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India’s unilateral naming move in China’s Zangnan a self-deception, runs counter to improving ties, warn Chinese experts_我的网站

杀破狼

一 | 　　存储龙头股亮相。

A view of the high-grade highway from Lhasa to Nyingchi in Southwest China's Xizang Autonomous Region Photo: VCG
Chinese experts on Sunday slammed India's latest move of identifying 27 locations in China's Zangnan area by their so-called standard names on its official map as self-deception, which runs counter to the improving momentum in bilateral relations and could complicate efforts to properly handle border issues.
The Indian government on Friday said the updated Survey of India map included "four mountain passes and a high-altitude lake," and claimed that the move "is intended to ensure the correct identification of these places" and "improve public awareness of their geographical and historical significance," according to the Times of India.
The claim came shortly after the 36th meeting of the Working Mechanism for Consultation and Coordination on China-India Border Affairs (WMCC) was held on August 6 in New Delhi.
During the meeting, officials from both sides discussed issues including boundary delimitation, border management and control, mechanism building, and cross-border cooperation. They agreed to maintain communication through diplomatic and military channels and jointly safeguard peace and stability in the border areas, according to a statement released by the Chinese Foreign Ministry on Friday.
China has been carrying out standardization of geographical names in the region for a long time. At a time when China-India relations are showing signs of improvement and leaders from both countries are expected to engage through multilateral platforms, any unilateral action by India that escalates the border situation shows no point and will not serve the broader interests of bilateral relations, Qian Feng, director of the Research Department at Tsinghua University's National Strategy Institute, told the Global Times on Sunday.
Qian said India should avoid turning border issue into a larger dispute, as such actions could stifle the improving political ties between the two countries.
Consistent position
China's position on the Zangnan region is consistent. The area covers parts of Nyingchi and Shannan and is located in Southwest China's Xizang region, which has been China's territory since ancient times.
Since 2017, China's Ministry of Civil Affairs has released six batches of standardized names for locations in Zangnan, with a total of 112 names announced as of April 2026. These names cover villages, mountain passes, rivers and peaks, accompanied by standardized Chinese and Tibetan names as well as geographic coordinates.
The dispute over the region has a long historical background. The illegal "McMahon Line" drawn between China and India during the 1914 Simla Convention was never signed or recognized by successive Chinese governments and therefore has no legal validity.
After China's Ministry of Civil Affairs published the sixth batch of names that should be used for places in Zangnan region on April 10, two days later, the spokesperson for India's Ministry of External Affairs expressed rejection to China assigning names to places in so-called "Arunachal Pradesh," adding that these actions detract from ongoing efforts to stabilize bilateral ties.
Chinese Foreign Ministry Spokesperson Guo Jiakun said at a routine press briefing on April 14 that Zangnan region is China's territory. China does not recognize the so-called "Arunachal Pradesh" illegally set up by India. It is fully within China's sovereign rights for the Chinese government to issue standard names for some of the places in Zangnan.
China-India relations are generally stable at the moment. China's commitment to improving and growing China-India relations has not changed. We hope the two sides will work in the same direction and act more in ways conducive to bilateral relations, Guo stressed.
India's latest naming of 27 locations is a unilateral administrative move and does not alter the legal status of the area, Guo Xuetang, a professor at the center for South Asia and Indian Ocean Studies under Shanghai International Studies University, told the Global Times.
According to Guo Xuetang, India's move is an attempt to strengthen its claim of control over the area and create additional leverage in future boundary negotiations. However, such actions have no practical meaning and will only undermine the atmosphere for negotiations between the two countries.
Not merely from the perspective of international law, Zangnan region has culturally, religiously and historically been connected within Xizang, with close links between local communities and civilization, the expert stressed.
Positive momentum
Despite differences over the boundary issue, China and India have in recent months continued efforts to stabilize relations. In December 2024, China and India's representatives for boundary affairs reached a six-point consensus during talks.
Last week, the Nathu La Pass, which was closed for six years, officially resumed operations, signaling a new phase of mutually beneficial cooperation and development in cross-border trade.
During a meeting between Chinese Foreign Minister Wang Yi and Indian Foreign Minister Subrahmanyam Jaishankar on July 22 in Manila, the Philippines, Wang said China and India should consolidate the positive momentum in bilateral relations, and strengthen coordination and cooperation in international and regional affairs, while Jaishankar said India's positions on issues concerning Taiwan and Xizang have not changed, and that India respects China's sovereignty, Xinhua reported.
In the past two years, leaders of China and India have met in Kazan, Russia, and Tianjin, China, and agreed that China and India are partners rather than rivals, and that their development should be viewed as opportunities rather than threats, Wang said.
"India's latest move is essentially an attempt to reinforce its claims over disputed territory and counter China's sovereignty position, a move that amounts to self-deception. Unilateral name changes cannot alter the historical and legal facts surrounding the Zangnan region, nor can they shake China's resolve to safeguard its territorial sovereignty," Guo Xuetang said.
The only way to resolve the China-India boundary issue is through equal negotiations and a fair settlement based on historical and legal principles, while unilateral actions that create tensions or change the status quo will only harm mutual trust and border stability, Guo said.
。　　8月21日，长江存储控股股份有限公司（公司简称“长存控股”）科创板IPO申报材料正式获得上交所受理，公司计划发行不低于19.8亿股且不超过24.3亿股，募集资金330亿元。　　银行系是股东名单中最显眼的力量。

