On July 4th, Bangxin Asset Management Co., Ltd. and Daye Trust Co., Ltd. signed an Agreement of Strategic Cooperation with China Kinho Group in Beijing. The comprehensive financial platforms of Bangxin Asset Management, Daye Trust and COAMC will be combined with the leading position and abundant resources of China Kinho in the coal and chemical industry to achieve win-win results for all sides through their cooperation in setting up joint coal-based clean energy fund, asset securitization, and trust financing etc.

China Kinho Group Co., Ltd. is a modern energy chemical company that focuses on coal-based clean energy technologies such as synthetic natural gas (SNG) and coal liquefaction as well as coal-based fine chemical products. China Kinho has established industrial parks for coal development and cyclic utilization in Inner Mongolia, Qinghai, Ninxia and Xinjiang Uygur Autonomous Region etc. As a leading player in the industry, China Kinho’s SNG and coal liquefaction was in line with the new direction of the development of coal and chemical industry. Its high-value-added projects have been put into operation.

Chairwoman of the Board of Directors of Bangxin Asset Management Li Meiying, General Manager Zhang Chunping, General Manger of Daye Trust Co., Ltd. Wang Yi, and Chairman of the Board of Directors of China Kinho Huo Qinghua attended the signing ceremony.