Core Viewpoint - Hubei Province is actively promoting the reform of state-owned "three assets" management, which is seen as a key support for stabilizing growth, preventing risks, and ensuring people's livelihoods [2][3]. Group 1: Reform Principles and Goals - The reform is guided by three principles: assetization of all state-owned resources, securitization of all state-owned assets, and leveraging of all state-owned funds [3]. - The government aims to utilize various methods such as using, selling, renting, or financing state-owned assets to enhance the effectiveness of the reform [3]. - A comprehensive cleanup of state-owned "three assets" has revealed a total of 21.5 trillion yuan in state-owned "three assets," marking a significant step in understanding the government's financial standing [5][6]. Group 2: Market Reaction and Company Impact - The market has reacted positively to the reform announcements, with notable stock price increases for listed state-owned enterprises in Hubei, such as Zhongbai Group and Wuhan Holdings, during the period from October 20 to 22 [4]. - The focus on asset securitization has led to specific cases, such as the issuance of commercial mortgage-backed securities by Hongshan Artificial Intelligence Building, which successfully raised 301 million yuan [4]. Group 3: Implementation and Future Plans - Hubei has made significant progress in asset securitization this year, with initiatives like the issuance of REITs for industrial parks and the first asset-backed securitization for affordable rental housing [7]. - The provincial government has set a target to revitalize 150 billion yuan of idle assets over the next three years as part of the broader state-owned enterprise reform [7][8]. - A summary meeting will be organized to review the progress of the "three assets" management reform across various cities and establish a long-term management mechanism [8].