Xinhua News Agency｜13 Organizations Call to Be Value Discoverers, Communicators, and Long-term Investors for Central SOEs

Translated from Xinhua News Agency

Recently, at the Seminar on the Value Investment of Central State-owned Enterprises (SOEs) hosted by China Reform Investment Co., Ltd. under China Reform Holdings Corporation Ltd., representatives from 13 organizations jointly launched the initiative "Discover the Value of Central SOEs and Practice Long-term Investment". They expressed their commitment to being effective value discoverers, communicators, and long-term investors for central SOEs and supporting their technological innovation and high-quality development for the long term.

Scene of seminar (from China Reform Holdings Corporation Ltd.)

The 13 organizations are China Reform Investment Co., Ltd., China Life Asset Management Company, PICC Asset Management Co., Ltd., China Universal Asset Management Company Limited, China Southern Asset Management Co., Ltd., Invesco Great Wall Fund Management Co., Ltd., E Fund Management Co., Ltd., GF Fund Management Co., Ltd., Bosera Asset Management Co., Limited, CITIC Securities Asset Management Co., Ltd., ICBC Wealth Management Co., Ltd., BOC Wealth Management Co., Ltd., and China Reform Securities Co., Ltd.

At the seminar, Mo Dewang, General Manager of China Reform Holdings Corporation Ltd., stated that the company supports technological innovation and market value management of central SOEs in the capital market through concentrated investments and by promoting M&A, deepening the active shareholder model, and establishing a central SOE index system.

Mo Dewang stated that China Reform Holdings Corporation Ltd. will deepen research on equity operation theories and innovation in models. In collaboration with the Shanghai Stock Exchange (SSE) and other professional institutions, they aim to support central SOEs in efforts for strategic emerging industries while acting as allies for the high-quality development of listed central SOEs, defenders of their value, and promoters of the reshaping of the valuation system.

Yuan Duoran, a member of the Party Committee of the SSE, stated that in recent years, the SSE has collaborated with China Reform Holdings Corporation Ltd. to build an index-based investment market centered on "listed companies—indices—index products—investors" and create an important link connecting numerous central SOEs with patient capital, yielding positive results.

"The SSE will deepen comprehensive cooperation with China Reform Holdings Corporation Ltd. and, through systematic measures, encourage all market participants to engage in the value investment of central SOEs, and serve the development of a strong financial nation and the real economy," said Yuan Duoran. (Reporters/Liu Yujia and Wang Xi)

The above information is provided for reference purposes only and does not constitute investment advice.