On July 11, capital increment project of China Merchants Hua Jian Highway Investment Co., Ltd was officially quoted in China Beijing Equity Exchange, which intended to raise funds of at most 17 billion yuan (with corresponding shareholding proportion of at most 35%) within publicly quotation period of 40 working days. This is the first capital increment project of the central enterprise on equity market after Supervision and Administration Measures for Transaction for State-owned Assets of Enterprises (Order No. 32 of SASAC under the State Council and Ministry of Finance) is promulgated.
Capital Increment System of China Beijing Equity Exchange has been launched since June 30, 2016, which is the first to have access to operation monitoring system of SASAC under the State Council. Since the early 2014, China Beijing Equity Exchange has quoted and completed 23 capital increment projects of 20 central enterprises, national ministries and commissions, with the total amount of 29.1 billion yuan. China Beijing Equity Exchange boasts the industry-leading position. With continued implementation of “New Order No.3” policy, the market size is expected to further expand.
(Contributed by China Beijing Equity Exchange)