Far East and CMBC Deepening Cooperation to Achieve Mutual Benefit

    On October 10, Director of Mingsheng Bank Nanjing Branch Lin Jingran, General Manager of Corporation Division Xu Zhixuan, General Manager of Investment Banking Arm Zhang Zheng, General Manager of Capital & Innovation Department Feng Fei, General Manager of Appraisal Department Xie Jiang, Deputy Directors of Minsheng Bank Wuxi Branch Jin Weidong and Wu Bo and Senior Assistant of Director of Minsheng Bank Yixing Branch Jiang Junpeng visited Far East for research and communication. Chairman of the Board and CEO of Far East Holding Group Jiang Xipei, Secretary of Group Board and Chairman of Smarter Energy Co., Ltd. (abbreviation: Smarter Energy; stock code: 600869) Jiang Chengzhi, CFO of the Group Chen Jianhong, CFO of Smarter Energy Wan Jun, investor and Senior Consultant Chen Xiaofen and Deputy Director of Capital Management Department Zhou Yin received the visitors.

Jiang Xipei Delivers a Speech at the Symposium

    At the symposium, Jiang Xipei expressed his gratitude to Minsheng Bank for its support over the years. He pointed out that Far East has always adhered to the development pattern of “core business + investment” and persisted in the development orientation of “global investment management expert and smart energy expert”. In terms of core business, the company has constantly promoted the transformation strategy of smart energy industry chain and gradually completed the construction of energy interconnection platform. Meanwhile, by the end of September 2016, Far East has invested in 329 enterprises, amongst which 82 have become public companies (27 of which are listed in the New Third Board). The core business and investment both have a good momentum of development. He introduced the development goals of Far East in 2020: realizing annual revenue of over RMB 135bn, with RMB 100bn achieved by Smarter Energy; annual net profit of over RMB 6bn, with RMB 5bn achieved by Smarter Energy; annual market value of over RMB 150bn, annual brand value of over RMB 50bn, and employees’ average annual income exceeding RMB 150,000.

    He indicated that Far East sticks to the principle of “centering on people with excellent character and ability” and will give priority to those people in terms of company’s resources. The company has issued a series of policies such as the Incentive Policy on Core Staff’s Long-term Increasing Holdings of Smarter Energy Stock and Preferential System for Purchasing Far East’s Housing Property. Minsheng Bank can provide relevant services for Far East’s staff. At last, he hoped that Minsheng Bank could support Far East as always and together achieve a win-win result.

Lin Jingran Delivers a Speech at the Symposium

    Lin Jingran pointed out that Far East and Minsheng Bank have established a good cooperation foundation and the two sides shared a close partnership in some major projects. On the basis of four reasons, Minsheng Bank wants to enhance comprehensive cooperation with Far East: Firstly, Far East is a respectable enterprise. Since its foundation, Far East has persevered in developing industries on a local basis and has made great contributions to improvement of local people’s livelihood and economic development; Secondly, the strategic positioning of Minsheng Bank is “being the bank of private enterprises”. The private economy in Wuxi develops well and the economic development has long possessed a good momentum and Minsheng Bank will focus on the development of Wuxi; Thirdly, Minsheng Bank now is capable of further supporting the development of private economy and selecting a batch of outstanding strategic clients for mutual growth; Fourthly, as the provincial architecture of Minsheng Bank, Nanjing Branch possesses an asset of around RMB 400bn. The branch is well-structured in finance and has an experienced leader team that can deal with great challenges.

    He suggested that Minsheng Bank Jiangsu Branch would actively implement the strategic positioning of “being the bank for private enterprises”, and constantly innovate in service model and product form to further improve service ability. The bank will create “steward-type” service model for strategic clients and “main bank” clients service model to support private enterprises and facilitate the development of real economy. He hoped to deepen the strategic cooperation with Far East and achieve mutual benefit through expansion of cooperation field and innovation in cooperation pattern.

The two sides also carried out communication and discussion on topics such as specific business cooperation and regional economic development.

Scene of the Symposium