(Hong Kong - Nov.21, 2017) Huarong Investment Company Limited ("Huarong Investment" or the "Group") (Stock Code: 2277.HK), a leading provider of comprehensive investment and financing solutions in China, is pleased to announce that through its wholly owned subsidiary, it has subscribed for a principal amount of USD 30,000,000 of notes with period of two and a half years. Huarong Investment is a Hong Kong listed company under China Huarong Asset Management Co., Ltd. (stock code: 2799.HK), the largest financial asset management company in the PRC.
Huarong Investment said that, in the globalization of today, the road to internationalization is an inevitable direction for the development of enterprises in all fields, as well in the education sector. China has become the second largest economy in the world, attracting more and more countries to know about China, learn from China, and take the express train of China's economic development. At the same time, a large number of Chinese enterprises are going abroad to participate in global economic and trade cooperation and market competition. Carrying out overseas education can not only train professionals who know China well and are proficient in relevant technologies, but also train a great number of talented people who are familiar with the national conditions of their host countries and possess the professional qualifications of modern management, trade and economy and so on, and ultimately provide a strong support for the realization of mutually benefits and win-win situation between China and foreign countries.
The notes issued by Hongda Fin will help strengthen its own products, better expand overseas markets, optimize overseas resources and enhance international influence and market size of its own brand. As a leading integrated investment solution provider in China, Huarong Investment will actively support and serve Chinese entity enterprises, and provide strong support and guarantee for Chinese enterprises to expand overseas markets.