Core Viewpoint - The article highlights the role of China Great Wall Asset Management Co., Ltd. in supporting the restructuring of Beijing Huafu Engineering Co., Ltd., emphasizing the importance of cooperation between state-owned and private enterprises in promoting sustainable development along the Belt and Road Initiative [1][5]. Group 1: Company Background and Challenges - Huafu Engineering, established in 1985 as a Sino-American joint venture, faced a severe debt crisis since 2018, leading to halted projects and potential bankruptcy, affecting over 400 creditors and nearly 7 billion yuan in debts [2]. - The restructuring of Huafu is crucial not only for the company but also for the stability of the local economy and the protection of the rights of its employees [2][3]. Group 2: Role of China Great Wall Asset Management - As the largest creditor, China Great Wall Asset Management closely monitored Huafu's operations and supported its recovery efforts, facilitating communication with government bodies and potential investors [3]. - The company played a pivotal role in ensuring the stability of Huafu's operations during the restructuring process, laying the groundwork for future technological development and market expansion [3]. Group 3: Green Development Initiatives - With Huafu back on track, China Great Wall Asset Management, as its second-largest shareholder, is focused on promoting green development through effective corporate governance and support for environmentally friendly technologies [4]. - Huafu's strengths lie in its advanced biodegradable plastic technology (PBAT) and phosphogypsum utilization technology, which contribute to environmental sustainability and economic benefits [4]. Group 4: Cooperation Between State-Owned and Private Enterprises - The collaboration between China Great Wall Asset Management and Huafu exemplifies the synergy of state-owned financial strength and private sector technical expertise, enabling both parties to explore overseas markets effectively [5]. - This partnership reflects the broader strategy of integrating finance, technology, and industry to support the restructuring of troubled enterprises and enhance their competitiveness in the global market [5].
中国长城资产支持民企重获新生