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ITS BUSINESS

The business under the banner covers the four business sectors of Mining development

asset management, securities, and life insurance .

BAY AREA GOLD

Asset management

Shenzhen Baosheng Mining industral Co.,Ltd
Shenzhen MUNSUN Asset Management Co., Ltd. (Private Registration No.: P1000779), established in 2007 with a registered capital of 100 million yuan, is one of the earliest companies engaged in private equity business in the country; the company is deeply involved in private equity investment, involving primary market and secondary market. , M&A, PE, equity investment and other projects, the investment direction spans TMT, clean energy, mining, agriculture, medical and insurance and many other industries. The company's accumulated product management scale exceeds RMB 17 billion. The management team is from financial institutions such as banks, trusts and brokerage firms. It has more than 10 years of experience in the financial industry.


HongKong Bay Asset Management Limited

HongKong Bay Asset Management Limited was established in 2011. It has been able to engage in the ninth category (providing asset management) and the fourth category (for securities) from March 8, 2012 and October 30, 2014 under the Hong Kong Securities and Futures Ordinance. Advice on licensed corporations subject to regulated activities. It is mainly engaged in the provision of investment management and consulting services. It has managed a number of funds, covering clean energy, agricultural consumer goods, high-end equipment, new technologies and many other fields.

Securities

Shenzhen Munsun Asset management Co., Ltd
Shenzhen Munsun Asset management Co., Ltd, an Exchange Participant of the Stock Exchange of Hong Kong Limited (Participant Code: B01674), licensed by the Securities and Futures Commission of Hong Kong for Class 1 (Securities Trading) and Category 4 (for Securities) Advice) Licensed corporations for regulated activities (Central No.: AFA715). The company has been licensed by the Securities and Futures Commission since 1998 and has a history of 17 years. In mid-2014, with the approval of the Hong Kong Securities Regulatory Commission, Maisheng Asset Management Co., Ltd. successfully invested in Dazhonghua Securities Co., Ltd. held by Hong Kong-based merchants and changed its name to Maisheng Securities Co., Ltd. On June 25, 2019, Munsun Securities Co., Ltd. changed its name to Hongkong Bay Securities Limited
       The Harbour Securities team has relevant professional qualifications and rich experience, and strives to provide clients with comprehensive quality and professional securities brokerage, transaction settlement and investment research consulting services. Through good risk management and internal control systems, we are able to provide our customers with sound asset management services, and the strength of the Group is enough to be a trusted investment partner for our customers. Looking ahead, Harbour Securities will strive to open up new markets and provide customers with more diversified investment products.


Life insurance

Insurance section
In January 2017, Hetai Life Insurance Co., Ltd. obtained the approval of the China Insurance Regulatory Commission and the insurance company legal person license, and completed the industrial and commercial registration, formally established. Registered capital of 1.5 billion yuan, business scope: ordinary insurance, including life insurance and annuity insurance; health insurance; accident insurance; dividend insurance; universal insurance; reinsurance business of the above business; use of insurance funds allowed by national laws and regulations Business; other business approved by the China Insurance Regulatory Commission.

Hetai Life is committed to becoming an innovative life insurance company with light assets, high efficiency and high integration with the Internet. The company pays attention to user needs and experience. In the early stage, it adopts the business model of Internet and bank insurance and group insurance. The product service integrates into the user's life scene, and connects various online and offline platforms with the "insurance +" strategy to connect users in all directions.

The Bay Area Gold Group is one of the founders of Hetai Life Insurance and holds a 14% stake in Hetai Life Insurance through its subsidiaries, one of the seven major shareholders. The Bay Area Gold Group has been using its own resources to help the development of Hetai Life Insurance, and actively expand the Group's close cooperation with life insurance and develop synergistically.

Mining development

Mining development
The company is committed to mineral resources exploration, comprehensive development and utilization, and the construction of beautiful and harmonious modern mines. Now it has five mines, namely Yunnan Mojiang Gold Mine, Yunnan Hengyi Gold Mine, Henan Yuling Gold Mine, Henan Jinxing Gold Mine, and Inner Mongolia Yongfeng Gold Mine. The company has 9 mining rights and 14 exploration rights, mainly gold mines, supplemented by other precious metals and non-ferrous metals. The reserves of gold metal resources within the existing tenements are about 85 tons, and the prospective reserves are expected to exceed 100 tons. The company will continue to strengthen the exploration of mineral resources and provide a strong mineral resource guarantee for the sustainable and healthy development of Maisheng Capital Group Co., Ltd.

The founding team formed and managed the fund in Hong Kong, creating a group company across the Bermuda Islands, Hong Kong and mainland of China;

2003

2011

Based on the understanding of industrial policy and the advantages of integration of upstream and downstream resources, Bay Area Gold has undergone a strategic transformation. A single secondary market securities investment model was transited to a deep investment model as a means of mergers and acquisitions, PE and corporate financing to support for enterprise development, maximizing the long-time value of capital markets. The form of product has gradually changed from a securities investment fund in the secondary market into an industrial investment fund, an M&A investment fund and a PE investment fund supplemented with a secondary market securities investment fund. The main investment areas cover clean energy, mining, agriculture, medical industry, insurance, finance, film and television entertainment and so on;

2012

Bay Area Gold Spent US$140 million to become the fourth largest cornerstone investor of Peoples Insurance Group of China (1339.HK) who listed in the Hong Kong Stock Market;

2014

Bay Area Gold acquired a brokers office with a long history by capital injection and changed the name into Bay Area Gold Securities Co., Ltd;
Bay Area Gold has invested HK$500 million and increased its holding in the secondary market to become the second largest shareholder of Tianlun Gas Group (1600.HK), and has successfully introduced IFC, an international financial company affiliated to the World Bank, to hold 10% stake in Tianlun Gas to enhance the shareholder base for Tianlun of gas;
Bay Area Gold, Tencent and PICC, jointly invested RMB 10 billion to become the largest investor of Sinopec Sales Co., Ltd. in the capital increment project of the first state-owned enterprise mixed reform.


2015

Bay Area Gold has acquired Chinese largest non-state-owned gold mining company, China Precious Metals (code 1194.HK), and injected all of assets of Bay Area Gold and financial licenses into it. Bay Area Gold successfully became an international capital group listed on the main board of Hong Kong which was held by the public;

2016

Bay Area Gold, CITIC Group and SBCVC invested HK$ 100 million respectively to strategically become shareholders of Digital Domain (547.HK), which is a leader of in the area of film special effect and VR worldwide.
Up to October 2016, Bay Area Gold has managed 16 fund products in Greater China and became one of the largest private equity asset management companies in China;


2018

In September 2018, the rights issue was completed by Bay Area Gold, amounting to HK$ 1,08.6 million.Up to December 2018, Bay Area Gold has managed many funds and became one of the largest private equity asset management companies in China;

In October 2019, Munsun Capital Group officially changed its name to Bay Area Gold Group;


NOW

Bay Area Gold has multiple licenses issued by regulators in many markets;
Bay Area Gold Shenzhen holds the Private Fund Manager Certificate issued by China Securities Investment Fund Association. Harbour Asset Management Co., Ltd. holds No. 9 license (providing asset management) and No. 4 license issued by Hong Kong Securities Regulatory Commission (provided for securities investment) Opinion), Hongkong Bay Securities holds the No. 1 license issued by the Hong Kong Securities and Futures Commission (securities transaction)


2019

BAY AREA GOLD