HONG KONG, Nov. 30, 2016 /PRNewswire/ -- National Agricultural Holdings Limited ("National Agricultural" or "the Company", or together with its subsidiaries, the "Group"; stock code: 1236.HK) is pleased to announce that on 29 November 2016, the Company and Dalian Renewable Energy Exchange Company Limited ("Dalian Exchange") established a joint venture enterprise -- Zhongxiao (Dalian) Data Processing Company Limited ("Data Processing Centre"). According to the agreement signed by the two parties, the registered capital of Data Processing Company is RMB 100 million. The equity interests will see 49% held by National Agricultural and 51% by Dalian Exchange respectively.
Operating as a bulk commodity exchange platform, Dalian Exchange has its own transaction data and financial data processing department. It has also joined hands with National Agricultural to set up and operate an independent Data Processing Centre. It has five informative management functions including data management of members' transactions, product transactions, inventory, capital settlement and clearing. Additionally it can carry out and apply Big Data analysis. This is an ambitious yet accurate decision.
After the establishment of the Data Processing Centre, it will receive the support from multiple financial institutions led by China Everbright Bank. The financial services provided to the Processing Centre include financing and cash management and other integrated financial services. After the establishment of the Data Processing Centre, the following aspects can be further reflected:
Effectively improve the efficiency of data processing to facilitate reduction of transaction costs throughout the process
The Independent Data Processing Centre will help improve the efficiency of online transaction data associated with the bulk commodity online trading platform of Dalian Exchange, so as to effectively reduce transaction costs of platform trading parties in purchasing, sales, fund clearing, fund supervision, warehousing, logistics and supply chain financial and other aspects of the operating costs to enhance the overall operating efficiency of the commodity trading platform, and ultimately providing better support for online trading customers of the bulk commodity trading platform and the continued growth of transaction volumes.
Leveraging on the real-time transaction data to further explore the endogenous value of data
Making use of the multi-level sound data processing systems and data systems to further explore and transform the endogenous value of online real-time transaction data. Providing services to Dalian Exchange, other commodity trading markets, and other parties including transaction data registration, supervision of capital liquidation data, warehousing and logistics data analysis, as well as integrated data value-added services. Commodities price index, corporate credit database and other top-grade data services will be launched after the establishment of the Data Processing Centre, so as to create a new profit-generating bulk commodity trading platform model.
Aim to upgrade to independent clearing centre, to develop capital related value-added financial services products
As the "intermediate service provider" between the trading platform and online trading participants, under the proper conditions of policy and market environment, aiming to upgrade to an independent clearing centre, to provide transparent, safe and efficient clearing and other value-added financial services for clients of online bulk commodity trading platform. Furthermore, the Data Processing Centre will expand major service targets from Dalian Exchange to other commodity trading platforms and factor platforms.
Realize the value of Big Data by multiple channels, to explore new profit model of big data
Firstly, the centre will analyze the specific commodity price index and supply and demand side transaction data, and provide paid services to the relevant on-line trading clients. Secondly, the centre will analyze data of settlement and warehousing logistics and establish a corporate credit database focusing on warehouse information so as to provide Big Data paid services to banks and other financial institutions that do supply chain finance on a large scale. Thirdly, the centre will directly participate in the public data exchanges from all of the Big Data exchanges throughout the nation.
Mr. Chen Li-jun, Chairman of National Agricultural, said: "Supply and marketing cooperatives have always attached great significance to comprehensive reform, of which reform to the bulk commodity electronic trading platform is one of the major initiatives. China's electronic trading platform for commodities is currently booming in China. It is necessary to further enhance the independence and security of transactions, trustees and clearing. The newly established independent data processing centre not only strengthens the intensification of processing functions of daily genuine transaction data and lay a solid foundation for the value realization of the data, but also opens up new and long-term profit earnings pipelines for National Agricultural. In the future, National Agricultural will further push forward the innovative development of internet financial businesses in factor markets, seizing market opportunities and advancing the Company's overall business strategy of 'platform + internet + finance'."
About National Agricultural Holdings Limited
National Agricultural Holdings Limited (1236.HK) is the first and only overseas listed supply and marketing systems in China, dedicated to providing services for agriculture, countryside and farmers and capturing the opportunities arising from rural financial services and rural e-commerce development. Riding on the two core platforms developed by the Group -- the China agricultural products trading platform and "Agripay" -- to develop e-commerce and rural financial services and actively promote the online trading of the supply chain resources of the agriculture capital groups and supply and marketing cooperatives in various provinces to further strengthen its framework of the nationwide online finance industry chain. Since its backdoor listing in 2013, the Company's market value has increased more than tenfold. The Company has successfully been chosen to be one of the candidates for the Shenzhen-Hong Kong Stock Connect (ranked 71 in order of market value).
About Dalian Renewable Energy Exchange Company Limited
Dalian Renewable Energy Exchange Company Limited ("Dalian Exchange"), established by China Co-Op Group Company Limited, is a national trading platform for renewable energy. Focusing on renewable energy, agricultural by-products, agricultural fertilizer, tea and other fields, Dalian Exchange has set up a new, highly efficient and safe trading platform which provides all the online clients with the comprehensive support services including spot transactions, settlement, clearing, logistics supervision, informatics, commodity financing and transaction settlement etc.
For enquiries, please contact Hill+Knowlton Strategies:
| Iris Wong Tel: (852) 2894 6263 Email: natagri@hkstrategies.com |
Jessica Wong Tel: (852) 2894 6317 |
