State-owned enterprises(SOEs) in Yichang will attract investment, totaling over 33 billion yuan this year, said the Municipal State-owned Assets Supervision and Administration Commission(MSASAC).

　　Based on the industrial layout and system of Yichang, the MSASAC will step up efforts to implement its program of “behemoth introduction” under the guidance of five-top policy. Yihua Group and Xingfa Group, two corporate giants in Yichang, will reportedly cooperate with leading enterprises in the upstream and downstream industries, research institutions, and universities to build a national refinement center for phosphate ore and a world-class power battery industry cluster and core base, with an investment target of no less than 10 billion yuan annually. Chengfa Group, a local firm magnate, will collaborate with leading companies in cultural tourism, green shipbuilding, and shale gas exploration, in order to introduce strategic investment, with an annual target of no less than 5 billion yuan. In the position of the management of investment attraction, Chantou Group, another commercial titan, will serve the development needs of the Yichang Gaoxing district, aiming to meet an annual target of not less than 5 billion yuan. Angel Group, a renowned business empire, will strengthen ties with major companies such as COFCO Group, SDIC, Mengniu Dairy Co., and Chinatea Co., expanding research into the field of synthetic biology, with an annual investment target of no less than 3 billion yuan. Three Gorges Airport will enter into contracts with one or two aviation transportation clients and introduce a couple of service brands. Yiliang Group will further its cooperation with grain industry leaders, including COFCO Group and Sinograin, to enhance the deep processing of grain and oil, as well as increase product added value.

　　As an effort to achieve its goal, the MSASAC has introduced a series of measures, by which a corporation’s work performance is evaluated. A working mechanism is in place to reinforce the specific responsibilities for executives, managers, and the whole administration office. Supervisory bodies are launched to implement the policy that enterprises include investment promotion expenses in the annual budget. (Reporter/Zhao Jingyi, Correspondent/Sun Mengni)