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taishan financial reporter recently learned that jinan local state-owned enterprise zhangqiu state-owned assets operation co., ltd. (referred to as "zhangqiu state-owned assets company") has welcomed a new leader. the company's former legal representative and chairman cui ningning has withdrawn, and zhou kai has been replaced as chairman, general manager and legal representative. at the same time, gao bo has been added as a director.

according to the information, zhangqiu state-owned assets company is the most important state-owned assets and public utility operating entity in zhangqiu district, jinan city. its main task is to maintain and increase the value of state-owned assets. its core businesses include urban infrastructure construction, affordable housing project construction and public utility operations.

according to a 2023 interim bond report of zhangqiu state-owned assets company, the company's total assets were 23.25 billion yuan as of june 30, 2023.

as far as resume is concerned, there is not much information about zhou kai in public information channels, but the reporter noticed thatthe bond report was released in august 2023. the report showed that cui ningning was the chairman, general manager and legal representative of zhangqiu state-owned assets company, and zhou kai's position at the time was the company's chief financial officer.

from the perspective of equity, the finance bureau of zhangqiu district, jinan city, holds a controlling stake in zhangqiu through shandong longshan industrial development investment group co., ltd. (referred to as “longshan industrial development”).qiu state-owned assets co., ltd. holds 86.85% of the shares. the other two shareholders are china agricultural development key construction fund co., ltd. and china development bank development fund co., ltd., with shareholding ratios of 9.14% and 4% respectively.

zhou kai, who has just taken up his new post, also holds an important position in longshan industrial development as the financial director. at the same time, zhou kai also serves as a director of jinan zhangqiu mingshui ancient city tourism development co., ltd. and jinan zhujiayu chuangguandong tourism development co., ltd.

according to the bond report of zhangqiu state-owned assets company, the company has achieved leapfrog development in a short period of time since its establishment in 2006. in the next few years, the company will actively seize the opportunity of comprehensive development of zhangqiu district, and on the basis of consolidating and improving the core industrial model combining public utility operations and infrastructure construction, strive to expand related businesses and implement the overall strategy of leapfrog development.

it is worth mentioning that in november last year, the people's government of zhangqiu district, jinan city issued the "decision on the withdrawal of zhangqiu state-owned assets operation co., ltd. from the government financing platform."

the above-mentioned document mentioned that zhangqiu state-owned assets operation co., ltd. has completed its market-oriented transformation, improved the company's corporate governance structure, established and improved a modern enterprise system, realized market-oriented operations, and the government debts originally undertaken by the company have been properly disposed of.

the document also mentioned that zhangqiu state-owned assets company will no longer assume the government financing function and withdraw from the government financing platform from the date of the decision. the people's government of zhangqiu district, jinan city will not bear any debt repayment responsibility for the company's subsequent debts.

source:taishan finance