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The State-owned Assets Supervision and Administration Commission of the State Council: unswervingly strengthen, optimize, and expand state-owned capital and state-owned enterprises.
The 2025 Issue 6 of the "Seeking Truth" magazine published a signed article by the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council titled "Unwaveringly Strengthening, Optimizing and Expanding State-owned Capital and State-owned Enterprises."
Hong Kong stocks activity | The transfer of AMC equity helps enhance Business competitiveness. CHINA CINDA (01359) rose over 8% in the afternoon, and CITIC Financial Assets (02799) rose over 7%.
AMC Concept stocks rose in the afternoon. As of the report, CHINA CINDA (01359) increased by 5.83%, trading at HKD 1.28; CITIC Financial Assets (02799) rose by 5.13%, trading at HKD 0.82.
CHINA CINDA (01359.HK) plans to hold a Board of Directors meeting on March 25 to approve the annual performance.
On March 13, Gelonghui announced that CHINA CINDA (01359.HK) will hold a Board of Directors meeting on March 25, 2025 (Tuesday) to review and approve (if deemed appropriate) the performance of the company and its subsidiaries for the year ending December 31, 2024, and its release, consider the distribution of a final dividend (if any), and address any other matters.
NOTIFICATION OF BOARD MEETING
Express News | Cinda Real Estate: Wholly-owned subsidiary Cinda Yuelife participates in the establishment of a partnership.
The mainland will expand the scope of financial Assets investment company Private Equity to the provinces where the pilot cities are located.
The National Financial Supervisory Administration issued a notice on further expanding the pilot program for equity investments by financial asset investment companies, proposing to extend the scope of equity investments by these companies to the provinces where the pilot cities are located. It clarifies that relevant Funds can conduct equity investments within the provinces where the pilot cities are located, which is beneficial for expanding the project support scope of Funds, attracting more social capital to participate in Fund fundraising, reducing operational costs of Funds, and enhancing operational efficiency. The notice supports eligible Banks in establishing financial asset investment companies. Currently, five large commercial Banks have established financial asset investment companies through the pilot program, exploring finance.