Great Aim Group successfully introduces the central enterprise Huarong Trust
Both sides sign a contract at Nanwan International of Great Aim
At 3 pm on May 10, 2017, Zhuhai Great Aim Group Co., Ltd. (“Great Aim Group”) and Huarong International Trust LLC (“Huarong Trust”) successfully held a signing ceremony for the shareholder agreement of “Hengqin Rongce Equity Investment Fund Management Co., Ltd. & Rongce Urban Development and Construction Investment Co., Ltd.” at the commercial center of Great Aim’s Nanwan International.
The signing ceremony is held at Nanwan International
On that day, Chi Tenghui, deputy director of financial service bureau of Hengqin New District attended the signing ceremony on behalf of Niu Jing, party secretary of the Administrative Committee of Hengqin Free Trade Zone and witnessed the settlement of a series of projects of Great Aim Group in Hengqin. The ceremony also invited Li Hongmao, vice president of China Construction Bank Guangdong, Yang Weiming, president of Zhuhai Branch of China Construction Bank Guangdong, Shen Yiming, general manager of Huarong Trust and chairman of Huarong Development, Li Changhai, vice chairman of Huarong Trust, Wang Yi, deputy general manager of comprehensive management department of Huarong Trust, Cao Yue, the head of real estate finance 2nd department of Huarong Trust, Li Chaobo, chairman of China Urban Infrastructure Group Co., Ltd., Wang Wenxia, the executive director of China Urban Infrastructure Group Co., Ltd., Yang Feng, chairman of the board of directors of Great Aim Group, Yang Zhixiong, executive vice chairman of the board of Great Aim Group, Yu Daoqun, president of the board of Great Aim Group, Zhao Riyun, Yang Jiaqiong and Chen Xiaobing, directors of Great Aim Group. Several financial institutions such as China Construction Bank, China Cinda Asset Management Corporation and China Merchants Bank expressed their intention to reach an alliance and make progress together.
During the Two Sessions this year, Premier Li Keqiang incorporated the “Guangdong-Hong Kong-Macau Great Bay Area” into the national government work report, which means that the “Guangdong-Hong Kong-Macau Great Bay Area” has officially become a new engine for China’s economy. Under this national strategy, Hengqin will usher in a new round of development opportunities. With the opportunity, Great Aim Group and Huarong Trust will join hands to build “Hengqin Rongce Equity Investment Fund Management Co., Ltd. & Rongce Urban Development and Construction Investment Co., Ltd.” The scale of a single fund will not be less than 100 billion Yuan, with an aim to depend on the policy advantages of the Free Trade Zone to implant the equity trading platform under the main business of Huarong into Hengqin to boost the development of the Great Bay Area. Meanwhile, it will also lay down a foundation for the headquarters of Great Aim to settle in the Free Trade Zone of Hengqin, develop a headquarters at a hundred billion Yuan level and an output value at a trillion Yuan level.
Chi Tenghui, deputy director of financial service bureau of Hengqing New District, addresses on the singing ceremony
On the signing ceremony, Chi Tenghui said, Great Aim is a leader among private enterprises in Zhuhai, and Huarong is a nationally famous financial institution. Great Aim and Huarong are both important partners of Hengqin and have a well-located headquarters in Hengqin. In the past years, the development of finance in Hengqin was viewed unfavorably. However, under the correct decision of the government of Hengqin, Hengqin has witnessed a substantial development in finance after seven years. At present, 1/3 of economic revenue of Hengqin is from finance sector. At present, under the national strategy of “Guangdong-Hong Kong-Macau Great Bay Area”, Macau and Hengqin will surely become new economic centers. “The finance of Hengqin will serve the world”, which will not be confined to Zhuhai. The strategic cooperation between Great Aim Group and Huarong Trust is set to bring new vitality to the financial development of Hengqin.
Since the headquarters of Great Aim Group settled in the Free Trade Zone of Hengqin, under the great support of the administrative committee of FTZ, the construction has gone on smoothly, which will be put into use partially at the end of this year and be fully delivered for use by the end of next year. Before that, the settled industries will develop first. At present, Great Aim Group and National Key Lab have finished the commercialization of “white light positioning” technology project, achieving wonderful testing results, among which, the initially launched shopping cart for supermarkets will be put into operation nationwide since this August. The operation of the single system will generate an annual output value above 100 billion Yuan and develop a scale of more than 700 billion Yuan gradually in five years. Meanwhile, the “Hengqin Xianmao Network Technology Operation Platform” established jointly by Great Aim Group with China Construction Bank Guangdong with its own scientific research achievements has successfully settled in the FTZ of Hengqin, which will enter operation in the mid third of next month. The operation platform will be a component for FTZ Branch of China Construction Bank to settle in the headquarters building of Great Aim. According to the database of China Construction Bank, the annual settlement on the said industrial platform will not be less than 200 billion Yuan. And it’s predicted to grow stably with an annual growth rate of 30%.
Shen Yiming, general manager of Huarong Trust and chairman of Huarong Development, addresses on the signing ceremony
It was reported that Huarong Trust is a national non-banking financial institution established on May 19, 2008. With diversified products, its forms of investment mainly include loans, equity investment, security investment, industrial investment funds, merger and acquisition funds and asset securitization and fields of investment mainly cover real estate, industrial and commercial enterprises, basic industries, portfolio investment and financial institutions. At present, Huarong Trust has provided comprehensive financial services worth over 700 billion Yuan in total to hundreds of excellent enterprises at home and has formed certain brand influence and market recognition in the industry. It has won industrial awards in succession such as the “Title of Advanced Collective in National CBRC System”, “Trust Company for Growth Capacity of the Year in China”, “Excellent Wealth Management Center of the Year”, “Excellent Financial Service Brand”, “Excellent Wealth Management Center”, “Golden Bull Collective Trust Company” and “Award for Excellent Wealth Management Brand”.
Shen Yiming mentioned in his speech, “Huarong Trust has actively responded to the external environment of economic downturn and tried its best to ascend into the list of first-class trust companies at home.” He said, Huarong Trust has reached the decision this time since it has seen the limitless opportunities in the financial development of Hengqin and limitless possibilities in the development of Great Aim Group. Huarong Trust is full of expectation in the cooperation with Great Aim Group in Hengqin. It’s expected that both sides can grasp the market opportunity and reach their win-win goal.
Yu Daoqun, President of Great Aim, addresses on the signing ceremony
On the signing ceremony, Yu Daoqun said, “This time, Great Aim Group and Huarong Trust will join hands to build Hengqin Rongce Equity Investment Fund Management Co., Ltd. & Rongce Urban Development and Construction Investment Co., Ltd., which will surely become another brilliant milestone in the development history of Great Aim Group. As a private enterprise of Zhuhai, after 23 years of development, Great Aim Group has grown into an integrated enterprise group with an asset size of 180 billion Yuan. In the real estate segment, the Group has a land reserve of over 10 million ㎡ and develops an area of over 1.50 million ㎡ annually. In high-tech segment, the Group has 31 internationally first-class advanced patented technologies and will create an annual output value at the level of 100 billion Yuan. While seeking development in its two wings, real estate and high-tech, Great Aim Group will also join hands with Huarong Trust to enter the financial field, supplement the advantages of each other and realize a win-win cooperation. The board of directors of Great Aim decided to take real estate, high-tech and finance as a solid cornerstone for its century-lasting development. It’s expected that the capital increase for Huarong Trust this time will infuse new force to the development of Great Aim Group.”