over 100 million market entities constitute an important foundation for china's economic development. in 2020, in the face of unprecedented shocks, the government implemented a series of rescue policies for enterprises around market entities, and many enterprises showed strong resilience and stabilized the overall economic fundamentals. since the beginning of this year, the economy has picked up steadily, but enterprises still need policy support for their development. according to this year's government work report, we will continue to provide assistance to market entities through macro policies, maintain necessary support, and further consolidate the fundamentals of the economy. as a state-owned joint-stock investment bank, icg adheres to the mission of "taking national construction as its own responsibility", and provides professional, high-quality and stable financial services to continuously provide solid guarantee for enterprises to relieve pressure and overcome difficulties.
icg focuses on the financing needs of large state-owned enterprises and listed companies, and serves the real economy through debt investment and equity investment. its subsidiaries include guojianruiyuan construction co., ltd., shanghai guojianyehua investment management co., ltd., and tianjin guojiandayou investment management co., ltd., which are responsible for specific businesses. in the context of the national policy of supporting the resumption of work and production and assisting enterprises and bailouts, the total investment of icg in 2020 reached 159.65 billion yuan, including 96.58 billion yuan of debt investment, involving 165 investment projects.
what enterprises need is met by the state construction. in view of the common problems of high debt ratio and rising operating risk of enterprises, 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 strives to solve the double 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. as the chinese economy enters the stage of sustained and stable recovery in 2021, there is a strong demand for enterprises to reduce the asset-liability ratio and maintain a sound financial structure. more and more enterprises take the state construction drf asset management as the preferred solution for debt reduction and rescue.
in this year's government work report, important signals are released for the equity market: the reform of registration system, the normalization of delisting mechanism, the reform of the new third board and the smooth access to listing and financing channels, etc. 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 investment has become a key force to promote scientific and technological innovation, industrial upgrading and high-quality development. in recent years, icg has also been increasing the proportion of equity investment, guiding capital to accurately and efficiently gather to more potential industries.
with the continuous improvement of the multi-level capital market system, the capital market has provided strong financing support for economic transformation and upgrading. in the 14th five-year plan period, icg will continue to focus on enterprise development, expand the coverage of financing needs of enterprises through both debt investment and equity investment, create a new ecosystem of high-quality development of enterprises, and provide strong financial support to support the steady growth of the chinese economy.