in the capital market, serving the real economy has always been regarded as the top priority of investment. investment should not only be for the purpose of earning returns, but also shoulder the important mission of promoting steady and rapid economic growth. with the overall slowing of domestic economic growth, large and medium-sized state-owned enterprises are duty-bound to become the main force driving economic development. at the same time, state-owned enterprises are facing varying degrees of capital shortage. icg has made outstanding achievements in resolving corporate financing difficulties. in the whole of last year alone, the group's business sectors comprehensively deepened the investment layout, with a total investment of 105.6 billion yuan, including a total investment of 66.58 billion yuan in creditor's rights, involving 109 investment projects. in view of its important role in solving the financing problems of large and medium-sized state-owned enterprises and listed companies, icg was awarded the "most valuable investment institution of the year" award at the second annual global wealth finance conference.
on may 28, the second annual global wealth finance conference was held as scheduled in shanghai. it also became the first major summit in the financial investment sector after the domestic epidemic stabilized. more than 100 well-known domestic large and medium-sized investment institutions, including icg, were invited to this annual meeting. aaron wang, president of the group, attended and accepted the award as a special guest. behind this honor is the high recognition and encouragement for icg's pragmatic and in-depth work in the past year. at the same time, it is also a recognition and award for enterprises to fulfill their social responsibilities.
in the keynote speech session, aaron wang, president of icg, delivered a 20-minute keynote speech on how to boost the development vitality of state-owned enterprises through capital power. aaron wang, president of icg, pointed out that state-owned enterprises are the "leader" in promoting national economic development, and supporting state-owned enterprises to reduce debt and increase efficiency has always been the fundamental operation tenet of icg. at present, domestic enterprises have resumed work and production, speeding up the pace of economic recovery. however, the vast majority of enterprises are faced with the sharp contradiction of shortage of working capital. at this time, it is imperative to guide low-cost capital into the real economy through the power of capital. icg has accumulated a whole set of experience in financing implementation for state-owned enterprises and listed companies through years of in-depth development in the investment field. in order to meet the financing needs of enterprises at different scales and stages of development, icg provides policy-based and diversified financial solutions. at the same time, we will expand the scope of investment to many strategic emerging industries, such as great health, energy, science and technology, civil-military integration, culture, film and television. we will effectively help enterprises reduce their debts and rescue them from financial problems. by establishing solid cooperative relations, we will continue to inject working capital and medium - and long-term capital into enterprises, help them put their existing assets to good use and optimize their debt structure. ultimately, it will boost confidence in development and guide enterprises to return to a benign operation track.
the value of investment institutions is not only their own profitability, but also how much investment contributes to the enterprise and social and economic development. icg will also pay close attention to the financing needs of domestic enterprises, constantly enrich financing channels, so that more chinese enterprises can benefit from high-quality capital and make a modest contribution to economic recovery.