On Jan 6, Jinchuan Group's first privately offered fund management agency, Gansu Nickel-Metropolis Privately Offered Fund Management Co., Ltd., was registered with the Asset Management Association of China (AMAC) with the number P1074260. It has officially obtained the privately offered fund manager license, and become a legally qualified management organization.
On Jan 17, the first privately offered fund product, "the Gansu Nickel-Metropolis Industrial Investment Fund", raised by the company was registered with the AMAC with the number SZD626 and a fund scale of 1 billion yuan (about $150 million). The product became the first private equity fund jointly launched by Jinchuan Group and other advantageous capital resources to focus on investing in new energy and new materials industry projects.
Jinchuan Group, together with Gansu Provincial State-owned Asset Investment Group Co., Ltd. and Jinchang Municipal State-owned Asset Investment Operation Co., Ltd., has set up Gansu Nickel-Metropolis Privately Offered Fund Management Co., Ltd. and the Gansu Nickel-Metropolis Industrial Investment Fund, aiming to implement new development ideas and actively giving play to the important role of funds in supporting industrial transformation and upgrading. The fund also promotes the cultivation and development of strategic emerging industries, in a bid to contribute to the high-quality development of industries.
Gathering capital with leveraged funds, supporting transformation and high-quality development is an important method for enterprises to move towards a new stage of development. The successful establishment and registration of Gansu Nickel-Metropolis Privately Offered Fund Management Co., Ltd. and the Gansu Nickel-Metropolis Industrial Investment Fund has opened a new chapter in the innovation of Jinchuan Group's investment and financing model, establishing a new channel for the use of diversified financing tools to carry out investment and financing business.
Jinchuan Group will focus on its main business, continuously enrich its investment and financing means and models, and optimize the fund investment strategy so as to establish an effective and characteristic fund management mode, supporting the high-quality development and transformation of enterprises.
