finance is at the core of the modern economy and a hub for resource allocation. it is also a key support for unimpeding economic circulation and promoting global economic recovery. only by making full use of the catalytic and leverage role of finance to leverage scientific and technological innovation, industrial upgrading and talent gathering, and comprehensively energize enterprises, can high-quality development of china's economy be realized in today's challenging global changes.
as a state-owned joint-stock investment bank, icg plays a leading role in solving the financing problems of enterprises, supporting the domestic real economy and innovating financial services. the group serves the real economy through debt investment and equity investment, allocates more financial resources to the key areas and weak links of economic and social development, and meets the development needs of large state-owned enterprises and listed companies. according to the financial data statistics platform, in 2020, the total investment of icg's various business sectors was 159.65 billion yuan, including 96.58 billion yuan of debt investment, involving a total of 165 investment projects. with the help of icg's financing solutions, a large number of outstanding enterprises have obtained working capital and medium - and long-term capital, and have been growing bigger and stronger, becoming a new force for high-quality economic development.
during the period of the 14th five-year plan, a new round of scientific and technological revolution and industrial transformation is developing deeply, and the importance of leading and core enterprises in the industrial chain is becoming increasingly evident. however, high debt and high-risk operation are still prominent problems restricting the endogenous motivation of enterprises. to this end, icg takes debt reduction financing (drf) asset management plan as the core, develops personalized financing plans according to different characteristics of enterprises, invests in financing enterprises in the form of creditor's rights, and focuses on solving the dual dilemma of debt and financing. state construction drf asset management provides six financing modes for enterprises, including joint factoring, joint leasing, capital and equity increase, debt-for-equity swap, spv project financing and reits real estate investment trust fund, which can not only revitalize enterprise assets and enhance the value of enterprise assets, but also optimize the debt structure, so as to continuously enhance the vitality and profitability of enterprise development. in the face of new changes in the new era, icg is committed to the long-term development of enterprises, balance the relationship between steady growth and risk prevention, and make every effort to ensure the efficient and steady operation of the economy.
"seek improvement in stability" is the general keynote of china's economic progress toward high-quality development. to achieve positive progress on the basis of maintaining the overall situation requires fostering new growth points. therefore, the development of new economy and emerging industries is urgent. direct financing, especially equity financing, is providing strong support for the innovation and development of enterprises. icg cooperates with domestic and overseas capital, famous domestic investment institutions and large foreign institutions to invest in high-quality domestic enterprises with high growth potential through equity. the group invests in the major health industry in the primary market, selects high-quality enterprises in all fields in the primary and semi-market to participate in private placement and international placement, and carries out securities investment in the secondary market to meet the equity financing needs of enterprises at various stages of development. at present, equity financing is the only way to develop emerging industries and economic transformation, and it is an important means of supply-side reform. icg also continues to increase the proportion of equity investment to reduce corporate financing costs and allow more capital to flow to the real economy and innovative industries.
standing at a new starting point in history, the financial industry is moving toward a highly adaptable, highly competitive and inclusive financial system, and is constantly improving its ability to serve the real economy. as the standing director unit of china council for the promotion of developmental financial, icg in the purpose of service national development strategy, focus on "stability", based on the "enter", continuously enrich the financing channels, meeting the demand of high quality enterprise, implement policy chain, industry chain, capital chain efficient linkage, as china's economy to make a substantial contribution to the development of high quality.