Annual Report 2024

12 China Merchants China Direct Investments Limited Annual Report 2024 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) REVIEW OF INVESTMENTS The following table shows the major investment projects held by the Fund as at 31 December 2024: Name of projects Location of headquarters Main business Listed (Stock Exchange)/ unlisted Carrying value Percentage of total assets Percentage of net assets US$ million % % Financial Services: # 1. China Merchants Bank Co., Ltd. Shenzhen, Guangdong Banking Shanghai Stock Exchange 302 37.40 46.61 # 2. China Credit Trust Co., Ltd. Beijing Trust management Unlisted 144 17.89 22.30 # 3. JIC Leasing Co., Ltd. Beijing Finance leasing Unlisted 23 2.85 3.55 4. China International Capital Corporation Limited Beijing Investment banking Hong Kong Stock Exchange 4 0.43 0.54 5. China Media (Tianjin) Investment Management Co., Ltd. Tianjin Fund management Unlisted 1 0.14 0.17 Sub-total: 474 58.71 73.17 Culture, Media & Consumption: 6. China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership) Shanghai Media investment Unlisted 4 0.51 0.63 # 7. NBA China, L.P. Beijing Sports marketing Unlisted 41 5.02 6.26 8. Oriental Pearl Media Co., Ltd. Shanghai Multimedia Shanghai Stock Exchange 1 0.13 0.17 9. Yunnan Jinlanmei International Travel Investment Development Co., Ltd. Xishuangbanna, Yunnan Travel Unlisted 0 0.05 0.06 10. Qinghai Provincial Qinghai Lake Tourism Group Co., Ltd. Xining, Qinghai Travel Unlisted 5 0.66 0.82 Sub-total: 51 6.37 7.94 Information Technology: 11. Xi’an Jinpower Electrical Co., Ltd. Xi’an, Shaanxi Power grid monitoring system Unlisted 0 0.04 0.06 # 12. Anhui Iflytek Venture Capital LLP Hefei, Anhui Information technology investment Unlisted 19 2.38 2.96 # 13. iFLYTEK Co., Ltd. Hefei, Anhui Intelligent speech technology Shenzhen Stock Exchange 46 5.67 7.06 14. Ningbo Meishan Free Trade Port Area Jiangmen Venture Capital LLP Beijing Information technology investment Unlisted 8 0.97 1.21 # 15. Pony AI Inc. Guangzhou, Guangdong Autonomous driving NASDAQ 28 3.48 4.34