In face of such problems like difficult financing and its high prices, Yichang SDIC Group has primarily built 3 operation sections, 8 core businesses and 6 operating principal parts by means of integration of enterprises, assets and business along with capital operation, and has made 3 major breakthroughs in industry investment, project construction and capital operation. And by the end of the last year, the group had financed 12.3 billion yuan in total and set up a Puyao Fund of 3 billion yuan.

The top ten industries with an individal asset of hundreds of billions yuan make up the backbone of Yichang economy. In order to encourage investment organizations and social capital to make industrial investment, Yichang SDIC Group, in October last year, promoted to set up a Three Gorges industrial guidance equity investment fund, and developed a guiding fund of 10 billion yuan with sub-funds of 50 billion yuan, and eventually obtained a municipal industrial investment of over 200 billion yuan to help upgrade those emerging strategic industries like fine chemicals, food, biology, medicine, advanced equipment manufacturing and new materials. In the expansion work of Three Gorges Airport and the construction of Yichang Airport Economic Zone, Yichang SDIC Group takes initiatives to carry out strategic cooperation with Lingyun Technology Group to build in Yichang a shipping industry base of tens of billions yuan.

It is incumbent upon Yichang SDIC Group to help enterprises get rid of problems. Thus, since the foundation of Yichang’s Small and Medium-sized Enterprise Guarantee Investment Company, which is subordinated to the Group, it has provided loan guarantees of 10.6 billion yuan in total for medium and small-sized enterprises and liquidized remnant assets of nearly 100 billion yuan. Yiling State-run Capital Company, one of its subsidiaries, has provided emergency working capital of 9.3 billion yuan for medium and small-sized enterprises since 2014. In regard to exploring disposals of bad loans, the company has established a Yichang mode of acquiring and disposing bad loans with the idea of “the government coordinates while companies undertake undere market operation”. It has signed 9 NPL transfer contracts with 4 state-owned asset management companies, which are Huarong, Xinda, Changcheng and Dongfang, with a total loan package of more than 22 billion yuan, and it has helped local government and enterprises solve debt crisis of 20 billion yuan, which has been popularized by SOEs nationally.

Yichang SDIC Group has completed over 40 key projects and educationel construction projects of the municipal government with the overall investment of 2 billion yuan. In April this year, the Three Gorges Bonded Logistics Center that Yichang SDIC Group participated in the construction will be officially put into operation, and the construction of the new campus of Yichang Municipal Party School, University for the Elderly, and the Practice Education Base for Teenagers will be completed and come into use by the end of the year. (Correspondent: Zuo Kai Ai Hua Reporter: Zhang Liang)