TechFlow, August 11 — According to Zhitong Caijing, Hongqiao Group (08137) announced that after market close on August 8, it entered into a non-binding Memorandum of Strategic Cooperation with Oriental Yilin Industrial Co., Ltd. Oriental Yilin is a comprehensive digital operator of forestry assets established in China.
According to the memorandum, the main areas of cooperation include jointly exploring financialization pathways for precious timber assets using Hainan Huanghuali living trees as underlying assets, promoting industrialization of ecological resources, capitalization of ecological industries, productization of ecological capital, and marketization of ecological products. Leveraging the latest trends in RWAs, stablecoins, and compliant digital currency issuance, both parties aim to establish a green economic closed loop integrating "precious timber industrial resources + finance + blockchain".
The announcement stated that the Group focuses on business models within the resource sector and is committed to identifying investment opportunities with resilience and stability. Hainan Huanghuali ranks first among the world's top five precious timbers, possessing characteristics of scarcity, growth potential, and high value. The proposed cooperation aligns with the Group’s exploration of potential business development models and strategic deployment requirements.
