Today (16th Jan 2018), the inauguration ceremony of Yuanyin International Limited ('Yuanyin International') was held grandly in HK. As the potential investor of Yuanyin International, Dr. Wilson SEA, the Chairman and Executive Director, Ms. Li Dan, Executive Director, Dr. WANG Hui, CFO and Ms. LI Minwen, COO of China First Capital Group Limited ('CFCG', stock code: 1269.hk), were invited to attend the ceremony to celebrate.
Yuanyin International, approved by the Henan provincial government, is a financial services institution established by foreign and domestic shareholders of ZHONGYUAN BANK CO.,LTD (Stock Code: 1216.HK) to actively respond to the initiative of the "Belt and Road". It is proposed to engage in the regulated operations of categories 1, 2, 4, 6 and 9 under the Securities and Futures Ordinance approved and regulated by the Securities and Futures Commission of Hong Kong and the investment business outside the Ordinance. It is committed to creating a comprehensive international investment and financing platform. CFCG is optimistic about its prospects and intends to invest HKD100m in stake.
CFCG and ZHONGYUAN BANK CO.,LTD are both listed in Hong Kong and both parties have long been successful in communication and cooperation. On 19 July 2017, Zhongyuan Bank Co., Ltd., the largest city commercial bank in Henan, joined hands with First Capital Securities Limited, a wholly-owned subsidiary of CFCG, as a Joint Bookrunner and a Joint Lead Manager of its listing. 20 December 2017, CFCG announced that the Group has signed a subscription agreement with Zhongyuan Bank Co., Ltd. to issue HK$600 million worth of corporate notes. The sincere cooperation between both parties fully reflects the mutual trust and support with a great potential to growth.