At the press conference on “Fighting for Steady Economic Growth · Helping Enterprises Benefit Enterprises to Warm Up Enterprises” held by the Guangzhou Municipal Information Office, Qin Haining, Deputy Party Secretary and Deputy Director of the Guangzhou Municipal State-owned Assets Administration Commission, explained that Guangzhou has thoroughly implemented a new round of state-owned enterprise reform and deepening and upgrading actions. A total of 9 enterprises were selected as “Double 100 Enterprises” by the State Council's State-owned Assets Administration Commission and 17 were selected as “Science Reform Demonstration Enterprises”, accounting for about half of Guangdong Province. More vigorously push forward the “Three Systems” reform, comprehensively implement the managers' tenure system and contractual management, establish a system of last-minute adjustments and incompetent exit for managers, and improve the medium- to long-term incentive mechanism. Yongxing Co., Ltd. and Ruqi Chuxing achieved IPOs, with a total of 40 state-owned listed companies. (Shanghai Securities Report)