On June 3rd, CPIC officially launched the CPIC Strategic Emerging M&A Fund and Private Securities Investment Fund, with a total scale of 50 billion yuan. Wu Wei, a member of the Standing Committee of the Shanghai Municipal Committee of the Communist Party of China and executive vice mayor, attended the ceremony.
The Taibao Strategic Emerging Industries M&A Private Equity Fund (provisional name) has a target scale of 30 billion yuan, with an initial scale of 10 billion yuan. It focuses on key areas of Shanghai’s state-owned assets and state-owned enterprises reform and the construction of a modern industrial system, promoting the accelerated development of Shanghai’s strategic emerging industries and the strengthening and supplementation of key industrial chains. It aims to build a Shanghai state-owned assets innovation and transformation ecosystem characterized by “long-term capital + merger and acquisition integration + resource synergy.”
The Taibao Zhiyuan No.1 Private Securities Investment Fund (provisional name) has a target scale of 20 billion yuan. It aims to respond to the national call of “expanding the reform pilot program for insurance institutions to establish private securities investment funds,” actively practice long-termism, leverage the advantage of patient capital, improve the long-term equity asset allocation system, and focus on the core investment strategy of dividend value. It is designed to contribute to the sustained and healthy development of the capital market.
Financial System in Shanghai
Promoting the Integration of Asset Management and Innovation: A symposium themed “Promoting the Deep Integration of Asset Management and Science and Technology Innovation Industries to Facilitate the Construction of Shanghai as an International Financial Center” was held in Shanghai. Participants engaged in in-depth discussions on the current situation and challenges of Shanghai’s international financial center and asset management center. Representatives from science and technology innovation enterprises and asset management institutions shared their expectations and demands for financial support, policy assistance, and financial services.
First Batch of Loans Under New Policy: The People’s Bank of China has established a 500 billion yuan re-lending facility for service consumption and elderly care. The Shanghai Head Office of the People’s Bank of China promptly conveyed and interpreted the policy spirit, guiding financial institutions to increase loan disbursements in relevant fields. Financial institutions within its jurisdiction have accelerated the implementation and effectiveness of policy tools.
First Cross-border Financial Platform
Exchange Rate Hedging Business: The Shanghai Branch of the State Administration of Foreign Exchange upgraded the enterprise exchange rate risk management service function of the cross-border financial service platform. On June 3rd, the Shanghai Branch of Agricultural Bank of China handled its first exchange rate hedging business through this platform, marking a significant practice in empowering enterprises with exchange rate risk management and serving the real economy through financial technology.
First Batch of Corporate Bonds Issued by Shanghai Stock Exchange: The Shanghai Stock Exchange issued the “Notice on Matters Concerning the Pilot Program for the Renewal Issuance of Corporate Bonds and the Expansion of Asset-Backed Securities,” officially launching the renewal issuance of corporate bonds. The notice provides detailed arrangements for secondary issuance, material preparation, issuance and listing processes, intermediary responsibilities, and market-making mechanisms, offering clear guidance for market entities.
First Non-repayment Loan Renewal in Shanghai: Shanghai Rural Commercial Bank successfully launched the first non-repayment loan renewal business under the city’s entrepreneurship guarantee loan, providing a 3 million yuan loan renewal for a small and micro enterprise specializing in the research and development of rare disease drugs, effectively solving the loan renewal problem for start-up enterprises.
Supporting Maiden Voyage of Super-large Automotive Roll-on/Roll-off Ship: The world’s largest car roll-on/roll-off ship, financed by the Shanghai Branch of the Export-Import Bank of China, was officially launched and named “Anji Ansheng.” This support is a significant measure to fulfill the mission of policy-based finance and serve the construction of the Shanghai shipping center.
Policy Promotion and Financing Matching Event: The Finance Bureau of Fengxian District, in collaboration with multiple financial institutions and functional departments, held a policy promotion and financing matching event titled “Multi-dimensional Empowerment for Stabilizing Foreign Trade, Financial Escort for Promoting Development.” The event featured interpretations of fiscal and financial support policies, high-value patent support policies, enterprise management incentives, talent and innovation rewards, and trademark brand empowerment for overseas market expansion.
Central Financial Regulatory Department
Public Consultation on Management of Seriously Untrustworthy Entities: The National Financial Supervision and Administration Commission has drafted the “Interim Provisions on the Management of the List of Seriously Untrustworthy Entities (Draft for Public Comment)” to improve the social credit system and regulatory system. The draft is open for public comments until July 5, 2025.
2025 Publicity Month for Preventing Illegal Financial Activities: The Inter-ministerial Joint Conference on Preventing and Combating Illegal Financial Activities will organize a nationwide publicity month in June 2025, with a concentrated publicity day on June 15. Activities will focus on high-risk areas and key susceptible groups to enhance public awareness and ability to prevent illegal financial activities.
Risk Warning
“The Temptation of Renting a House” – An exhibition of outstanding publicity works on preventing and combating illegal financial activities in 2024. The work submitted by the Shanghai Branch of China Minsheng Bank introduces how fraudsters contact landlords under the pretext of house rental, falsely claim insider information, and induce landlords to invest online to commit fraud. It guides the public to identify risks, establish a rational view of financial consumption and investment, and enhance their ability to prevent financial risks, staying away from illegal financial activities.
Related Topics:
