Commerce, Industry & Trade (Group) co. Ltd, the new shareholder of the
Bank, is a private enterprise group established in 1988. The Group operates in
many different areas, more specifically focuses on the commodities wholesale
market (rental and management services), and diversifies into international
trade, development of modern livestock slaughter industry, logistic
transportation, constructions, hotel, tourism etc.
first entered Georgian market in 2007 and invested in local forestry
exploration, wood processing and mining. Hualing Group established the “Free
Industry Zone” in Kutaisi in 2009, with ongoing construction of infrastructure
facilities and installation of equipments. Hualing Group will establish a
large-scale modern commerce market and launch the Hualing International Special
Economic Zone Project.
2011 the group decided to enter the Georgian financial market. The key stimulus
for the decision was to benefit from the development prospects of the region
and the sector itself. The banking institutions are the most important means
for market development and banking is one of the most growing sectors in
Group intends to support the establishment of strong financial institution with
high-quality financial services, to strengthen and promote its sustainable
growth and development.
acquisition of 90% stakes in Basisbank by Xinjiang Hualing Industry & Trade
(Group) Co. Ltd, additional capital injection in the amount of 30 million USD
was made by the Bank’s new major shareholder in 2012.
Investment Projects of “Hualing
Group” in Georgia
„Hualing Group“ has started investment Projects in
Georgia since 2007 and up to know, „Hualing Group“ has
implemented 5 major
projects in Georgia with
total investment in the amount of USD 500 000 000 (end of 2014). According
to the recent figures, Hualing
Group“was named as the leading foreign investment group in Georgia.
the implemented Projects the first was timber logging project. The investment
was made in 2007 by acquisition of 20 years license.
processing plants are currently operating in Kutaisi and in Samegrelo region.
In addition, „Hualing Group“has furniture production business in Kutaisi, where
furniture from reprocessed wood is manufactured. Produced furniture is used as
for the own demand, as well as for wholesale orders, for example: furniture for
In 2012 „Hualing Group“ has
purchased in Georgia 20 years license on extraction of construction and
finishing stones, with
the right of extraction of 2
000 m³ of row materials. The type of material is
„Hualing Group“acquired the territory of the former bankrupt Automobile factory
in Kutaisi. The territory was completely reconstructed; communications restored
and equipped with all necessary facilities. This area is exploiting furniture
and stone processing plants. Investment
carried out in this project amounted to USD 31 170 000. In addition, Hualing Group opened a Hotel in Kutaisi.
The territory is ready for the opening of other factories and productions as
well. The part of territory with area of 36 hectares is going to receive the
status of Free Economic Zone. Consideration of the mentioned issue with the Ministry of Economy is in the final stage. Free Economic Zone status will make the territory more
attractive for the foreign investments and make investments of „Hualing Group“ even more profitable.
In 2012 „Hualing Group“ became JSC “BasisBank’s” shareholder. „Hualing Group’s“target is to promote and strengthen the
existing and future projects of the Bank and to enhance Chinese-Georgian
• New City of
In 2012 „Hualing Group“ started its largest Investment Project in Georgia
A New Tbilisi Sea
City”. The territory is placed in Northern-Eastern location of Tbilisi, adjacent to the Tbilisi Sea and has
area of 420 hectares.
According to the urban planning regulation the project territory is divided into the following
functional areas: living apartment zone of low and middle population, public-business, recreation, transport and
special zones. In compliance with regualtion
of the urban planning,
4 million m² of construction area was approved for the stated
“Hualing, Tbilisi Sea Residence”_ 2 million of m² of living area
„Hualing, Tbilisi Sea Plaza“ _ 2 million of m² of commercial
100 hectares of territory will be
utilized for roads,
recreation and leisure zones.
According to the plan, the construction of the New City of
Tbilisi Sea started in
and by the beginning of 2015 Hualing Group already constructed and completed eighteen
apartment buildings in the living area of the project. From the
beginning of 2015 sale of the stated residential apartments has commenced.
In May an official opening of „Hotels & Preference Hualing Tbilisi“ - 5
star premium-class Hotel with 247 rooms will be held
The part of territory is occupied by Olympic
Village which will host the Youth Olympic Festival in 2015. According to the agreement made between Hualing Group
and Georgian Government the
complex will be handed over to the State for the three months period in May 2015. Olympic
includes: 9 living apartment buildings with complete renovation, 5 –star Hotel
„Hotels & Preference Hualing Tbilisi“, Restaurant accommodating
2000 clients and
special parking territory.
In June, 2014 “Hualing Tbilisi Sea Plaza” was opened in ”Hualing. New City of Tbilisi Sea”. “Hualing Tbilisi Sea Plaza” construction area holds 300 000
m², the construction is divided into northern and southern parts and
is carried out in two stages.
The total area of the Southern part is 160 000 m², including 110 000 m² of shopping territory and 25
pavilions with total area of 1853