Xu Huimin, member of the Standing Committee of CPC Suzhou Municipal Committee and secretary of CPC SIP Working Committee, visited, last Friday, three special-first-grade companies, namely, China-Singapore Suzhou Industrial Park Development Group Co., Ltd. (CSSD), Sungent Holding Group Co., Ltd. (Sungent) and Oriza Holdings Co., Ltd. (Oriza).

Xu requested that these companies should make a thorough study of their core business and development strategies, promote development with innovative thinking and transform from "becoming bigger" to "becoming stronger". Liu Xiaomei and Ding Lixin, members of CPC SIP Working Committee and deputy directors of SIP Administrative Committee (SIPAC), and leaders of related SIP Departments went on the tour. 

CSSD takes new type urbanization construction as its main business, and real estate development and public utilities as the supporting business. At CSSD, Xu found out about its development, featured activities and outbound projects, and inquired about its investment promotion.

Afterwards, Xu and his group went to Sungent, where they learned about the company's business and its 2.5 industry park. With real estate as its core, finance and capital operation as its engine, and emerging industries as its breakthrough point, the company has developed a business structure made up of such four sectors as real estate development, capital operation, asset management, and industrial investment. Based in Suzhou, the company is planning to bring its business across the Yangtze River Delta and extend its reach all over the country.

At Oriza, Xu asked in detail about its management structure and transaction mode, and visited Fund of Funds (FOF), Suzhou Financial Asset Exchange and Suzhou Equity Exchange. Oriza's business covers three sectors, i.e. equity investment, credit finance and investment & financing services, including China's first national level equity investment FOF, China's largest angel investment platform, China's only venture capital investment center for The Recruitment Program of Global Experts, China's first "debt + option" science and technology petty loan company, etc.  

At the meeting after the inspection, the three companies respectively made a report on their current development and future plan.

Recognizing what they have achieved so far, Xu said that the state-owned companies have made huge contributions in terms of planning, investment promotion, etc. to SIP's development and construction; they have trained a batch of talents, created a number of brands, owned large quality assets, and their competitiveness and brand effect has gradually taken shape.

Xu said that these special first grade companies should transform from "becoming big" to "becoming stronger", explore deeper into their development strategies and core business in a bid to become specialized and strong.

Xu noted that SIP's state-owned companies made headway in the previous round of reform, and next they should consider and explore how to deepen reform, promote development with innovative thinking, and learn the most advanced experience. The state-owned companies should also seek to make outbound investment together, and make the "going out" mode more professional, market-oriented and customized.

Xu requested that the Sanklake Equity Investment Center area should be developed into a distribution point, investment center and exchange center for the capital market in Suzhou, Jiangsu Province and even East China region. He urged that more work should be done in comprehensive research and investigation,  a smooth exit route for equity deal, dynamic investment channel, and innovative platforms functions and services.