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Hongqiao Group Expands into RWA, Collaborates with Eastern Yilin to Build 'Timber + Finance + Blockchain' Ecosystem

Summary: Hongqiao Group (08137) announced a non-legally binding strategic cooperation memorandum with Eastern Yilin Industrial Co., Ltd. on August 8 after market close. Eastern Yilin is a digitalized comprehensive operator of timber assets registered in China. The memorandum outlines cooperation to explore the financialization of precious timber assets using Hainan Huanghuali live timber as the underlying ...

Hongqiao Group (08137) announced a non-legally binding strategic cooperation memorandum with Eastern Yilin Industrial Co., Ltd. on August 8 after market close. Eastern Yilin is a digitalized comprehensive operator of timber assets registered in China. The memorandum outlines cooperation to explore the financialization of precious timber assets using Hainan Huanghuali live timber as the underlying asset, integrating RWA, stablecoins, and compliant digital currency issuance to establish a 'precious timber industry resources + finance + blockchain' green economic ecosystem. The group focuses on resilient and stable investment opportunities in the resource sector, with Hainan Huanghuali being one of the world's top five precious woods known for its scarcity, growth potential, and high value attributes, aligning with the group's strategic development requirements.

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