On December 4, Chen Zhong, Secretary of the Party Committee and Director of the Hubei Provincial State-owned Assets Supervision and Administration Commission (SASAC), stated that in preparation for the "15th Five-Year Plan," the province will vigorously implement the "Industrial Foundation Strengthening and Chain Enhancement" initiative to comprehensively enhance the competitiveness of modern industries.
The strategy will focus on "three-pronged advancement," reinforcing capital operations and utilizing strategic mergers and acquisitions (M&A) as a key approach to accelerate the transformation and upgrading of provincial-level industrial entities.
The goal is to achieve over 50% revenue contribution from pillar industries such as automotive manufacturing and services, as well as modern chemicals within approximately five years. Meanwhile, emerging sectors like low-altitude economy and artificial intelligence will be developed into industrial clusters, while future-oriented industries such as humanoid robots will be strategically positioned.
This initiative aims to establish a modern industrial system with distinct characteristics of Hubei's state-owned capital.
