CITIC Trust Buys into China Hongqiao on Optimism over Aluminum Industry

Published: Aug 29, 2017 10:52

Save

Recently, CITIC Trust spent $700 million in subscribing to 10% of allotted shares issued by China Hongqiao.

SHANGHAI, Aug. 29 (SMM) – Recently, CITIC Trust spent $700 million in subscribing to 10% of allotted shares issued by China Hongqiao.

Aluminum Price Rise Cycle Just Begins

The move by CITIC Trust, which is based on thorough due diligence and prudent decision, will help reduce Hongqiao’s financing costs in the long run, Huang Pingyi, Deputy General Manager of China Hongqiao, said in an interview.

China Aluminum Inventories Grow further, SMM Says

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

CITIC Trust China Hongqiao

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

47 mins ago

[Live] Copper and Aluminum Wire and Cable Market Outlook, Analysis of Reverse Invoicing Tax Policy Situation, and Interpretation of Derivatives Risk Control and AI Computing Power Industry Opportunities

► Interpretation of China's Wire and Cable Market Status and Consumption Trends ► Analysis of Upstream and Downstream Fundamental Changes and Industry Development Trends for Aluminum ► Assessment of 2026 Copper Price and Market Trends ► How Copper and Aluminum Enterprises Use OTC Derivatives to Reduce Costs and Increase Profits ► Supply Chain Empowering Professional Upgrading of the Real Industry ► Recommendations on the Reverse Invoicing Tax Policy Situation and Digital Compliance Solutions for the Recycled Copper and Aluminum Industry ► On the Crest of the Computing Power Wave: New Opportunities for Cable Demand in the AI Era ► Smart IoT: Building a New Perspective on Intelligent Cable Manufacturing ► Application Status and Development Directions of Polymer Materials for Cables Under the New Situation ► Research on Key Technologies for Quality Control of Copper Rod Conductors Used in Cables

47 mins ago

13 hours ago

[SMM Analysis]China's Aluminum Extrusion Exports Hit New Monthly Record in June 2026, Up 29.7% YoY

SMM, July 22 - According to customs data, China's aluminum extrusion exports (HS codes 76041010, 76041090, 76042100, 76042910, 76042990) in June 2026 were 92,000 mt, up 6% MoM and 29.7% YoY. Cumulative exports from January to June 2026 were 447,000 mt, up 9.0% YoY.

13 hours ago

14 hours ago

SHFE: Cast Aluminum Alloy Warrants Down 272 mt to 18,183 mt on July 22

[SMM Flash] SHFE data shows that on July 22, total registered warrants for cast aluminum alloy stood at 18,183 mt, a decrease of 272 mt from the previous trading day. Specifically, Shanghai recorded 1,564 mt (down 31 mt), Guangdong 2,059 mt (down 29 mt), Jiangsu 4,166 mt (down 61 mt), Zhejiang 6,426 mt (down 91 mt), Chongqing 3,183 mt (down 60 mt), and Sichuan 785 mt (unchanged).

14 hours ago