Gasgoo Munich-Gasgoo reported on April 20 that Xu Siwei, Party Secretary and Chairman of China Reform Holdings Corporation, met with a delegation led by Zhu Huarong, Party Secretary and Chairman of China Changan Automobile Group. The two sides exchanged views on deepening strategic cooperation, expanding synergistic fields, and serving national strategies to pave the way for future collaboration.
Image Source: China Reform Holdings
During the meeting, Xu outlined China Reform Holdings' business landscape and core functions. He emphasized the company's commitment to its partnership with China Changan and called for a deeper strategic relationship. Xu urged both sides to leverage their resources to serve national strategies and drive high-quality development.
Zhu Huarong expressed gratitude for China Reform Holdings' long-standing support and briefed the delegation on Changan’s operations and strategy. He expressed hope to strengthen exchanges and expand collaboration in capital operations, industrial incubation, and technological innovation to deepen the integration of industry and finance.
Records show China Reform Holdings was established in December 2010. It was approved as a pilot state-owned capital operation company in 2016 and entered a phase of deepened reform in 2022.
As of the end of 2025, total assets exceeded 1 trillion yuan, with net income exceeding 20 billion yuan for five consecutive years. This solidified its role as a key platform for central SOE capital operations. China Changan, a central SOE in the auto sector, sold more than 2.9 million vehicles in 2025. Notably, its new energy vehicle sales surpassed 1 million for the first time, accelerating its push to become a leading automotive group.
