China CP Finance A (02799) and China Cinda (01359) both rose in the afternoon. As of the time of writing, China CP Finance A rose by 22.39% to HK$0.82; China Cinda (01359) rose by 23.08% to HK$1.92.
According to the Securities Times app, China CP Finance A (02799) and China Cinda (01359) saw a collective increase in the afternoon. As of the time of writing, China CP Finance A rose by 22.39% to HK$0.82; China Cinda (01359) rose by 23.08% to HK$1.92.
On the news front, on September 24, the China Banking and Insurance Regulatory Commission stated at a press conference at the State Council Information Office that it will expand the pilot program for bank's equity investments. Subsequently, they issued the "Notice on Expanding the Pilot Program of Equity Investment by Financial Asset Management Companies" and the "Notice on Expanding the Pilot Program Scope of Equity Investments by Financial Asset Management Companies". It is known that Financial Asset Investment Companies, abbreviated as Financial AIC, are non-bank financial institutions approved by the State Council's banking regulatory authority to operate in China, mainly engaged in bank debt-to-equity swaps and related support services.
China Securities Co., Ltd. believes that AIC will become important patient capital in the technology finance market. On one hand, utilizing its extensive customer base, vast network, and comprehensive licensing resources, it provides comprehensive financial services including equity and debt financing to technology-oriented enterprises. On the other hand, AIC places more emphasis on the industry value, growth potential, and technological innovation capabilities of enterprises. It can provide long-term stable financial support, participate in corporate governance, and achieve high-quality stable operations.