Nikkei: The Chinese government has become the seventh largest shareholder of Honda by hand

According to Nikkei Nikkei recently reported that a fund related to the Chinese government had a stake in Honda at the end of September this year, afterwards, Thetruthaboutcars and other foreign media have used the headline of “China's Government Seventh Largest Stockholder Of Honda” and other titles. Rendering.

The fund is called OD05 Omnibus and is called the "Oximbus Account Treaty Clients". It purchased a 2.12% stake in Honda Motor at the end of September and ranked seventh among Honda’s major shareholders. The behind-the-scenes investor of the SSBT OD05 Fund is China Investment Corp., a sovereign wealth fund China Investment Corporation. CIC is a wholly state-owned company engaged in the management of foreign exchange capital investment and has been established with the approval of the State Council of China.

Foreign media disclosed that the Chinese government has expanded foreign investment to improve its ability to manage foreign exchange reserves. OD05 Omnibus Fund has increased its stake in major Japanese companies since the fourth quarter of last year and has become one of the top ten shareholders of Mitsubishi UFJ, Canon, Sumitomo Mitsui Finance, Sony, Mitsui, Hitachi, Komatsu, Toshiba and others. Even Tokyo Electric Power, which had a lot of loopholes in Japan’s nuclear leaks this year, had been involved in shares. The fund has become the main shareholder of 123 Japanese companies with a total investment of more than 2 trillion yen.

In addition to Honda Motor, the SSBT OD05 Fund also purchased Nissan Motor’s 1.17% of its preferred shares at the end of March this year, worth US$52.82 million, making Nissan the ninth largest shareholder of Nissan.