on december 20, 2020, the china 2020 economic summit forum and the 18th annual meeting of chinese economic figures was held in beijing. hosted by the asia economic development association of china, global times and china economic news network, the forum, focusing on the revitalization of enterprises after the epidemic, comprehensively discussed and interpreted the innovation-driven strategy of chinese enterprises and helped transform and upgrade the chinese economy.
with the theme of "new technology, new power, new model", this forum brings together over 300 well-known domestic economists, financial experts and scholars, and senior executives of large and medium-sized investment institutions to discuss china's economic development trend in the new era. at present, china is gradually building a new pattern of double-cycle development, and "one belt and one road" has become an important bridge connecting domestic and foreign economic cycles. in the face of the complex and changeable financial situation, efficient and smooth financing is an important support for the construction of one belt and one road. in view of icg's outstanding contribution in the "one belt, one road" financial services, the organizing committee awarded the "one belt, one road" drf investment institution with the most rescue function in the new era, and the president aaron wang was named as the "one belt, one road" outstanding economic figure in the new era.
according to the expert evaluation of the organizing committee, icg has been deeply engaged in debt investment and equity investment for many years, and drf asset management is the core business of its debt investment. at the same time in the field of equity investment, the depth of the icg layout is the primary market big health industry investment, screening the level half market quality enterprises to participate in the purchase and the placement of all fields, and in the secondary market for securities investment and meet the needs in various stages of development of the equity financing, financing for the enterprise to bail out play a strong supporting role.
in 2020, global economic and trade activities will contract sharply, financial cooperation and financing will be impacted to a certain extent, financing channels of enterprises will be blocked, and debt pressure will continue to increase. based on the urgent financing demands of enterprises, icg takes debt reduction financing (drf) asset management plan as the core and actively guides high-quality capital to invest in large state-owned enterprises and listed companies, and invest in financing enterprises in the form of creditor's rights. increased the cost of financing, debt default rate at present, problems such as the building drf tube can provide enterprises with joint factoring, joint tenancy, increase endowment spread, debts into shares, spv project financing and reits six kinds of financing, real estate investment trust funds can revitalize the enterprise assets, promoting the value of enterprise assets, and to optimize the debt structure, enhance the vitality of enterprise development and profitability, to achieve dual goals of debt reduction and financing.
compared with other financing modes, the diversified and flexible portfolio financing schemes of china construction drf asset management conform to the differentiated needs of different enterprises for debt reduction financing and pay more attention to the capital supply for medium and long-term development of enterprises. through diversified financing schemes, icg helps enterprises to enter the international market with more favorable capital costs, reduce corporate debt ratio while reasonably introducing low-cost capital, effectively improve the utilization rate of capital, prevent and defuse debt risks, and help enterprises to enter the track of rapid development.
it is reported that the major shareholder of icg is the national one belt and one road basic industry investment co., ltd. (namely "one belt and one road" industrial fund), which shows that the group's development has always been closely linked with the "one belt and one road" strategy. under the new double-cycle development pattern, icg has made every effort to promote the launch of "one belt and one road" industrial funds, to help enterprises out of the dilemma of difficult and expensive financing, to ensure the smooth flow of domestic and international economic cycles, and to promote the high-quality and sustainable development of the chinese economy. in 2019, icg's business sectors invested a total of 105.6 billion yuan, including 66.58 billion yuan in creditor's rights, involving 109 investment projects. in 2020, the total investment in various business sectors of the group has reached 159.65 billion yuan, including 96.58 billion yuan in creditor's rights, involving a total of 165 investment projects.
in the situation of global economic growth slowing down significantly, diversified and customized financing mode represented by china construction drf asset management has become an important way to solve the financial and debt problems of enterprises. only by meeting the diversified financial needs of enterprises and improving the quality of financial services can we promote the balanced development of the real economy and finance, build a new pattern of domestic and international double-cycle development, and promote the steady and long-term development of the chinese economy in the new era.