CMIG was unveiled in Shanghai on 21 August: Wang Qinmin,Quan Zhezhu,Yang Xiong attended

On 21 August2014, sponsored by the All-China Federation of Industry and Commerce (“ACFIC”), approved by the State Council, China Minsheng Investment Co., Ltd., established by the capital investment from 59 well-known domestic private enterprises, was officially unveiled in the Shanghai Bund International Square.

Attendees of the CMIG’s official unveiling included, Vice-Chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) and Chairman of the All-China Federation of Industry and Commerce (ACFIC) Wang Qinmin; Vice-Minister of the United Front Work Department of the CPC Central Committee, ACFIC Executive Chairman, ACFIC CPC Committee Secretary and Vice-Chairman of the All-China General Chamber of Industry and Commerce Quan Zhezhu; Mayor of the Shanghai Municipal Yang Xiong; CPC Shanghai Municipal Committee, Vice-Mayor Tu Guangshao.

In the spirit of the 18th National Congress of the CPC and the Third Plenary Session of the eighteen, the role to further develop the market, facilitate the transformation and advancement of medium and small micro-enterprises, promote the healthy development of the private sectors of the economy, and with the support of the ACFIC, on March of 2014, the State Council approved the establishment of CMIG as a national private investment company. On 9 May, CMIG was registered in Shanghai, with registered capital of 50 billion yuan. Shareholders are large domestic private enterprises, equal equity participation or holding a number of listed companies, involved in equipment manufacturing, metallurgy, information technology, asset management, environmental protection, new energy, electricity, electronic commerce and other fields, enterprises with total assets of nearly a trillion yuan.

Chairman Wang Qinmin pointed out in his speech that 18 years ago, the ACFIC took the lead in the formation of China's first private bank--China Minsheng Bank that contributed in blazing a new way for China's financial system reform. Today, the ACFIC is again taking the lead in the formation of CMIG, in the spirit of the specific initiatives of the 18th National Congress of the CPC and the Third Plenary Session of the eighteen, in line with the inevitable outcome of the developing trend of private economy, fully reflecting ACFIC’s response to numerous private enterprises development goals, and reflecting the numerous privately-owned enterprise restructuring and advancement to serve national strategy.

CMIG is currently China’s largest private capital investment company composed of completely private capital, the only private investment company with "China" as a prefix, and CMIG’s establishment is a landmark event in the development of China’s private economy. To guide the healthy development of the private economy, fully stimulate the endogenous sources of private capital and energy, with important practical significance and far-reaching influence, is a good thing for the gain of the country, business and people. CMIG is already standing at the starting line. “We hope the company can take the opportunity to comprehensively deepen reform and adhere to the spirit of the specific initiatives of the 18th National Congress of the CPC and the Third Plenary Session of the eighteen, serve the country’s development strategy, be active in business model innovation, establish new ideas, display new look, create new performance, effectively promote the realization of scientific development and make new contributions to promote China’s economic social development.”

CMIG’s establishment coincides not only with bold innovation and development in non-public sectors, but also fully shows private enterprise assuming China’s economic transformation and advancement, and private enterprise will become an indispensable force in China’s innovation-driven development strategy. “We hope that CMIG will be able to shoulder the heavy responsibility of experimental reform of non-State owned enterprises, strive to become an international standard for large investment groups and become the leader of China's private capital investment to support domestic private enterprise grow bigger and stronger.”

Chairman of CMIG expressed in his speech the 18th National Congress of the CPC ushered in a new era in the development of the private economy. The ACFIC’s establishment of CMIG and large-scale private investment companies, the next major initiative after the establishment of Minsheng Bank, has landmark significance on private economic development. CMIG is a new experiment for the economy as a whole and especially the private economy. CMIG will seize the best opportunities, develop a professional investment company concentrating capital and gathering superior talent, actively serve the national strategies, promote economic restructuring and industrial advancement. As the ACFIC initiated the establishment of the first private investment company, we will always be committed to leading private capital investment, amass private capital and utilize the best investment vehicle. We will adhere to the organic unity of community value and corporate value, practice social responsibility, concurrently promote restructuring and advancement, and realize the maximization of corporate value and investor interest.