Following its successful acquisition of Beijing Enterprises Clean Energy (01250.HK) in May, marking its entry into the new energy industry, Shanda Financial Holdings (00412.HK) recently passed a resolution at its shareholders’ meeting to change its name to “Shanda Holdings Group Limited.” This move aims to provide investors with a clearer understanding of Shanda Financial’s core business and development strategy, and to enhance the company’s image in the Hong Kong capital market. The market anticipates that, against the backdrop of Hong Kong’s series of measures to strengthen its status as an international financial center, Shanda Financial’s accelerated strategic transformation will attract more attention and favor from overseas institutional investors.
Shanda Financial has been very active in the capital market this year. In addition to the above measures, on July 24, Shanda Financial announced that Shenzhen Asia-Pacific Leasing Asset Exchange Center Co., Ltd. had ceased operating its asset trading platform business to further focus on its core business. It is understood that Shanda Financial also holds Hong Kong Securities and Futures Commission licenses No. 1, 4, 5, 6, and 9, as well as licenses for Qualified Foreign Limited Partner (QFLP), financial leasing, and factoring. The company’s cessation of exchange operations signifies that it will accelerate its transformation and invest more resources in industrial investment.
Shandong Hi-Speed Group’s sole overseas investment and industrial holding platform, Shandong Hi-Speed Financial Holdings Co., Ltd. (Shandong Hi-Speed Financial) primarily engages in industrial investment, standardized investment, non-standardized investment, and licensed financial services. Last year, Shandong Hi-Speed Financial initiated a strategic transformation, steadily progressing from a financial investment group to an industrial investment group. The company focuses on exploring investment opportunities in emerging industries such as new energy, new technology, and new consumption, continuously increasing its industrial investment proportion.
Since 2021, Shandong Hi-Speed Financial has invested in high-quality projects such as Energy Chain Group, an IoT unicorn company dedicated to achieving zero-carbon energy, and Horizon Robotics, a global leader in edge AI computing platforms, earning a strong reputation in the investment industry. Its wholly-owned subsidiary, Shandong Hi-Speed Capital, also distinguished itself with its impressive investment performance, standing out from over 1,000 candidates and ranking among the “Top 10 Emerging Private Equity Investment Institutions in China in 2021” by ChinaVenture.
In May of this year, Shandong Hi-Speed Financial seized the strategic opportunity presented by the “dual-carbon” strategy, successfully acquiring a 43.45% stake in Beijing Enterprises Clean Energy Co., Ltd., thus entering the clean energy market with a high starting point. Beijing Enterprises Clean Energy Group currently operates over 4GW of installed photovoltaic and wind power capacity and manages 50 million square meters of clean heating area. The market anticipates that as the industrial synergy between Beijing Enterprises Clean Energy and Shandong Hi-Speed Group gradually materializes, the new energy industry within the Hi-Speed Group system will enter a period of rapid development. Hi-Speed Financial’s advantages of “industry-finance integration + domestic and international linkage” can provide a fast asset securitization path for new energy power generation assets, further supporting the development and operation of new energy power generation projects, thereby achieving a virtuous cycle of industrial and financial integration and bringing considerable investment returns.
