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Debt reduction and development go hand in hand: a county-level urban investment company's transformation exploration

2024-08-26

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Meijing AI News: In the tide of the new era, Leting County, Tangshan City, Hebei Province is writing a new chapter in the transformation and upgrading of the local economy with reform and innovation. As an important force in the development of local economy, Leting Investment Group Co., Ltd. (hereinafter referred to as "Leting Investment") has taken solid steps on the road of market-oriented transformation. In midsummer, the reporter came to Leting County. In this beautiful small city around the Bohai Bay, the reporter tried to discover how the city investment platform explored the secret of completing a gorgeous turnaround. Leting is the hometown of Li Dazhao. It is located on the west coast of the Bohai Sea and has a long coastline and endless plains. There is the world-class port of Jingtang Port and the important steel enterprise Tangshan Iron and Steel. There are 12 academicians from Leting here. The industrial foundation here is strong, and port logistics, steel, new energy, chemical industry, equipment manufacturing, and marine fisheries are booming. These foundations have provided a broad space for development for Leting Investment. In just two years, Leting Investment has transformed from a debt-burdened financing platform to a new market-oriented industrial platform with steady progress in multiple industrial projects. (Shanghai Securities News)

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