Panyu City Investment and Guangzhou City Investment are cooperative relations. According to the relevant public information, Panyu Chengtou and Guangzhou Chengtou are both comprehensive urban development companies under the Guangzhou SASAC, both of which operate under the guidance of Guangzhou SASAC and have contributed to Guangzhou's economic development and urban construction. They are all related to business fields, but there are still some cooperation and contacts, such as cooperation in project development and financing. In addition, Guangzhou SASAC will also integrate and coordinate the two companies, so that the two companies can cooperate with each other, give full play to their respective advantages, and avoid conflicts and redundant construction.