Guizhou Aluminum Group Officially Unveiled
On September 8, Guizhou Aluminum Group Co., Ltd. was officially unveiled. Guizhou Aluminum Group was renamed and reorganized from Chengqian Group under Qiansheng State-owned Assets, and is a large (Grade II) provincial state-owned enterprise. This reorganization is an important measure by the Guizhou Provincial Party Committee and Provincial Government to integrate resource elements, optimize structural layout, and promote "refined development of rich minerals" and high-quality development of the province's aluminum industry.
Guizhou Aluminum Group focuses on bauxite development and utilization, deep processing of aluminum resources, and green transportation as its main businesses. It strives to build an integrated industrial development pattern of bauxite development and utilization, supply chain trading, deep processing of aluminum resources, and green mining technology services, helping to improve the provincial aluminum industry development system and create a leading provincial aluminum enterprise.
Huang Jiazhong, Deputy Secretary of the Party Committee and Deputy Director of the Provincial State-owned Assets Supervision and Administration Commission, stated that the establishment of Guizhou Aluminum Group is an important strategic deployment by the Provincial Party Committee and Provincial Government to further deepen state-owned asset and enterprise reform, better serve the implementation of the province's "refined development of rich minerals" strategy, and assist in building a nationally important resource deep processing base.
Mao Yong, Party Committee Secretary and Chairman of Guizhou Aluminum Group, expressed that the group will focus on the development positioning of "one chain leader, one platform," serve "refined development of rich minerals," and promote the transformation of resource advantages into industrial advantages. The group will adhere to Party leadership, improve governance, deepen reform, strengthen cadre and talent support, maintain safety and environmental protection baselines, and continuously enhance core functions and core competitiveness. The group will follow the development strategy of "controlling resources, introducing intermediaries, attracting downstream," and accelerate industrial layout through "external introduction and internal cultivation" to promote chain building, extension, supplementation, and strengthening.
10 Private Enterprise Shareholders Exit Collectively, Suining Bank Becomes State-Controlled
Recently, the Sichuan Financial Regulatory Bureau approved Suining Municipal Finance Bureau's acquisition of all shares from 10 private shareholders. Currently, the bank's state-owned shareholding ratio has jumped to 86.54%, while private shareholding has plummeted from 78.04% to 13.46%, officially joining the ranks of state-controlled city commercial banks.
Suining Bank's predecessor was the urban credit cooperative established in 1986, which completed restructuring and was renamed Suining Commercial Bank in 2008. From the historical equity structure, private enterprises were once the dominant force in the bank. The 10 private shareholders that exited this time were all major shareholders, with 6 of them ranking among the top ten shareholders.
The original largest shareholder, Sichuan Chengshi Construction Engineering Group, previously held 448 million shares with a 14.92% stake. The original third-largest shareholder, Suining Fubang Industry Co., Ltd., held 344 million shares, accounting for 11.46%. Additionally, four companies including Sichuan Yuandong Industrial and Sichuan Zhengdian Film Culture also held shares as the 6th to 10th largest shareholders respectively.
Before this equity change, Suining Municipal Finance Bureau was only the 14th largest shareholder of Suining Bank with a 1.81% stake. After acquiring 1.939 billion shares, its shareholding increased to 1.994 billion shares, with the shareholding ratio soaring to 66.39%, becoming the absolute controlling shareholder of the bank.
Currently, among Suining Bank's top ten shareholders, only Sichuan Tuopai Shede Group Co., Ltd. remains as a private enterprise, maintaining its position as the second-largest shareholder with a 12.39% stake.
In terms of asset scale, as of the end of 2024, Suining Bank's total assets reached 114.218 billion yuan. By the end of the second quarter of this year, deposit balance was 88.412 billion yuan and loan balance was 78.616 billion yuan, still occupying an important position in the regional financial system.
Since 2024, the nationalization process of small and medium-sized banks in Sichuan has further accelerated. In January, Sichuan Tianfu Bank completed a 5 billion yuan capital increase, with Sichuan Shudao Investment Group Co., Ltd., a provincial state-owned enterprise, becoming the largest shareholder with a 23.35% stake, pushing the bank's state-owned equity ratio above 55%. In May, Dazhou High-tech Innovation Co., Ltd. acquired a total of 1.532 billion shares from 12 shareholders of Dazhou Bank, increasing the bank's state-owned equity ratio from 22.48% to nearly 64%.
Additionally, the state-owned shareholding ratios of institutions such as Luzhou Bank, Great Wall Huaxi Bank, and Ya'an Commercial Bank are also continuously increasing, forming a trend of equity restructuring among small and medium-sized banks throughout the province.
China Fusion Energy Co., Ltd. Increases Registered Capital from Approximately 35.31 Billion Yuan to 150 Billion Yuan
Recently, China Fusion Energy Co., Ltd. added China National Petroleum Corporation Kunlun Capital Co., Ltd., China Nuclear Power, and Zhejiang Energy Power as new shareholders. The registered capital increased from approximately 35.31 billion yuan to 150 billion yuan, an increase of about 325%.
Under the "dual carbon" strategy background, controlled nuclear fusion, as a clean, efficient, and sustainable energy solution, has received high attention from both government and enterprises. The National Energy Administration's "2025 Renewable Energy Plan" proposes "nuclear fusion as a strategic reserve technology," expecting it to contribute 10% of clean energy by 2060.
Benefiting from the dual promotion of policy and market, China's controlled nuclear fusion industry development has significantly accelerated in recent years. In March this year, China National Nuclear Corporation announced that the new generation artificial sun "China Circulation Reactor No. 3" achieved the "double hundred million degree" milestone with atomic nucleus temperature of 117 million degrees and electron temperature of 160 million degrees, with comprehensive parameters ranking among the top three globally.
This achievement marks that China's controlled nuclear fusion has officially entered the burning experiment stage, moving one step closer to engineering applications. In May, the compact fusion energy experimental device (BEST) started general assembly ahead of schedule in Hefei, planned to be completed by 2027 to verify net energy gain, and generate electricity by 2030.
State-owned Assets Sell Stakes in Two Hydrogen Energy-Related Companies
Recently, the Guizhou Public Resource Trading Cloud Network published the transfer of 15% equity in Guizhou Hydrogen Efficiency Energy Technology Co., Ltd. (State-owned Assets Supervision and Administration Commission monitoring number: G32025GZ1000028). The announcement deadline is September 11, 2025.
Information shows that the project name is 15% equity of Guizhou Hydrogen Efficiency Energy Technology Co., Ltd., with a transfer floor price of 8.0555 million yuan. The transferor is Guiyang Economic Development Zone Industrial Development Investment Holding (Group) Co., Ltd.
At the same time, Beijing Equity Exchange published listing information for 49% equity of Fujian Longzhou Haiyou New Energy Co., Ltd. The transferor is CNOOC Fujian New Energy Co., Ltd., with a transfer ratio of 49% and a listing price of 18.7309 million yuan. The company's business scope includes: refined oil wholesale; hydrogen refueling and storage facilities sales, etc.