On July 20, the Shanghai International Investment Corporation issued an article stating that it is firmly optimistic about the development prospects of China's capital market, firmly supports the key direction of the country's strategic layout, firmly holds the shares of strategic shareholding institutions and listed companies, gives full play to the role of state-owned capital investment and operation companies, and focuses on “fund management+innovation incubation”. As a long-term investor, it works with listed companies to promote the high-quality development of listed companies through CVC funds, mergers and acquisitions funds, and the incubation and transformation of scientific and technological achievements.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.