Treasury silver reserves in the People's Bank of China, the purity of 999 silver. Silver with purity of 999 is wartime reserve silver, which is not sold in the market and only owned by state institutions. Therefore, China Baiyin Group did not use treasury silver, but obtained silver from other channels.
China Baiyin Group Co., Ltd. is a professional silver producer and comprehensive silver operator, engaged in diversified operations such as ore smelting, manufacturing, R&D and design, wholesale and retail, franchise chain, e-commerce and platform operation. Its business runs through the upper, middle and lower reaches, and it is a comprehensive enterprise that operates the whole industrial chain in China.