As the investor of the group, can the state-owned assets center directly inject capital into the subsidiaries of the group?

I can't. As the representative of the investor, the State-owned Assets Center is mainly responsible for performing the responsibilities of the investor on behalf of the government, exercising the right to return on assets, participating in major decisions and hiring managers. The subsidiaries of the Group are independent enterprise legal persons with their own assets and management rights, and their capital injection needs to be determined through corporate governance structure. If the state-owned assets center wants to inject capital into the subsidiaries of the group, it generally needs to negotiate and sign an agreement with the subsidiaries and operate in accordance with the articles of association and relevant laws and regulations. At the same time, it is also necessary to consider the operating conditions of subsidiaries, capital requirements and other factors to ensure the rationality and feasibility of capital injection.