China Beijing Equity Exchange Has Witnessed Transaction Amount of over RMB50 Billion for Capital Increase and Stock Expansion
Since the promulgation of Measures for the Supervision and Administration of Enterprise Transaction of State-Owned Assets on July 1, 2016 (Order No. 32 of SASAC of the State Council and Ministry of Finance), China Beijing Equity Exchange actively gives capital market functions into full play, and harvests remarkable achievements in capital increase and stockholding expansion. Up to now, 91 capital increase projects are listed, the proposed capital increase amounts total RMB111.307 billion, 46 capital increase projects are completed in China Beijing Equity Exchange, which raise funds of RMB57.201 billion for enterprises. Among them, capital increase project of China Merchants Huajian Highway Investment Co., Ltd is the first central enterprise capital increase project listed in domestic property market since the promulgation of Order No. 32 of SASAC of the State Council and Ministry of Finance.
At present, China Beijing Equity Exchange has become an important platform for enterprise financing. Through public listing and capital increase in China Beijing Equity Exchange, many needs of enterprises are satisfied, such as increase in operating capital, expansion of production scale, optimization of shareholder structure and introduction of strategic venture partners. Many enterprises not only introduce external shareholders, but also introduce advanced technology and management philosophy, tap into new market space, and strengthen the strategic coordination between state-owned shareholders and other shareholders. China Beijing Equity Exchange will continue to take a variety of measures to impel capital increase business for enterprises, further enhance financing function of property market, and fully seek after the maximum value of corporate equity.