365 billion yuan! State Grid Xinyuan Holdings Co., Ltd. signed a capital increase project.

On July 23rd, State Grid Xinyuan Holdings Co., Ltd. successfully signed a contract for the capital increase and expansion project at the Beijing Property Exchange. The capital increase scale is 36.5 billion yuan, creating the largest cash fundraising scale in the history of state-owned asset trading. This is of great significance to promote high-quality development of pumped storage energy, accelerate the construction of a new type of power system, and help stabilize economic growth. This capital increase and expansion project has received high attention and positive response from investors. After public listing, the investors were ultimately determined to be large centrally-owned enterprises and financial institutions with broad influence and strong capital strength, including China Petroleum, China Reinsurance, Wanxiang Group, Agricultural Bank Investment, Bank of Communications Investment, Bank of China Asset Management, China CITIC Financial Assets, Taiping Life Insurance, Wanxiang Capital, and Sichuan Investment.