China Chengtong Holdings Group (CCT; ) is a Chinese state-owned investment holding company. The company's purpose is to enhance the efficiency of state-owned capital operations and pursue capital appreciation. It boasts an AAA credit and debt rating.[2]
In 2021, according to S&P Global Market Intelligence and Preqin, its fund management arm, Chengtong Fund Management, was ranked as the 24th largest private equity firm in the world based on total fundraising over the most recent five-year period.[3]
Background
In 1992, CCT was formed by the merger of multiple materials and circulation enterprises directly under the now-defunct Ministry of State Materials.[2][4]