NEXTView aquired Lix and thereby own 20% of PEM. In 2017, NextView has teamed up with Tibet Summit to establish a RMB10 billion (c. US$1.5 billion) natural resource fund to acquire overseas mining assets with a focus on the new energy and resources sectors. The funds limited partners will include several well-known financial institutions, including China Huarong Assets Co., Ltd. The financial backer is obvious or most likely going to be them. What will they invest and on which terms?