China’s First Titanium Industry Fund Formally Kicked Off

On October 21, East China Ordins Co., Ltd held a release meeting in Shanghai, and announced the formal setup of “China Ordins Titanium Industry Fund”, the release meeting was co-hosted by East China Ordins and China Nonferrous Metals News. Representatives from Yunnan Metallurgical Group, Zunyi Titanium Group, Pangang Titanium Industry and government, financial domestic organizations totaling over 100 persons attended the activity.

“The setup of this Fund will, through the financial physical business bond and bankenterprise linkage platform, promote healthy development of domestic titanium industry.”Said Yan Huaqiang, General Manager of East China Ordins Co., Ltd.

It has been learned that, the Industry Fund will link up core elements in the industry, and put through all steps in the industry from raw material to sales through this platform. Xu Haihong, senior partner of Hejun Capital, pointed out that, the Titanium Industry Fund will join hands with agreement-signing partners to unfold in-depth cooperation, serve physical enterprises through the fund, integrate downstream resources on the industrial chain, and consolidate titanium industry. He said, in logistics finance management, through management and disposal of collateral to ensure mitigation, it aims to fulfill healthy development of physical business. Through supply chain, change raw materials into products catering to correct sales channels, achieve expansion of the industry. In industry finance management, it will assemble healthy physical business, cultivate new eco circle, create new business mode, so as to accomplish consolidation of industry.

Regarding existing problems in the status quo and development of domestic titanium industry, Niu Henggang, General Manager of Zhonghong Supply Chain, said the solutionpractice of China’s titanium industry needs reform of operation model, and it is required to use supply chain management to find sources of capital, revitalize fixed assets, reshape profit-earning model, walk into industrial chain, and use “supply chain + industry fund”to create “invisible champion” enterprise.

The release meeting simultaneously held agreement-signing ceremony, China Ordins signed agreement of strategic cooperation with Yunnan Metallurgical Group, Zunyi Titanium Group, Pangang Titanium Industry and Antaike. Representatives from government and financial research organizations including Guizhou Province State-owned Assets Supervision and Administration Commission, Yunnan Metallurgical Group, Zunyi Titanium Group, Cinda Asset Management, and Antaike delivered speeches and reports at the meeting.

It has been learned that, China Ordins can fully leverage its advantages in supply chain operation, market development, warehousing and logistics finance aspects, fulfill strongstrong union and integration of industry and finance with physical enterprises in technology and resource. This fund will, from resource optimization, asset allocation, and risk control aspects, bring out mutual complementary effect, and bring important impact to titanium industry’s healthy development, transition and upgrading of physical enterprises.

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