HRIFHuman Resources Investment Fund
HRIFHudson River Improvement Fund (New York, NY)
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During the first half of 2017, HRIF upheld the development principle of "Robust Progress" and continued to expand its three business segments, namely, securities, corporate finance, and asset management and direct investment.
Asset Management and Direct Investment Business - During the first half of 2017, HRIF has sought to provide customers with customized, professional and integrated financial service solutions, through various measures such as establishing long-term partnerships with key customers, exploring new customers through business synergy, and subdividing and expanding professional investment teams.
Corporate Finance Business - HRIF is devote to provide institutional clients with comprehensive securities issuance and underwriting, financial advisory and financing arrangement services.
As at 30 June 2017, HRIF's margin loan balance was approximately HK$3.8 billion.
The good economic environment created favorable conditions for the business development of HRIF."
In the complicated and constantly changing macro-economic environment, HRIF will continue to adhere to "Stability, Innovation, Harmony, Development" as its core principles and strive to become "Professional Asset Manager, Excellent Integrated Financial Service Provider".
With all such efforts in the pipeline, HRIF seeks to propel the development of platforms regarding its three major business segments, namely securities, corporate finance, and asset management and direct investment, continue to enhance its core competitiveness and overall profitability, and create greater value for shareholders."
The HRIF can best be illustrated in a matrix form as shown below in Table 1.
Liu Xiaodong, Chairman and Executive Director of Huarong International Financial Holdings Limited said, "In the first half of 2016, HRIF further implemented its development strategy, speeded up its business expansion, strengthened its risk control and operational management, as well as achieved rapid and healthy development.
HRIF is the listed company on the Main Board of the Stock Exchange of Hong Kong Limited controlled by China Huarong Asset Management Co., Ltd.
HRIF has been included by Morgan Stanley Capital International (MSCI) as a constituent of the MSCI Global Small Cap Indexes - Hong Kong effective on 31 May 2016, representing the strong recognition from the capital market on the Group's business outlook.