HAIKOU, China, March 10, 2026 /PRNewswire/ -- A news report from China Daily:
The Rivers Yuanhang Mixed Securities Investment Fund, managed by Rivers Fund Management Co Ltd — officially opened for subscriptions to qualified overseas investors on March 3. The offering follows the issuance of the Implementation Rules for the Cross-Border Asset Management Pilot Business in the Hainan Free Trade Port by the Hainan branch of the People's Bank of China. It marks the first public fund accessible to international investors under the pilot program, representing a significant milestone in the financial opening in the Hainan FTP.
According to the 2025 pilot framework, the initial quota for this cross-border business is capped at 10 billion yuan ($1.38 billion). Overseas investors are allowed to use both onshore and offshore funds to buy four categories of asset management products issued by Hainan-based financial institutions — including wealth management, public and private funds, as well as insurance asset management products.
To ensure robust and compliant operations, Rivers Fund has established a comprehensive regulatory mechanism and conducted multiple rounds of system testing in partnership with the Shanghai Pudong Development Bank Haikou Branch. While the company initially focused on private asset management plans, the updated prospectus now officially includes provisions of public fund subscriptions to qualified international buyers.
Wang Shaohui, vice-president of the Bank of China Hainan Financial Research Institute, noted that the pilot program leveraged Hainan's institutional advantages to bridge domestic and international capital markets. By providing more channels for foreign investment, Hainan is aiming to strengthen its strategic position as a key gateway for China's "dual circulation" economic strategy — and to attract more global asset management institutions to the FTP.
Feel free to email us with any requests and suggestions: intlservices@hainan.gov.cn
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Hainan FTP launches public fund for international investors
LAS VEGAS, March 10, 2026 /PRNewswire/ -- At the recently concluded CONEXPO-CON/AGG 2026, one of the largest trade shows for construction industries worldwide, XCMG Crane showcased its commitment to the North American market with a portfolio of customized lifting equipment. Operating under the banner of "Solid XCMG, Steady Progress," the company presented three new crane models specifically engineered to meet the rigorous demands of local municipal, energy, and infrastructure projects, advancing from traditional equipment sales to comprehensive, tailored lifting solutions.
Reaffirming its global vision, XCMG is dedicated to evolving into a full-lifecycle, full-scenario lifting solution provider and a formulator of industry standards. By delivering quantifiable value throughout the equipment life cycle, the company aims to forge a path of high-quality development alongside its global partners.
Spotlight on North American-Specific Models:
XCA275_U All-Terrain Crane: This model features intelligent boom technology for precision operation, enhanced safety, and robust protection. Engineered for superior transport flexibility, it meets diverse axle load requirements across North America.
XCR130_U Rough Terrain Crane: Specifically designed to excel on unpaved surfaces and in confined spaces, the XCR130_U offers exceptional terrain adaptability, confidently navigating complex and challenging job sites.
XCT45_U Truck Crane: Perfectly suited for urban road conditions, this truck crane complies with operational permits in key U.S. states. This compliance significantly reduces the complexities and costs associated with cross-state transportation and logistics.
The quality and performance of the new models have resonated with industry veterans. A seasoned heavy equipment operator from North America shared his perspective, stating, "Initially, we had some reservations about XCMG. However, after a thorough on-site inspection, we were deeply impressed by the solid welding quality, robust hydraulic systems, and the thoughtful design for easy maintenance. The ready availability of parts and the reliable, outstanding performance on the job have far exceeded our expectations."
This commitment to reliability is underpinned by "invisible intelligence" and advanced manufacturing. As one of the first companies in China selected for the national "Leading Intelligent Factory" cultivation list, XCMG is driving a manufacturing revolution with digital technology. Leveraging flexible, intelligent production lines enables agile customization and rapid delivery, empowering the entire supply chain with data. This core competency in intelligent manufacturing delivers tangible and quantifiable efficiency gains for global customers, solidifying XCMG's steady progress in the high-end market.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
XCMG Crane Debuts Three U.S.- Tailored Cranes at CONEXPO 2026
