In August 2012, Elion and the People's Government of Jilin Province signed the Pan Asia Trust Restructuring Agreement. After the restructuring, Pan Asia Trust would be renamed to Elion Trust Co., Ltd., held by Elion, with registered capital of 5 Billion RMB .
Elion Finance Co., Ltd. was established on October 10, 2012 with a registered capital of 2 Billion RMB. The company kept zero non-performing loan rate for three consecutive years since its establishment, with return on asset of 2.94% and return on equity of 11.06%, representing a good profitability. Looking ahead in 2017, the company will help the group coordinate credit of 10 Billion RMB and inter-bank credit of 10 Billion RMB .
On March 8, 2015, the Green Silk Road Equity Investment Fund (the "Green Silk Road Fund") was launched in Beijing. On September 21, 2015, the People's Government of Pudong New Area of Shanghai and Elion Resources Group signed a memorandum of strategic cooperation, based on which the Green Silk Road Fund, initiated by Elion and co-founded with several large domestic and foreign financial institutions and entity enterprises, would be incorporated in Shanghai Free-Trade Zone. The fund is committed to ecological environment improvement of the Silk Road economic belt. The first phase fund size is 30 Billion RMB with 5 Billion RMB and 10 Billion RMB of investment expected in place in 2017 and 2018, respectively.
Elion Carbon Asset Management Co. Ltd, was established in 2014. In light of environmental protection and poverty alleviation and based on its low-carbon capabilities, the company is dedicated to becoming the most valuable integrated service provider in China’s low-carbon energy-saving industry chain, focusing on developing low-carbon integrated solutions. Its afforestation project in Kubuqi Desert, Inner Mongolia, the largest desert afforestation carbon trading project in China, has received notice of filing from the National Development and Reform Commission.
In August 2012, Elion and the People's Government of Jilin Province signed the Pan Asia Trust Restructuring Agreement. After the restructuring, Pan Asia Trust would be renamed to Elion Trust Co., Ltd., held by Elion, with registered capital of 5 Billion RMB .
In the internet finance area, Elion’s subsidiary, Sheng Ya Yun Ding Payment Co., Ltd., was approved to engage in internet payment business after it obtained the payment business license issued by PBOC on July 6, 2013. The company is dedicated to providing “safe, convenient and user-friendly” internet payment and settlement services.
