Why did Xiamen Electromechanical Group change its name to Xiamen Haiyi Group?

Xinhuanet Xiamen May 18 (Reporter Yu Yingrui) On the morning of June 18, Xiamen Yuehua Hotel was renamed, and Xiamen Electromechanical Group officially entered the public eye with the name of "Xiamen Haiyi Group Co., Ltd.". Xiamen Electromechanical Group Co., Ltd. is a state-owned enterprise group directly under Xiamen, ranking 224th among the top 500 Chinese enterprises in 2009. Construction machinery and automobiles are the core industries of the Group, including investment and related industries such as finance, real estate, trade and logistics and other businesses. There are more than 20 wholly-owned and holding enterprises with total assets of 22 billion yuan and employees of10.7 million. Xiamen Xiagong Machinery Co., Ltd., a large-scale enterprise mainly producing construction machinery products such as loaders and excavators, and Xiamen Jinlong Automobile Group Co., Ltd., which owns three brands in China bus industry, are among them. After renaming, Haiyi Group plans to integrate, upgrade and develop in all directions in the next six years, and strive to achieve an operating income of 75 billion yuan by 20 15, and develop into a world-class and China-leading commercial transportation equipment system solution provider and the best investment holding group in related fields.