Is Xiang Xing Group a state-owned enterprise or a central enterprise?

Xiang Xing Group is a state-owned enterprise. The full name of Xiang Xing Group is Hunan Xiang Xing Investment Holding Group Co., Ltd., and Hunan Xiang Xing Investment Holding Group Co., Ltd. was established in September 2006. At the beginning of its establishment, it was mainly responsible for the disposal of non-performing assets of provincial state-owned enterprises and the management of provincial public operating assets. 2065438+September 2007, with the approval of the deep reorganization of the provincial party committee, Xiang Xing Group was reorganized and established as a provincial state-owned capital operation platform. In July, 2022, according to the decision of the provincial party committee and government, Xiang Xing Group merged with Hunan State-owned Assets Management Group Co., Ltd., becoming the only provincial-level state-owned capital operation platform in the province. Its main business orientation is equity management and financial services, state-owned assets management and state-owned enterprise reform services, transformation of scientific and technological achievements and industrial investment.

Company development strategy

According to the decision-making arrangements of the provincial party committee and the provincial SASAC, the company has always adhered to the "three unshakable" corporate governance strategy, namely, the party's leadership over the group, the functional orientation of the state-owned capital operation platform, and the market-oriented operation attribute, and gradually explored and formed a state-owned capital operation mode with Xiang Xing characteristics.

Since its establishment, the platform has shouldered the responsibility and mission to serve the reform and development of state-owned enterprises and provide financial services for the reform, transformation and development of provincial enterprises, structural adjustment and local government debts, with a total amount of nearly 20 billion yuan; Promote the deep integration of capital and industry, and foster the development of strategic emerging industries such as aerospace, new materials, high-end equipment manufacturing and modern service industry.

Business scope of the company

Manage and manage the state-owned assets within the authorized scope according to law, and carry out capital operation; Receiving and disposing of the non-performing assets approved for write-off by provincial state-owned enterprises; Packaging acquisition, management and disposal of non-performing loans owed by provincial state-owned enterprises to financial institutions; Carry out relevant capital investment, industrial investment and property right (equity) custody business; Carry out financial consulting, investment consulting, reorganization and merger and other related intermediary business for enterprise development and reform and reorganization; Other businesses authorized by investors. (Projects subject to approval according to law can only be operated after approval by relevant departments)

Corporate business group

Focusing on the functional orientation of the state-owned capital operation platform, the company is engaged in five business sectors: physical equity operation, fund investment, asset management, financial services and strategic emerging industries cultivation in accordance with the general idea of "improving functions, optimizing structure, cultivating capabilities and enhancing value".

Company development goals

Facing the future, under the guidance of Socialism with Chinese characteristics Thought in the new era, the Group will strive to develop into a provincial-level state-owned capital operation platform with strong capital strength, standardized management, efficient operation, strong market competition and great industry influence around the strategic goal of building a domestic first-class provincial-level state-owned capital operation platform and taking "building a first-class main business, building a first-class management and gathering first-class talents" as the main line.