On June 12, Luohu held a work conference to accelerate the reform of state capital and state-owned enterprises (SOEs) and further integrate joint-stock cooperatives into the district's overall development.

The conference underscored the strides made by Luohu's SOEs in restructuring and enhancing their capabilities, marking preliminary optimization and structural adjustments in the state-owned economy. In parallel, the district has pioneered innovative models for joint-stock cooperatives, creating a synergistic "SOEs plus joint-stock cooperative companies" approach. This initiative is instrumental in melding the collective economy with the district's high-quality development trajectory.

Fan Defan, secretary of the Communist Party of China Luohu District Committee, highlighted importance of engaging deeply in urban development, revitalizing spaces, attracting investments, and improving the quality of life for residents, thus contributing to the district's vision for high-quality development.

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