Guangdong SASAC Meeting Backs AI, Frontier Sector Push as State Firms Report H1 Gains

On August 7, the Guangdong Provincial State-owned Assets Supervision and Administration Commission (SASAC) held a meeting to analyze the economic situation of provincial state-owned enterprises in the first half of the year. The meeting reviewed operating performance since the start of 2026. As of the end of June, the total assets of enterprises supervised by the provincial SASAC reached RMB 2.99 trillion, up 6.2% year on year. From January to June, cumulative operating revenue reached RMB 372.65 billion, and total profit reached RMB 25.30 billion, up 7% and 11.8% year on year, respectively.

The meeting proposed focusing on optimizing the layout and structure of the state economy and scientifically formulating the 15th Five-Year Plan. It called for upgrading infrastructure sectors such as transportation, energy, water, construction, and mining, and accelerating the deployment of frontier tracks including artificial intelligence, advanced biomanufacturing, next-generation information technology, marine ranching, low-altitude economy, and new energy storage, to cultivate industry leaders and innovation entities.