On July 3, 2018, Huiyang Shunze Huixin Investment Management Co., Ltd. (Shunze Huixin), a subsidiary of HXSZ Financial Holding engaged in investment management, assets management and equity investment, was registered. The company is expected to complete the registration as a fund manager at the Asset Management Association of China (AMAC) by late 2018, and will strive to be Huiyang's first private fund manager registered at AMAC.
As important part of HXSZ Financial Holding's efforts to build a financial and innovation town in Guangdong-Hong Kong-Macau Greater Bay Area in Huiyang in association with HXSZ Industrial Holding, Shunze Huixin will implement the group's vision of "becoming an outstanding operator boosting technology finance upgrading and creating an elegant life". Its organization plan and development plan have been approved by the Huiyang District People's Government, its start-up capital will be contributed by the group and a state-owned enterprise under the State-owned Assets Supervision and Administration Commission of Guiyang District, and 80 percent of managed funds will be invested in the construction of Huiyang and high-tech innovation enterprises to settle in the town. Operated on a market basis and guided by the government, its managed funds will provide indispensable financial support for the industrial upgrading of Huiyang.
Besides, Shunze Huixin will build a financial channel in Guangdong-Hong Kong-Macau Greater Bay Area along with HX Innovation Capital Management Co., Ltd. under HXSZ Financial Holding, to create rich financial resources and broad prospect for enterprises in the financial and innovation town in Guangdong-Hong Kong-Macau Greater Bay Area.