China's COFCO to reidentify Zhongyuan as financial arm

Beijing-headquartered China Oil & Foodstuffs Corporation (COFCO), China's top importer of agricultural products but also in steel and metallurgical products trading, will turn its recently-acquired Zhongyuan Special Steel into an investment and fund management arm via asset swaps, according to a Zhongyuan official's sharing on June 13.

Beijing-headquartered China Oil & Foodstuffs Corporation (COFCO), China’s top importer of agricultural products but also in steel and metallurgical products trading, will turn its recently-acquired Zhongyuan Special Steel into an investment and fund management arm via asset swaps, according to a Zhongyuan official’s sharing on June 13.To fulfill this,