On July fifth, Hong Kong International Mining Exchange Ltd.(HKIMX) and Hong Kong Hang Fu Capital Group Ltd. (HF) signed the Memorandum of Strategic Cooperation and the Framework Agreement on the Acquisition of Canada and Australia Mining Rights in Hong Kong, as to give their respective potentials to full play and expand their cooperation on the basis of equality, mutual benefit and development. 

Under the deal, HF will establish a Special Mining Fund with the high-quality mining rights screened and filtered by HKIMX. In the first round of financing, the fund will raise 5 Billion HKD. Depending on the operational aspect and circumstances, the second round of financing will also raise 5 billion HKD accordingly. With rolling development, the fund will be able to expand its scale to 30 billion HKD.

HKIMX engaged chiefly in exchange of mining right, exploration right, mining enterprise property rights, as well as minerals trading, prospecting and mining technology trading, and related equity trading in the mining industry. Meanwhile, the company provides trade information, trade clearing, trade consulting, project evaluation, and investing and financing services. HF is an investment and advisory company that focuses on financial futures and equity in China, the United States and Canada. The company manages investment funds in Chinese Yuan, Hong Kong dollar, U.S. dollar and Canadian dollar. It is committed to provide professional assets management services and create high return for funds, enterprise investors and individual of high net assets.