Guangdong has established an AI and Machinery industry investment Fund with a total scale of 10 billion yuan.

The state-owned wholly-owned company Hengjian Holdings, the Guangdong branch of the Industrial And Commercial Bank Of China (01398.HK)(601398.SH), and ICBC Financial Asset Investment signed a contract yesterday (16th) to jointly promote the establishment of an investment fund focused on AI and Machinery with a total scale of 10 billion yuan. The three parties will use this fund to primarily support key core areas of the AI and Machinery Industry Chain in Guangdong Province, emphasizing early investment, small investments, long-term investments, and hard Technology, to help Guangdong build a 'Global AI and Machinery Industry Innovation High Ground,' and to support Guangdong in forging advanced manufacturing capabilities. This fund is under the national...

AASTOCKSMar 17 13:40

In-depth | New policies for loans to technology enterprises for mergers and acquisitions have been implemented for half a month, and national Banks are "competing" for publicly listed companies that are Specialized, Special and New, while city commercial

① Less than two weeks after the new policy implementation, some large state-owned banks and joint-stock banks have already responded. In most cases, the businesses receiving credit loans have both the labels of listed companies (or potential listings) and Specialized, Special and New. ② Compared to the steady advancement of large state-owned banks and joint-stock banks, the actions of city commercial banks are currently noticeably slower. ③ Technology merger and acquisition loans inherently have limitations and are suitable for regions with many technology companies and strong innovation capabilities, such as Beijing, Shanghai, and Guangzhou.

cls.cnMar 17 13:31

In the report from the major bank, it is stated that the uncertain macroeconomic conditions will continue to attract funds due to the stability of bank stocks and their dividends.

CICC published a report stating that considering the uncertainty of the macroeconomic situation, the stable dividends of bank stocks are likely to continue attracting funds. The bank pointed out that from the end of December last year to January 27 this year, before the Chinese New Year, the Wind A-share banking stock index rose by 1.3%, outperforming the CSI 300 Index by 4.3 percentage points; the Hang Seng China Mainland Banking index rose by 2%, outperforming the Hang Seng Index by 1.3 percentage points. However, from January 28 to last Thursday (March 13) after the Chinese Lunar New Year, the Wind A-share banking stock index rose by 0.3%, underperforming the CSI 300 Index by 2.2 percentage points; the Hang Seng China Mainland Banking index rose by 8.6%, underperforming the Hang Seng Index by 7.6 percentage points.

AASTOCKSMar 17 11:08

Express News | The "post-75" president of Wuhan Rural Commercial Bank, Zhou Yuping, is proposed to become the chairman of the city-managed financial enterprise.

BreakingsMar 16 15:38

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."

cls.cnMar 16 12:30

Express News | With a scale of 1 billion yuan, Fund initiated the establishment of the first batch of AIC Fund in Sichuan Province.

BreakingsMar 14 18:39