State-owned assets aid refers to the initiative of local state-owned assets to assist listed private enterprises. Against this background, a group of state-owned assets have successively extended a helping hand to some distressed enterprises. Since October 2018, many local governments such as Shenzhen, Shandong, Zhejiang, Beijing, Shantou, and Chengdu have introduced rescue plans or set up special funds to help Relevant listed companies in the region can alleviate equity pledge risks.