On July 17th, according to the Science and Technology Innovation Board Daily (Reporter Guo Hui, Yang Xiaoxiao), Quzhou State-owned Assets officially acquired a listed company.

Today (July 17th), according to the announcement of Xinhu Zhongbao, the 12th board of directors member list was approved at the 4th provisional shareholders meeting in 2024. Quzhou Zhixing and its affiliates have actually controlled the board of directors.

This means that Quzhou Zhixing, which is actually controlled by Quzhou State-owned Assets Commission, officially became the controlling shareholder of Xinhu Zhongbao, and Quzhou Industrial Holdings, the penetrating shareholder of Quzhou Zhixing's managing partner, became the actual controller of the company.

The Science and Technology Innovation Board Daily reporter noted that since early 2023, Quzhou State-owned Assets has entered Xinhu Zhongbao through two equity transfers and has become the largest shareholder. Shortly thereafter, Quzhou State-owned Assets consecutively launched two rounds of shareholding plans, continuously increasing the investment in Xinhu Zhongbao's capital.

As of the completion of the above-mentioned shareholding, Quzhou Zhixing and its affiliates will hold a total of approximately 2.44 billion shares of Xinhu Zhongbao, accounting for 28.68% of its total share capital.

As a company that previously mainly focused on the real estate business, since 2015, Xinhu Zhongbao has started to adjust its industrial strategy and invested heavily in new emerging industries. Some of the investment projects include Honghua Numerical Control, Loongson Zhongke, Huaru Technology, Yuntian Lifei, and other stars from the Science and Technology Innovation Board or Growth Enterprise Market. Many of these high-tech industrial projects have the potential to collaborate with important industries in Quzhou.

Industry insiders believe that "Quzhou State-owned Assets' acquisition of Xinhu Zhongbao allows Quzhou to rely on the listed company platform to better gather resources and continue to attract and layout in new industries."

With the completion of Xinhu Zhongbao's mixed-ownership reform, Quzhou's industrial development path has become clearer to the public.

In recent years, Quzhou has been implementing the "strong industry, prosperous city" development strategy, continuously promoting enterprise and industry transformation and upgrading, and taking the lead in layout for future industries such as new energy, integrated circuits, and life sciences, achieving fruitful results.

In 2022 and 2023, the investment growth rate in Quzhou's high-tech industries reached 116.4% and 28.2%, respectively, maintaining high growth momentum. In 2023, Quzhou added 187 high-tech enterprises and 894 provincial-level science and technology small and medium-sized enterprises, forming a large number of widely spread technology-oriented enterprises. Last year, with Zhongju Microelectronics's listing on the Science and Technology Innovation Board, Quzhou also welcomed its 17th listed company and second Science and Technology Innovation Board company.

According to data from the Quzhou Science and Technology Bureau, in 2023, the added value growth rate of Quzhou's high-tech industry reached 12.7%, ranking second in the whole Zhejiang province. In the first quarter of this year, the added value growth rate of Quzhou's high-tech industry increased by 16.5%, jumping to first place in the province.

Quzhou is also achieving investment attraction through the establishment of industrial funds. According to the "Double Thousand Plan" implementation plan for attracting capital launched by Quzhou in the second half of last year, Quzhou will focus on the "6+X" industrial chain, accelerate the formation of a diversified linkage attracting new mode of "fund + base + industry", and strive to achieve a cluster fund scale of 100 billion yuan and leverage 200 billion yuan of social capital in about three years.