Beijing, July 20: Two major Chinese state investment firms, China Reform Holding Corporation Limited and China Chengtong Holding Limited, announced on the night of July 19 that they are committed to continuing their purchase of shares in central enterprises, reflecting their strong confidence in the future development of China’s financial market.
China Reform Holding Corporation Limited stated that it firmly supports the scientific and technological innovation and quality development of central enterprises. Its subsidiary, Reform Investment Limited, has utilized 50 billion yuan for share repurchases to stabilize the Chinese A-share market.
Moving forward, the company plans to continue purchasing shares of central enterprises using its capital while effectively implementing its refunding policy. This strategy aims to safeguard the strategic value of central assets in the capital market and ensure stable and healthy operations.
China Chengtong also released a statement indicating that it has currently purchased approximately 10 billion yuan worth of Chinese shares. The firm expresses unwavering confidence in the future of the Chinese economy and capital market, pledging to do its utmost to ensure stable market operations.
It is noteworthy that both China Reform Holding Corporation and China Chengtong operate under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council.
(Source: China Media Group, Beijing)
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