Recently,Hwabao Trust officially releases mineral energy trust project-Bao Rui No.1-Luan Shui mining development collection plan.
In recent years,Baosteel financial system develops rapidly,with financial products covering securities,trusts and funds.The mineral energy trust product issued this time is Baosteel's financial system innovative breakthrough in the field of mineral energy investment and financing business.The trust project involves iron ore and coal development,with a total size of 500 million yuan.It mainly supports customer's technical innovation and exploitation in large opencast coal mine in Inner Mongolia.Hwabao Trust appoints personnels in client company's executive positions.On the one hand,they fulfill regulatory responsibilities and ensure funds security,on the other hand they have deep contact with customers in order to look for further cooperation opportunities in future in mineral investment and fund operation.Currently,the project is running smoothly and has good market response.
It is known that in future product operation,Hwabao Trust will fully evoke Baosteel Group industry chain advantages,raise financial service support to mining and energy field financial service.While carrying out financing business in a stable way,it will take full advantage of high asset added value and high dividend characteristics brought by resource scarcity.It will try investment business and energy funds according to opportunities and strengthen combination of industry and finance with Baosteel Group and promote Group main industry development.