News from our newspaper (reporter Youjing) recently, the state owned assets supervision and Administration Commission (SASAC) system of Jiangxi Province sent another good news: the asset scale of Jiangxi Provincial State-owned Enterprise Asset Management (holding) Co., Ltd. (hereinafter referred to as "Jiangxi state control") has broken through the 100 billion yuan mark, becoming the second state-owned enterprise with assets exceeding 100 billion yuan in the provincial SASAC system. By the end of 2017, Jiangxi guokong had 25 first-class wholly-owned and holding enterprises, including 2 listed companies and 28 joint-stock enterprises. The total assets of the company were 107.3 billion yuan and the net assets were 24.191 billion yuan.
Since its establishment in 2009 on the basis of the former provincial foreign trade assets management company, Jiangxi guokong has persisted in market-oriented operation, continuously integrated the equity of provincial state-owned enterprises, and transformed from a simple state-owned enterprise reform service platform to a state-owned capital investment operation platform. In less than 10 years, Jiangxi state control has changed from a "small sampan" with an asset scale of 1 billion yuan at the beginning of its establishment to a "large ship" with an asset scale of more than 100 billion yuan today, an increase of more than 100 times. At the same time, Jiangxi state holding company has been making profits for consecutive years without any loss. In 2009, the total profit of Jiangxi guokong was 14.2439 million yuan, which was 5.365 billion yuan in 2017, which was 375.68 times of the company's initial establishment, with an average annual growth of 109.89%.
On the basis of the continuous growth of asset scale, Jiangxi guokong credit rating has been improved. In 2017, Jiangxi guokong was successively rated as AAA grade enterprise by Dagong international and Dongfang Jincheng rating agencies, forming a comprehensive financing capacity. The bond financing channels have been continuously expanded, and the bond financing cost has been greatly reduced, laying a solid foundation for building a multi-level investment and financing platform and further playing the role of national capital.