Zhongshan Private Listed Company Development Fund (ZSPLCDF) has recently acquired 2% equity of Broad-Ocean Motor Co, with a total amount of 184 million yuan, becoming an important strategic shareholder of this private listed company.

This mode of corporate fund purchasing equity through the secondary market was the first of its kind in Zhongshan, opening up a new mode of private equity fund investment, which not only enhances the strength of regional financial services and financial innovation, but also helps to promote the stable development and boost private listed enterprises' confidence.

In order to mitigate the liquidity risk in the market and support the stable and healthy development of local privatel listed companies, Zhongshan Financial Investment Holding Co Ltd took the lead in the establishment of the Zhongshan Private Listed Company Development Fund. On May 17, 2019, as the fund's first implemented project, a total of 970 million yuan was transferred to Homa Appliances, for repaying debt principal and interest.