Annual Report 2023

China Merchants China Direct Investments Limited Annual Report 2023 11 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 2023: 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 217 31.32 38.84 # 2. China Credit Trust Co., Ltd. Beijing Trust management Unlisted 148 21.43 26.59 # 3. JIC Leasing Co., Ltd. Beijing Finance leasing Unlisted 14 2.03 2.52 4. China Media (Tianjin) Investment Management Co., Ltd. Tianjin Fund management Unlisted 1 0.15 0.18 Sub-total: 380 54.93 68.13 Culture, Media & Consumption: 5. China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership) Shanghai Media investment Unlisted 8 1.07 1.33 # 6. NBA China, L.P. Beijing Sports marketing Unlisted 28 4.03 5.00 7. Oriental Pearl Media Co., Ltd. Shanghai Multimedia Shanghai Stock Exchange 1 0.15 0.19 8. Yunnan Jinlanmei International Travel Investment Development Co., Ltd. Xishuangbanna, Yunnan Travel Unlisted 0 0.06 0.07 9. Qinghai Provincial Qinghai Lake Tourism Group Co., Ltd. Xining, Qinghai Travel Unlisted 5 0.77 0.96 Sub-total: 42 6.08 7.55