Hainan Rubber has announced that it inked a developing financial cooperation agreement with the Hainan division of National Development Bank.
The two sides agree that to raise a total of 20 billion yuan for all types of financial products from 2017 to 2022.
Hainan Rubber also inked a strategic cooperation framework agreement with the Hainan branch of PICC.
PICC and Zhejiang Nanhua Capital Management Co., Ltd. brought the “insurance + futures” model into Hainan Rubber to prevent the latter suffering from risk of natural rubber market price.
