Hubei’s state-owned enterprises have expanded effective investments in the first two months of 2025, the State-owned Assets Supervision and Administration Commission of Hubei Province (Hubei SASAC) reported.
During the January-February period, total investments reached 44.036 billion yuan ($6.06 billion), a 16.1 percent year-on-year increase. Fixed asset investments stood at 24.235 billion yuan, up 24.81 percent year-on-year, while equity investments reached 14.73 billion yuan, representing a 12.29 percent increase.
A total of 453 major investment projects are currently under construction or planed by Hubei SOEs, with a total planned investment of 1.25 trillion yuan. Among them, 271 ongoing projects accounted for 850.46 billion yuan, while 182 newly launched projects totaled 395.29 billion yuan. These projects collectively saw 32.23 billion yuan in completed investments, a 22.55 percent year-on-year increase.
Hubei SASAC has encouraged Hubei’s provincial SOEs to participate in certain major national projects and programs, particularly those aligned with major national strategies as well as the large-scale renewal of equipment and the trade-in of consumer goods.
(Executive editor: Wang Ruoting)
