Recently, SDIC has successfully purchases China Water Environment Group. By now, SDIC has been the No. 1 shareholder of China Water Environment Group with 43% equity. The previous controlling shareholder US dollar fund of Citic Fund became the No. 2 shareholder. In the future, SDIC would build China Water Environment Group into a platform of water business development and water environment. It would give full play to the capital, resource advantages and the technology and management advantages of China Water Environment Group to build a world class water environment treatment national brand.
Since the 19th CPC Party Congress, the philosophy of green development featuring green mountain and clean water has been widely accepted by people. Industry for environmental protection has been the important content of our high-quality economic development. SDIC has made clear that they would take EP industries as forward-looking strategic industries and increased its investment in the area. China Water Environment Group as the leader of China water treatment industry has mature technology, advanced management experience and strong market competitiveness.
The purchase of China Water Environment Group was an important measure of SDIC to give full play to SDIC’s role as a guidance for state-owned capital, push forward high-quality development of EP industries and serve for the national strategy of Beautiful China. It was also a concrete measure to make a breakthrough in the layout of its EP industries development, which would be conducive to its transformation and upgrading.