China Chengtong and China Guoxin also announced at the same time: firmly optimistic, increase holdings of A-shares

Golden Finance News reported that on July 19, two major state-owned capital operation companies simultaneously announced the previous night that they are firmly optimistic about China’s capital market and will increase their holdings of A-shares.

China Guoxin Co., Ltd. said in its announcement that the company is firmly optimistic about the development prospects of China’s capital market, and firmly supports science and technology innovation and high-quality development by central government-owned enterprises. Relevant entities under its banner, Guoxin Investment Co., Ltd., have already used special-purpose stock repurchase and increase-holding loans and supporting funds of over 50 billion yuan to help maintain market stability. In the future, the company will continue to make good and full use of the policy tool of re-lending for stock buybacks, supported by its own capital, to further increase its holdings of shares of central government-owned enterprises. The company will resolutely safeguard the strategic value of the core assets of the capital market and resolutely maintain the stable and healthy operation of the capital market.

At the same time, China Cinda announced that recently, the company and its affiliated entities, including Chengtong Capital and Chengyang Investment, have focused on large-scale increases in holdings of China’s stock assets by state-owned central government-owned enterprises. Cumulatively, they have bought nearly 10 billion yuan worth of shares. China Cinda said it is firmly optimistic about China’s economy and the prospects of China’s capital market. Going forward, it will continue to use its own funds and large-scale stock repurchase and increase-holding relending loans to significantly increase holdings of shares of state-owned central government-owned enterprises and technology companies, as well as ETFs, to do everything possible to maintain the steady operation of the capital market.