二 | 五大银行（工、农、中、建、交）旗下投资机构或投资平台直接持股，并列第9大股东。国家开发银行通过大基金一期、大基金二期间接持有，成为持股数量最多的持牌金融机构。

三 | 招商银行亦以私募基金产品间接参与。

四 | 　　券商同样没有缺席。

五 | 华安证券在同行内间接持股数最多，国信证券、国泰海通、招商证券亦有布局。

六 | 　　此外，易方达旗下投资机构、中邮人寿保险等机构也间接参与。　　“五大行”卡位长存控股　　8月21日，上交所受理了长存控股IPO科创板项目，中信证券及中信建投联合担任保荐机构。　　招股书显示，长存控股是存储器IDM企业，主营业务收入来源主要为NANDFlash产品。公司2025年营业收入631.85亿元，同比增长近40%；扣非归母净利润为133.09亿元，同比增长逾110%。此次IPO计划募集资金330亿元，用于长江存储量产线技术升级项目、研发相关募投项目。

七 | 　　截至目前，长存控股共有29名股东。哪些中长期机构资金已提早布局，成为市场关注焦点。从金融系股东构成来看，银行系资本占据重要席位，且多数在2024年增资中集中进入。　　农业银行全资子公司农银投资、建设银行全资子公司建信投资、交通银行全资子公司交银投资、工商银行全资持有的工融金投（北京）新兴产业股权投资基金合伙企业（有限合伙），都分别直接持有长存控股1.02亿股。而“中银资产-长存1号债转股投资计划”持有同样股份数量，其资金均来自于中国银行全资子公司中银投资的自有资金。上述5家银行系机构或产品并列为第9大股东，发行前持股比例各0.61%。　　实际上，工商银行和农业银行的布局不止上述。另据券商中国记者对其他股东穿透至第三层发现，工商银行旗下的工银瑞信投资以及农业银行旗下的农银汇理资产，双双以LP形式投资中国互联网投资基金（有限合伙），该基金直接持有长存控股逾2000万股。　　不过，国家开发银行才是长存控股中持有股数最多的持牌金融机构。根据券商中国记者穿透统计，国家开发银行全资子公司国开金融有限责任公司作为“大基金一期”（国家集成电路产业投资基金股份有限公司）和“大基金二期”（国家集成电路产业投资基金二期股份有限公司）的LP，穿透后间接持有长存控股合计约1.19亿股。　　据悉，“大基金一期”早在2016年长存控股成立时即为原始股东之一，还通过持有芯飞科技（长存控股成立时的第一大股东）股份间接持股；“大基金二期”则在2023年第一次增资时进入。　　招商银行也“借道”私募基金产品参与对长存控股的投资。招股书显示，招赢成长贰拾壹号私募股权投资基金（深圳）合伙企业（有限合伙）（以下简称“招赢成长”）持有长存控股3277.31万股。券商中国记者根据天眼查对该产品的穿透，测算发现招商银行旗下的招银国际资本、招银国际金融控股、两大私募股权基金合计通过该产品间接持有长存控股逾600万股。　　有业内人士表示，近年来，银行系资金在私募股权投资领域的参与度持续升温，已成为市场上不可忽视的出资力量，尤其在国家战略产业的大型项目中，扮演着长期资本的稳定供给角色。

八 | 　　券商系身影浮现　　除了银行系外，根据券商中国记者穿透至第三层股东发现，券商系同样以不同路径参与其中。根据记者不完全统计，至少有4家券商通过私募子或另类子公司进行投资。　　华安证券可能是券商中的最大赢家。天眼查信息显示，其私募基金子公司华安嘉业成立了“安徽皖投安华现代产业投资合伙企业（有限合伙）”，出资人以安徽省国资为主，华安嘉业持有约20%份额。该产品作为“大基金二期”的LP，间接投资了长存控股。据记者测算，华安嘉业间接持有长存控股近1500万股。　　国信证券的另类子公司国信资本则是上述招赢成长的LP，据记者计算，国信资本可能间接持有长存控股逾500万股。

九 | 　　国泰海通同样有所布局。其私募基金子公司国泰海通开元此前设立了央视融媒体产业投资基金（有限合伙），该基金直接持有长存控股超过2700万股。尽管出资人以媒体出版行业为主，但国泰海通开元通过这一路径间接持有长存控股近500万股。　　中信建投分析师赵然曾表示，证券公司作为连接实体经济与资本市场的核心中介，深度参与科创企业从早期孵化到上市融资再到产业整合的全生命周期服务，其“科创属性”已从传统的通道业务延伸至资本赋能层面，成为驱动业绩增长和估值体系重构的重要变量。　　此外，招商证券的另类子公司招证投资、易方达全资子易方达私募基金、中邮人寿保险等，也间接持有长存控股的股份。