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Total asset value of SOEs under supervision of Liuzhou exceeds 600 billion yuan
Date:2019-03-20 By:Qiuzhen Luo Source:Liuzhou Daily

Good news from the Liuzhou State-owned Assets Supervision and Administration Conference said that the supervision and administration on state-owned assets in Liuzhou made new breakthroughs, which further motivated the vitality of state-owned enterprises (hereinafter referred to as SOEs) and promoted the high-quality development of SOEs.

As is introduced, by the end of December, 2018, the total value of the assets of SOEs under the supervision of State-owned Assets Supervision and Administration Commission of Liuzhou Municipal People’s Government was 607.64 billion yuan (including the financial assets), the total liabilities reached 402.105 billion yuan, and total owners' equity was 205.535 billion yuan, up by 12.58%, 11.96% and 13.8% year-on-year respectively. The assets of Liuzhou Financial Investment and Development Group Co., Ltd., Liuzhou Urban Construction Investment and Development Group Co., Ltd., Liuzhou Dongcheng Investment and Development Co., Ltd. and Liuzhou Rail Transit Investment and Development Group Co., Ltd. have exceeded 100 billion yuan. The SOEs in Liuzhou have been operated with improving quality and the structures have been optimized. The development trend of "Optimizing, Improving and Upgrading in Stability" has been even more outstanding. In 2019, the SOEs in Liuzhou will strive to achieve steady growth by improving the quality and efficiency during the process of reform and development, thus strengthening the development impetus and competitiveness.

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