key words "integration" and "high quality". Overseas Chinese Town Group, as a representative central enterprise in the field of culture and tourism, provides successful cases of realizing the two key words.

The vanguard of the reform of state-owned enterprises

This restructuring and cooperation is also an important measure to implement the three-year action plan for the reform of state-owned enterprises and deepen the reform of state-owned enterprises. SASAC of the State Council vigorously promotes the orderly reorganization and combination of central enterprises and local state-owned enterprises in accordance with the principle of marketization. In 2017, the overseas Chinese Town Group entered Yunnan strategically and reorganized the two major provincial state-owned investment platforms, Yunnan World Expo and Yunnan Wentou. This central-local cooperation model has become a new normal for the innovation and development of the overseas Chinese Town Group, and it is also a booster for the overseas Chinese Town Group to achieve leapfrog development. As the largest energy and financial group in Jiangsu Province, Guoxin Group was formally approved as a pilot state-owned capital investment and operation company by the Jiangsu provincial party committee and provincial government in June 2018. In July, the State Council issued the implementation opinions on promoting the pilot Reform of State-owned Capital Investment and Operation companies (hereinafter referred to as the "implementation opinions"), proposing to reform the authorized management system of state-owned capital mainly by managing capital. reorganize and set up state-owned capital investment and operation companies, explore effective operation models, and promote industrial agglomeration, transformation and upgrading through investment and financing, industrial cultivation, and resource integration. Optimize the layout structure of state-owned capital; Through the operation of equity, value management and orderly advance and retreat, we can promote the rational flow of state-owned capital and maintain and increase the value of state-owned capital. In recent years, central enterprises and some provinces and cities have launched this work one after another, and have successively set up a number of state-owned capital investment and operation companies. After this restructuring, Guoxin Group's main business further focused on investment in energy, finance and emerging industries. "this restructuring and cooperation is an important measure for the Group to actively implement the relevant spirit of the three-year action plan for the reform of state-owned enterprises, to conform to the strategic positioning and development planning of the two major shareholders, to focus on the main business, to give full play to the advantages of resources, and to strengthen, optimize and enlarge the state-owned capital." The overseas Chinese city said.

Deep ploughing grows triangle

"the implementation of the integrated development strategy of the Yangtze River Delta should pay close attention to the two key words' integration 'and' high quality', break down administrative barriers and improve policy coordination with the ideas and measures of integration, so that elements can flow smoothly on a larger scale. it is conducive to giving full play to the comparative advantages of various regions, achieving a more reasonable division of labor, condensing more powerful joint forces, and promoting high-quality development." General Secretary Xi Jinping stressed at the symposium on the integrated development of the Yangtze River Delta held in August this year. Overseas Chinese Town Group, as the representative enterprise of culture and tourism industry in the sequence of central enterprises, the reorganization of real estate companies in Jiangsu Province will help to promote the development model of "culture + tourism + urbanization" and "tourism + Internet + finance" in the Yangtze River Delta, and provide the wisdom and plan of culture and tourism central enterprises for the integrated and high-quality development of the Yangtze River Delta.

As one of the regions with developed economy and high degree of urbanization in China, the Yangtze River Delta region plays an important strategic role in the overall situation of national modernization and omni-directional opening-up pattern. This is also the strategic location of the overseas Chinese Town Group. Adhering to the mission of 'creating a family with high quality life', East China Group has increased its investment in Jiangsu, especially in Nanjing, based on the integration strategy of the Yangtze River Delta. The strategic directions of East China Group and Guoxin Group are highly coupled, and they jointly put forward the idea of jointly reorganizing Jiangsu Real Estate Company. Such strategic reorganization will help to speed up the optimization and structural adjustment of state-owned capital, highlight the optimization and upgrading of main industries, and further enhance the overall function and allocation efficiency of state-owned capital. " Introduction to overseas Chinese Town. Through this strategic reorganization, we can give full play to the advantages of the two major shareholders, the two resources and the effectiveness of the two platforms in the future development, and build a new channel to undertake the integration strategy of the Yangtze River Delta. With the help of the brand effect of Jiangsu real estate companies, on the basis of the existing strategic layout, further ploughing, and taking this as the core, actively expand the key cities in Jiangsu Province, increase the proportion of the strategic layout of the Yangtze River Delta, and create an integrated urban circle in the Yangtze River Delta.