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Zhongshan Torch Minzhong Economic Development Co Ltd was inaugurated on January 31.

Since its founding in September 2022, Minzhong Economic Development has fully integrated and straightened out the business, management and assets resources of the former eight state-owned enterprises in Minzhong District. In 2023, the company will continue to work on land consolidation, public infrastructure construction and assets operation in accordance with high standards, promote the transformation of the former state-owned enterprises in Minzhong from governmental functional platform companies into market-oriented business entities, and gradually develop into a competition-oriented company engaged in investment, construction and operation, which has an accurate strategic position, more prominent primary responsibility and business, and stronger ability to preserve and increase the value of state-owned assets.