Tianjin SASAC Secretary Zhang Yong Inspects TEDA Holding

Deep News
2025/11/10

On November 7, Zhang Yong, Secretary and Director of the Tianjin State-owned Assets Supervision and Administration Commission (SASAC), conducted an inspection at TEDA Holding. The visit aimed to implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee and advance the company’s high-quality completion of annual targets in line with municipal government directives and SASAC’s year-end mobilization plan.

Yang Chuansheng, Deputy Party Secretary and General Manager of TEDA Holding, along with other senior executives and relevant department heads, participated in the discussions. TEDA Holding reported on its economic performance, progress in reforms, risk management, and Party-building initiatives, emphasizing strategies for revitalizing assets ("Three New and Three Quantity" approach) and deepening state-owned enterprise (SOE) reforms.

Zhang Yong acknowledged TEDA Holding’s achievements in key projects, risk mitigation, and supporting regional development. He urged the company to leverage policy opportunities during the "15th Five-Year Plan" formulation, enhance market-oriented reforms, and accelerate high-quality growth. Key priorities include: - **Operational Efficiency**: Tailored reforms ("one enterprise, one policy") to streamline operations and boost profitability. - **Cost Reduction**: Eliminating loss-making units and optimizing hierarchies. - **Asset Revitalization**: Developing benchmark projects to foster new growth drivers. - **Capital Utilization**: Leveraging listed platforms and TEDA’s fund ecosystem to elevate market value. - **Strategic Planning**: Aligning with regional development while fulfilling SOE responsibilities.

Yang Chuansheng pledged to implement Zhang Yong’s guidance, intensify efforts to achieve annual goals, and contribute to Tianjin’s socioeconomic progress.

(Source: TEDA Holding Official Account)

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