Yiwu China Commodities City Financial Holdings Co., Ltd. announced that it will receive an equity round of funding for gross proceeds of CNY 3,000,000,000 on December 12, 2017. The transaction will involve participation from returning investor Zhejiang China Commodities City Group Co., Ltd. (SHSE:600415). Post the closing of the transaction, the registered capital of the company will increase from CNY 1,000,000,000 to CNY 4,000,000,000 and the investor will retain its 100% stake in the company. The transaction was approved by Zhejiang China Commodities City Group Co., Ltd. (SHSE:600415) in the 11th meeting of its 7th directorate.