Top State firms eye Xiongan prospects

Over 30 SOEs expected to play key role in building the infrastructure of the new area

More than 30 central State-owned enterprises from the power, infrastructure and transportation industries have made plans to seize business opportunities expected from the planned creation of the Xiongan New Area in Hebei province, according to the website of the country's top SOE regulator on Monday.

Central SOEs including China Telecommunications Corp, China Eastern Airlines, China National Machinery Industry Corp and China Energy Engineering Corp Ltd have all held top management meetings to discuss plans to develop new areas, according to the website of the State-Owned Assets Supervision and Administration Commission.