China CITIC Financial Assets invests 2 billion yuan in strategic partnership with Sichuan Coal Group

Shanghai Securities News China Securities Network News (Reporter Ma Man) According to China CITIC Financial Assets, recently, China CITIC Financial Assets Sichuan Branch officially signed an investment agreement with Sichuan Coal Industry Group Co., Ltd. (hereinafter referred to as “Sichuan Coal Group”). China CITIC Financial Assets Sichuan Branch injected 2 billion yuan of long-term equity capital to support the development of Sichuan Coal Group.

China CITIC Financial Assets stated that this cooperation is a vivid practice of CITIC Financial Assets fully leveraging its role as a state-owned financial asset management company to countercyclical regulation and provide rescue financial services. It is also a key move to empower local energy state-owned enterprises through the deep integration of “industry + capital,” helping them transform and upgrade, and safeguarding national energy security. This injects strong CITIC momentum into the high-quality development of the energy industry in the Sichuan-Chongqing region.

As the largest coal enterprise in the Sichuan-Chongqing area, Sichuan Coal Group has long been responsible for supplying 80% of the electric coal during the dry season and holidays, serving as the “ballast” for regional energy supply. However, affected by cyclical fluctuations in the coal industry and accumulated historical burdens, the company faces difficulties such as high debt pressure and limited financing channels. Even with core coal mining technologies and a mission to ensure people’s livelihood, it struggles to advance intelligent transformation and diversified industrial development.

In response, China CITIC Financial Assets Sichuan Branch has innovated an equity cooperation model, tailoring a systematic solution of “equity investment + comprehensive financial services” for Sichuan Coal Group, giving this veteran energy state-owned enterprise a new opportunity to lighten its burden and rejuvenate.

At the signing ceremony, the head of China CITIC Financial Assets Sichuan Branch said: “As a national team that resolves financial risks and serves the real economy, CITIC Financial Assets actively fills gaps and provides precise support at critical points in the development of the real economy. The implementation of this 2 billion yuan strategic investment is a concrete action for us to leverage countercyclical regulation and empower struggling state-owned enterprises with patient capital.”