July 20，Interface News reporter learned from 188bet sports betting，188bet sports betting Group announced the formal implementation of equity diversification reform in Beijing。Introducing Guangdong Province at the group level、Guangzhou City、Guangdong Hengjian Investment Holdings Co., Ltd., the investment entity determined by Shenzhen City、Guangzhou Urban Construction Investment Group Co., Ltd.、Shenzhen Penghang Equity Investment Fund Partnership (Limited Partnership)’s capital increase is 10 billion yuan each，Total capital increase of 30 billion yuan，A state-owned enterprise group that has become a diversified shareholder。

Guangdong Hengjian Investment Holdings Co., Ltd. was established with the approval of the Guangdong Provincial People’s Government，A wholly state-owned company performed by the Guangdong Provincial 188bet sports betting and Administration Commission as an investor，Operated by investment and capital、Asset Management、Financial industry is the main industry，Is the only provincial state-owned capital operating company in Guangdong Province。As of September 2018，Hengjian Holding Company’s registered capital is RMB 202.1.7 billion yuan、Total assets 291.6 billion yuan、Net assets 172.3 billion yuan，is the provincial enterprise with the largest net assets in Guangdong Province。

Guangzhou Urban Investment focuses on urban infrastructure investment and financing、Construction、Large-scale 188bet sports betting enterprises operated and managed，Registered capital 17.3 billion yuan，Bank credit rating AAA，The highest international rating among 188bet sports betting enterprises in Guangzhou (Moody’s A-、Fitch A)。Merged and reorganized with Guangzhou Fund in 2018，Integrated development with 11 municipal 188bet sports betting enterprises，Total assets will exceed 200 billion yuan in 2019，Net assets will exceed 110 billion yuan。

Shenzhen Penghang is approved by the Shenzhen Municipal Government，To support 188bet sports betting Group’s equity diversification reform、A special industry fund established to promote the development of the air transport industry in the Guangdong-Hong Kong-Macao Greater Bay Area, especially Shenzhen，Authorized to manage by Shenzhen Kunpeng Equity Investment Management Co., Ltd., a state-owned enterprise owned by Shenzhen Municipality。

According to "Securities Times"，After this capital increase and equity transfer，188bet sports betting Group’s equity structure is: State-owned Assets Supervision and Administration Commission holds 61 shares.798%，The three investment entities in Guangdong each hold 10 shares.44%。Social Security Foundation holds 6 shares.866%。The transfer of state-owned equity to the social security fund shall be coordinated and implemented by the State-owned Assets Supervision and Administration Commission。

188bet sports betting Group introduced to Guangdong Province、State-owned capital in Guangzhou and Shenzhen，Implementing group equity diversification reform，Is the first enterprise to adopt the cooperation model between central enterprises and local governments。Stated by 188bet sports betting，After the group equity diversification reform，Will significantly reduce the asset-liability ratio，Provide strong financial guarantee for enterprise development。At the same time，Establishing a modern enterprise system，Improving the board of directors’ decision-making mechanism and market-oriented operating mechanism，Further stimulate the development vitality of enterprises，Achieve high-quality development，Continuously moving towards the goal of building a world-class air transport enterprise。

Proposed by the "Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening the Reform of State-owned Enterprises"，"Intensify the reform of the corporate system at the group level，Actively introduce various investors to achieve equity diversification”。Industry opinion，After the implementation of this reform，Meaning that the nature of the controlling shareholder of 188bet sports betting has changed from a wholly state-owned company to a wholly state-owned company，The corporate governance structure is more complete，Group、shares、The three-level governance system of investment companies is more standardized，Conducive to 188bet sports betting Group becoming stronger, better and larger in state-owned capital，Accelerate the promotion of high-quality development，It is also conducive to further promoting cooperation between central enterprises and local governments，Promote Guangdong’s economic development and expand its level of opening up。

According to 188bet sports betting，In addition to implementing the group’s equity diversification reform，188bet sports betting has also implemented a series of major reforms and key strategic tasks，The reform has achieved substantial results: building a standardized board of directors，Improve corporate governance structure，Management efficiency has been significantly improved；High-standard construction of Daxing Airport 188bet sports betting Base，All five functional areas are completed and accepted，Beijing hub operation is ready to go；Optimize management and control mode，Promote "centralized control、Efficient decision-making、Smooth communication、Large-scale operation and construction of “system linkage”，Flight punctuality rate remains industry-leading；Comprehensive implementation of digital transformation，Building “China Southern e-Travel”，Integrating upstream and downstream industry resources in aviation tourism。

The person in charge of 188bet sports betting Group said，The next step will be in the State-owned Assets Supervision and Administration Commission of the State Council、Under the guidance of the Guangdong Provincial Committee and Provincial Government，Solidly promote the implementation of reforms and achieve results。At the same time，Secure the opportunity of the reform and development policy of state-owned enterprises，Promote the implementation of mixed ownership reform of subordinate double hundred enterprises。At the level of 188bet sports betting，Explore cooperation and collaboration on international routes with high-quality international airlines，Enhance the core competitiveness of the company’s main business，Further improve the company's profitability。

2018，188bet sports betting passenger traffic reached 1.400 million visitors。As of July 2019，China Southern operates Boeing 787s、777、737 series，Airbus A380、A330、More than 850 A320 series and other models of passenger and cargo transport aircraft，is the first airline in the world to operate Airbus A380。The largest fleet in Asia、Third in the world。

*This 188bet sports bettingSource: interface, Author:Chen Xiaoshuang, original title: "Guangdong local state-owned assets invested RMB 30 billion in 188bet sports betting Group，188bet sports betting implements equity diversification reform》.