Inner Mongolia Xingye Mining Co., Ltd. is a large mining company mainly engaged in the exploration and development of metal mineral resources. It is located in Chifeng City, Inner Mongolia, which is known as "the hometown of non-ferrous metals in China". The company has a variety of mineral resources and rich reserves. It has the largest non-ferrous polymetallic mine with silver and tin as its main reserves in China. Its main products are lead, zinc, copper, iron, tin, bismuth, tungsten, antimony, silver and other non-ferrous metals, precious metals and black metals. Recently, the company issued an announcement that it intends to launch the establishment of Industrial gold sole proprietorship(Hong Kong)Mining company limited(Tentative name), the registered capital is respectively1000Ten thousand Hong Kong dollars.

Lianze's point of view: The company's establishment of a wholly-owned subsidiary in Hong Kong is an important measure to meet the strategic needs of the company to expand the development of overseas markets and continuously deepen the company's industrial chain layout. Hong Kong is an important international financial center and trade center in the world. As a link between mainland China and the international market for a long time, companies can make full use of Hong Kong's unique geographical advantages, expand overseas markets, acquire overseas high-quality mineral resources, and effectively allocate resources. Meanwhile, the Hong Kong subsidiary will work with Industrial Mining(Shanghai)In response, International Trade Co., Ltd. takes advantage of its location to speed up the process of integrating with the international market, actively carries out domestic and international commodity futures and spot trade, and improves the company's sustainable profitability and market competitiveness.

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