摘要：在经济格局重塑与财政转型攻坚之际，地方国企传统发展模式遭遇瓶颈，土地财政难以为继，向股权财政转型 迫在眉睫。通过打造产投平台，并以此为基础发行债券融资、成立产业基金、开展招商孵化，地方国企可实现产业化 转型，构建地方特色产业集群，推动财政模式顺利转变。 关键词：地方国企；产业化转型；产投平台；债券融资；产业基金；招商孵化 二、打造产投平台：奠定转型基石 产投平台是地方国企产业化转型的核心枢纽，它整合了地方国企的各类资源，涵盖资金、资产、人才、技术等多个方 面，具备强大的资源调配与整合能力。通过产投平台，地方国企能够打破传统业务板块之间的壁垒，实现资源的优化 配置与高效利用。同时，产投平台以市场为导向，具备更灵活的决策机制和更敏锐的市场洞察力，能够更好地捕捉市 场机遇，为地方国企拓展新的业务领域和盈利空间，开启产业化转型的大门。 三、发行债券融资：注入资金活水 产投平台凭借其良好的信用和资源优势，通过发行债券进行融资，为地方国企产业化转型提供了充足的资金保障。产 投债券具有融资规模大、融资成本相对较低、期限结构灵活等显著优势。地方国企可以利用筹集到的资金，加大对重 点产业项目的投资力度，支持产业基础设施建 ...

Group 1 - The State Administration for Market Regulation announced the establishment of a joint venture involving CICC Capital, Chengdu Environmental Investment Management Co., and Meishan State-owned Capital Investment Operation Group [2] - The joint venture will primarily engage in private equity investment in China, with ownership stakes of 1.8% for CICC Capital, 40% for Chengdu Environmental Investment, and 48.2% for Meishan State-owned Capital [2] - Meishan State-owned Capital, established in November 1998, focuses on state asset investment and operates in sectors such as water management and urban construction, with a registered capital of 3 billion yuan [2] Group 2 - Meishan State-owned Capital has nearly 4,000 employees and total assets of 56.1 billion yuan, with a net asset value of 26.7 billion yuan [3] - The group operates through a structure of 1 parent company, 8 secondary enterprises, and 23 tertiary enterprises, covering various sectors including infrastructure, public transport, and environmental management [3] - The second largest shareholder, Chengdu Environmental Investment, was established on January 3, 2023, and focuses on investment and management, ultimately controlled by Chengdu Environmental Investment Group [3] Group 3 - Chengdu Environmental Investment operates over 125 subsidiaries and has total assets exceeding 94 billion yuan, focusing on water and environmental projects across multiple provinces [3][4] - The group is recognized for its leading position in the western region and ranks among the top in the country, with a water supply and drainage capacity nearing 10 million tons per day [4] - The group has achieved the highest AAA credit rating in the country and controls a listed company, Xingrong Environment, utilizing various financial instruments to enhance capital operations [5]