DeHeng Advised CHALCO-BOCOM SI-ZE
Industry Investment Fund Project

2017-06-15

Recently, Aluminum Corporation of China Limited (CHALCO), Bank of Communications International Trust, and CHALCO Jianxin Investment Fund Management (Beijing) Co., Ltd. jointly invested to set up CHALCO-BOCOM SI-ZE Industry Investment Fund Management Partnership (limited partnership). The industrial investment fund has a total equity of RMB 10 billion, and will be used to support CHALCO, and speed up the supply-side structural reform for the non-ferrous metal industry. Focusing on "three eliminations, one reduction, and one supplement", improvement of quality and efficiency, and downsizing, it aims to promote the precise management and speed up the transformation and upgrading of China's non-ferrous metal industry. RMB two billion has been invested as the initial phase of the fund to support the construction of light alloy materials integration project of CHALCO Guangxi Hualei New Materials Co., Ltd. DeHeng Law Offices provided professional legal services for the CHALCO-BOCOM SI-ZE Industry Investment Fund project.

CHALCO-BOCOM SI-ZE Industry Investment Fund, the first industrial investment fund set up by CHALCO under the theme of "addition, subtraction, multiplication and division", offers a new way for financial capital to dovetail with the reform of state-owned enterprises, creates a new model of integration between high-quality physical assets and advanced financial instruments, and provides a new path for banks and enterprises to enhance the "Made in China".