Beijing State-Owned Capital Deploys Nearly 10 Billion Yuan as Local Platforms Join Market Stabilization
Following the combined purchase of over 600 billion yuan in stocks by China Reform Holdings Corporation and China Chengtong Holdings Group, local state-owned platforms in Beijing, Shanghai, and Shaanxi have joined efforts to stabilize the capital market. Beijing State-owned Capital Management Center has allocated nearly 10 billion yuan from its own funds to invest in equities, while Chang'an Huitong Group increased holdings of provincial state-owned listed companies. The funds target central enterprise core assets and hard-tech sectors, with continued support for technology innovation and market value management.
After China Reform Holdings Corporation and China Chengtong Holdings Group collectively increased their stock holdings by over 600 billion yuan, local state-owned asset platforms have joined the campaign to maintain stability in the capital market.
Beijing State-owned Capital Management Center announced that it has deployed a total of nearly 10 billion yuan from its own funds to invest in the stock market, and will continue to increase holdings of listed company stocks through its own funds and its subsidiaries, including securities companies and mutual funds. Chang'an Huitong Group stated that it has recently increased its holdings of shares in several provincial state-owned listed companies through the secondary market, with its shareholding scale growing steadily.
Central state-owned enterprise core assets are the key focus of fund allocation. China Reform Holdings clearly stated that it will continue to increase holdings of central enterprise stocks to support their technological innovation and high-quality development. China Chengtong also focused on state-owned central enterprises, making large-scale purchases of stock assets.
The hard-tech sector also received additional investment. Beijing State-owned Capital Management Center said it will hold its controlling stakes in listed companies for the long term to support technological innovation. China Chengtong announced that it will continue to make large-scale purchases of technology company stocks and exchange-traded funds.
Shanghai Guosheng Group stated that it will strongly support the industrial transformation, upgrading, and technological innovation development of local state-owned enterprises, and firmly support the high-quality development of Shanghai-listed state-owned companies. Chang'an Huitong Group said it will continue to increase holdings of provincial state-owned listed company shares and optimize customized market value management services. Shanghai International Group made clear that it will continue to promote the enhancement, creation, and maintenance of the value of listed companies, leveraging its core functions of 'financial holding plus market value management'.