August 24 saw the signing ceremony of the mixed-ownership reform of China National Gold Group Gold Jewelry Co. Ltd. (CNGJ) in Beijing, during which ZRT Chairman Liu Yang gave a speech as acting representative of strategic investors.
The reform’s pilot program confirmed the combination of seven strategic and one industrial investors. The new investors in the mixed-ownership reform are in perfect complement with CNGJ and are expected to provide a powerful engine for extending and upgrading the company’s already innovative business. Chairman Liu Yang, in his speech, also mentioned the fact that ZRT’s involvement in the reform was another move for the company to integrate industry with finance and follow the principle having finance serve the real economy. ZRT, as a result, will rely on its strong points regarding funds as well as its ability to integrate resources to provide customized financial services for CNGJ and allow it to extend its industrial chain and optimize its business layout.
BEIJING ZHONGRONG DINGXIN INVESTMENT MANAGEMENT CO., LTD
Beijing Zhongrong Dingxin Investment Management Co. Ltd. (ZRTDX) is an investment subsidiary wholly owned by ZRT and approved by CBRC with a paid-in capital of 1.5 billion yuan. Filed with the Asset Management Association of China, ZRTDX is a qualified manager of private security funds that provides professional asset management services through the issuance of private funds, being specifically specialized in private equity investments, comprehensive services for public companies, security investments and cash management. ZRTDX has a competent professional team with rich experience in operations, project development and risk management and also has a long-standing record of excellent performance.
Zhongrong Fund, formerly known as SSGA Fund, was established after being approved by CSRC on May 16, 2013, finalizing registration in SAIC and obtaining a business license on May 31, 2013. Today, as permitted by CSRC, it is qualified to engage in fund collection and sales, general asset management, asset management for special clients and other related business with a current paid-in capital totaling 1.15 billion yuan.
The ownership structure of the company sees ZRT contributing 51% of shares and Shanghai Rongcheng Investment Co. Ltd. contributing 49%. ZRF adopts an improved risk-control system, which targets client demands and follows laws pertaining to fund development, while relying on the powerful strengths of shareholders and utilizing a steady operating style. As it makes its presence known in various aspects and directions, the company strives to create compelling values for its investors and is devoted to providing them with long-term and stable returns.
Zhongrong International Capital Management Limited (HongKong)
Carrying the No.4 and No.9 licenses issued by SFC, ZRICM is engaged in direct investment and asset management business to provide ﬁnancing and investment support to both sides of cross-border transactions. Leveraging upon the unique advantages of extensive clients network in China and direct access to international capital market in Hong Kong, ZRICM is specialized in providing integrated ﬁnancial solutions including direct investment and asset management.