Cailianpress｜Shanghai's Three Major State-owned Platforms Follow "National Team" in Backing China's Capital Markets

Translated from Cailianpress

Following commitments from the "National Team", Shanghai's three major state-owned capital platforms have also issued statements expressing firm confidence in the long-term prospects of China's capital markets. Shanghai State-owned Capital Investment Co., Ltd. stated that it will firmly hold equity in strategic shareholding institutions and listed companies, fully leverage its functions as a state-owned capital investment and operation company, focus on "fund management + innovation incubation", and maintain listed companies' value through promoting CVC, M&A funds, and transformation of scientific and technological achievements with listed companies. It will steadfastly serve as long-term capital, patient capital, and strategic capital. Shanghai International Group said it will remain long-term bullish and firmly holds shares in strategic shareholding institutions and listed companies, actively promote value enhancement, value creation, and value maintenance of listed companies, effectively fulfill its core functions of "financial holding + market capitalization management", and strongly support the high-quality development of listed companies. Shanghai Guosheng Group announced it will increase holdings in Shanghai SOE ETFs and stocks of Shanghai local state-owned enterprises. Subsequently, it will further leverage its functions as a state-owned capital operation platform, resolutely maintain stable operation of the capital market, serve as long-term capital, patient capital, and strategic capital, and strongly support the high-quality development of listed companies.

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