In order to further strengthen the supervision and risk prevention of financial business of central enterprises, the expanded meeting of the party committee of SASAC of the State Council held on June 3 clearly stated that central enterprises should not, in principle, establish, acquire, or newly participate in various financial institutions. Financial institutions that have relatively small effects on main business and relatively large risks should not be allowed to participate in or increase holdings. At present, state-owned enterprises have accelerated the cleanup of shareholdings in financial institutions. According to incomplete statistics, in November-December 2023, state-owned enterprises disclosed the sale of financial equity in Peking Property Rights Exchange alone for 10 transactions. Since the beginning of this year, the cleaning process has been further accelerated, with 7 transactions as of June, including large state-owned enterprises such as China CSSC, Angang Steel, Datang Group, Huadian Group, and their subsidiaries in the property rights trading platform, listing financial equity investment covering various licenses such as banking, insurance, securities and REITs. Data shows that among the 97 state-owned enterprises under the management of SASAC, more than 70 state-owned enterprises hold financial enterprises directly or indirectly. Among them, more than 40 have established financial holding platforms. (Zhongzheng Jinniu)