First iron & steel industrial transformation theme fund established
2018-07-03 14:02:42 [Print]
"The Great Wall-HBIS Industrial Development Fund", the first industrial transformation theme fund of iron & steel industry, co-established by HBIS Group and China Great Wall Asset Management Co
. , Ltd . was launched on 28 June . With 51% subscribed capital from HBIS Group and 49% from China Great Wall Asset Management, the FOF is RMB10 billion . HBIS Group will be responsible for investment, management, application and disposal of the fund property as the fund manager and executive partner . The fund aims to promote the implementation of RMB30-50 billion projects and focuses on key transformation and strategic development projects of HBIS Group.