In the beginning of 2026, Chongqing's largest state-owned capital platform has launched a series of significant initiatives. On the afternoon of January 8, Chongqing Yufu Holding Group officially released the "6213" Action Plan for Investment-Led High-Quality Development of the City's Advanced Manufacturing Industry (2026-2030). At the event, the group also held a centralized signing ceremony for 32 representative projects with companies including Chongqing Changan Automobile Company Limited (000625.SZ) and Deepal Auto, representing intended investments of nearly 18 billion yuan.
Chongqing Yufu Holding Group Chairman Xie Wenhui explained the "6213" Action Plan at the conference: The "6" refers to a focus on six core sectors: intelligent connected new energy vehicles, next-generation electronic information manufacturing, advanced materials, emerging and future industries, intelligent equipment and smart manufacturing, and biomedicine. The "2" and "1" signify the goal, during the 15th Five-Year Plan period, to invest in over 200 projects with a total investment exceeding 100 billion yuan through a combination of direct investment and fund investment. The "3" represents the expectation that, through these investments, social capital will be leveraged to guide the total related industrial investment scale across Chongqing to surpass 300 billion yuan, thereby amplifying the role of state-owned capital.
This means that over the next five years, Yufu Group plans to invest in more than 200 projects with a total investment exceeding 100 billion yuan, aiming to catalyze an influx of 300 billion yuan into Chongqing's advanced manufacturing sector. Zeng Jinghua, Director of the Chongqing State-owned Assets Supervision and Administration Commission (SASAC), stated at the press conference, "The Chongqing SASAC recently introduced 77 specific reform and development measures in one go, launching a targeted and clearly-defined set of combined initiatives to vigorously create a new landscape for the reform and development of state-owned enterprises. The promotion meeting for the Yufu Intelligent Manufacturing '6213' Action Plan is the 'first punch' thrown in this combination."
As a traditional manufacturing hub, Chongqing has been consistently intensifying its efforts in the transformation and upgrading of its manufacturing industry in recent years. Statistics from Chongqing show that in 2024, the city actively pursued industrial investment and implemented technological upgrades, resulting in an 11.2% growth in industrial investment, with industrial technological transformation investment surging by 24%. Industrial development is inseparable from capital drive. In his speech, Zeng Jinghua emphasized the need to strengthen Yufu Group's core function in industrial leadership: "We must adhere to a capital mindset and market logic. By implementing systematic and forward-looking investment layouts and utilizing the 'direct investment + fund' model, we can amplify the leveraging effect of capital, attract resources from all parties, and provide robust support for Chongqing's goal of building itself into a national hub for important advanced manufacturing centers."
Regarding the strategy for leveraging social capital and guiding over 300 billion yuan in investment, Xie Wenhui highlighted five key action pathways: industrial leadership, sci-tech innovation incubation, capital drive, ecosystem synergy, and post-investment empowerment. In terms of industrial leadership, Yufu Group has formulated specific investment amounts and identified cooperating companies and projects for the six key sectors, including intelligent connected new energy vehicles and next-generation electronic information manufacturing. The targets are highly specific; for instance, supporting leading vehicle manufacturers like Changan Deepal and Changan Technology in making significant leaps; collaborating with Qingling Group to expand the hydrogen energy commercial vehicle market; supporting Qianli Technology in deepening its "AI + vehicle" strategy; and cooperating with entities like the Seres Industry Fund to comprehensively enhance the local supporting industry rate, thereby aiding Chongqing in becoming a globally influential and competitive hub for intelligent connected new energy vehicles.
In the area of sci-tech innovation incubation, Yufu Group will establish and effectively operate a 20-billion-yuan municipal-level sci-tech innovation mother fund, creating a full-chain cultivation system that covers the "seed selection - seedling nurturing - excellence cultivation" stages for sci-tech innovation enterprises. Key municipal-level manufacturing SOEs also presented their development goals and investment lists for the 15th Five-Year Plan period at the meeting. Qingling Group plans to invest 10 billion yuan to strive for 30 billion yuan in revenue; Chongqing Mechanical & Electrical Group intends to invest 10 billion yuan to achieve a 15-billion-yuan industrial output increase; a 2.6-billion-yuan project from Chongqing Chemical & Pharmaceutical Holding Group is expected to generate 2.2 billion yuan in new output value; and the Municipal Agricultural Investment Group will invest 1.5 billion yuan to promote the upgrading of food processing.
Yufu Group also held a centralized signing ceremony for the first quarter of 2026 during the press conference, involving 32 projects with a total value of 18 billion yuan. Among these, the most significant was the strategic signing between Yufu Group, Changan Automobile, and Deepal Auto. According to a Changan Automobile announcement on December 24, 2025, the final investors in Deepal Auto's capital increase and share expansion were Changan Automobile, Yufu Group, and CMB Investment. The total amount raised in this round was 6.122 billion yuan. Specifically, Changan Automobile invested 3.122 billion yuan, comprising 2.079 billion yuan in自有资金 and intangible assets related to the Deepal S05 and G318 models, including patents, proprietary technologies, and software copyrights. Yufu Group invested 2.5 billion yuan in cash, and CMB Investment invested 500 million yuan in cash.
Deng Chenghao, Vice President of Changan Automobile and Chairman of Deepal Auto, stated in an on-site interview, "From Series A financing to Series B and Series C financing, Chongqing municipality has provided us with tremendous support. Currently, we have deeply integrated with a large number of local enterprises for innovation, aiming to build world-class brands and products. We look forward to our collaboration with Chongqing's state-owned enterprises helping Deepal Auto become a world-class brand during the 15th Five-Year Plan period." Zhang Min, General Manager of the Strategic Development and Investment Management Department at Yufu Group, indicated that the next step for Yufu Holding Group is to fully advance the implementation of the "6213" Action Plan. This involves precise investment layouts focused on the six advanced manufacturing sectors, accelerating the落地 of key projects, and ensuring the high-quality completion of investment targets. Efforts will also include strengthening sci-tech innovation incubation through the establishment of the sci-tech innovation mother fund to support breakthroughs in cutting-edge technologies and the commercialization of achievements, thereby speeding up the cultivation of new quality productive forces. The group will deepen capital operations by promoting corporate listings and mergers and acquisitions, building a full-cycle financial service system. Furthermore, it will optimize the industrial ecosystem, enhance post-investment empowerment, and foster collaborative innovation within the industrial chain, providing solid support for Chongqing's accelerated development into a national hub for important advanced manufacturing centers.
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