2021 is the first year of the 14th five year plan. china's economy has continued to adjust its structure in the new normal, maintained medium to high-speed and stable growth, and continues to become one of the main driving forces of global economic development. in this process, the volume of chinese enterprises has increased rapidly, and their voice in the world economy and industry has been strengthened. at the same time, they have deeply participated in international competition, shaped the upgrading of global industrial chain, and led business model and technological innovation. the rapid development of chinese enterprises is inseparable from the strong support of financial capital for the real economy. by strengthening the ability of resource integration, asset restructuring and capital operation, chinese enterprises have further stimulated their development vitality and effectively promoted the strong growth of china's economy.
as a state-owned joint-stock investment group, the state construction group always takes serving the national top-level strategy as the development concept implemented by the group. in the process of fully enabling the high-quality development of chinese enterprises, the state construction group has deeply cultivated the two business sectors of debt investment and equity investment, fully relied on its professional and resource advantages, built a diversified financial service system, and focused on investing in listed companies, domestic enterprises directly under the central government, local large state-owned enterprises, large private or joint-stock enterprises, help enterprises reform and innovate and achieve high-quality development. according to the statistics of the third-party authority, in 2019, the total investment of each business segment of the state construction group was 105.6 billion yuan, including 66.58 billion yuan of debt investment and 109 investment projects. in 2020, the total investment of each business segment was 159.65 billion yuan, including 96.58 billion yuan of debt investment, involving 165 investment projects. in 2021, the total investment of each business segment was rmb 1998.6 billion, involving a total of 209 investment projects. according to the statistical data of recent three years, the financial support provided by china state construction group for state-owned enterprises and listed companies showed a significant leap forward growth trend.
on the road of promoting the in-depth development of the reform of state-owned enterprises, strengthening the asset liability constraints of state-owned enterprises has become an important measure to prevent and resolve debt risks. in order to effectively solve the debt pressure and capital problems of state-owned enterprises to varying degrees, the state construction group takes the debt relief financing (drf) asset management plan as the core, formulates personalized financing plans according to the different characteristics of enterprises, and invests in financing enterprises in the form of creditor's rights. sdrc drf asset management provides state-owned enterprises with three financing modes: industrial fund, joint abs and debt to equity swap (des). through precise measures, it helps enterprises to finance and rescue, promote enterprises to form a reasonable asset liability structure, orderly resolve stock debts and improve capital supplement, so as to achieve the dual effects of debt reduction and low-cost financing, it has laid a solid foundation for the high-quality development of state-owned enterprises.
in order to fully stimulate the endogenous power of enterprises, improve the diversified ownership structure, establish an efficient enterprise market-oriented management mechanism, and improve profitability, china state construction group has continuously increased the relay of enterprise equity financing business. while focusing on promoting industrial investment projects, it has actively carried out securities investment to provide all-round financial support for enterprise listing, additional issuance and asset optimization portfolio.
the 14th five year plan period is an important strategic opportunity for china's economic development. effectively enhancing the competitiveness, innovation, control, influence and anti risk ability of enterprises and continuously improving the vitality and efficiency of enterprises have become the only way for the reform and innovation of state-owned enterprises and listed companies. over the years, through the exploration and innovation of financing mode and the implementation of financing scheme, china state construction group has provided high-quality and efficient financial solutions for many state-owned enterprises and listed companies, helped enterprises forge development advantages in the new era and enabled enterprises to move towards a new journey of high-quality development.