Group 1 - The State Administration for Market Regulation announced the establishment of a joint venture involving CICC Capital, Chengdu Environmental Investment Management Co., and Meishan State-owned Capital Investment Operation Group [2] - The joint venture will primarily engage in private equity investment in China, with ownership stakes of 1.8% for CICC Capital, 40% for Chengdu Environmental Investment, and 48.2% for Meishan State-owned Capital [2] - Meishan State-owned Capital, established in November 1998, focuses on state asset investment and operates in sectors such as water management and urban construction, with a registered capital of 3 billion yuan [2] Group 2 - Meishan State-owned Capital has nearly 4,000 employees and total assets of 56.1 billion yuan, with a net asset value of 26.7 billion yuan [3] - The group operates through a structure of 1 parent company, 8 secondary enterprises, and 23 tertiary enterprises, covering various sectors including infrastructure, public transport, and environmental management [3] - The second largest shareholder, Chengdu Environmental Investment, was established on January 3, 2023, and focuses on investment and management, ultimately controlled by Chengdu Environmental Investment Group [3] Group 3 - Chengdu Environmental Investment operates over 125 subsidiaries and has total assets exceeding 94 billion yuan, focusing on water and environmental projects across multiple provinces [3][4] - The group is recognized for its leading position in the western region and ranks among the top in the country, with a water supply and drainage capacity nearing 10 million tons per day [4] - The group has achieved the highest AAA credit rating in the country and controls a listed company, Xingrong Environment, utilizing various financial instruments to enhance capital operations [5]