On October 27, Yao Qihua, vice president of The Export-Import Bank of China Jiangsu Branch, Xu Mengyang, director of Business Department IV, Zhang Pengfei, vice director of Business Department IV and Xue Yuli, senior manager of Business Department IV visited Far East Holding Group Co., Ltd. Jiang Xipei, chairman of the Board and CEO of Far East Holding Group Co., Ltd., Chen Jianhong, CFO of the Group, Chen Xiaofen, investor and senior advisor received the visitors.
Jiang Xipei Delivers a Speech at the symposium
At the symposium, Jiang Xipei introduced basic information of Far East Holding Group. He pointed out, during the development, Far East Holding Group tries to achieve “good, fast and stable” development and control product quality so as to make the brand of Far East Holding Group well-known and help Far East Holding Group become an international and modern enterprise. Over the years, Far East Holding Group has persisted in the development mode of “main business + investment” and got obvious return from investment business. Moreover, its listing company Far East Smarter Energy Co., Ltd. (Smarter Energy; Stock Code: 600869) has also witnessed rapid industrial development. This year, the profit of the Group is expected to make a new record. In terms of merger and acquisition, Far East Holding Group has persisted in selecting top 3 enterprises in the industry or top 2 enterprises in the market segment which are in line with the development strategy of the Group. He indicated, Far East Holding Group has actively built strategic cooperation relations with domestic and overseas financial institutions, based on the principle of “reciprocity and mutual benefit, joint development”. As a policy related bank, the Export-Import Bank of China has made outstanding contribution to state development and become a solid backup force for stability of national economy. Far East Holding Group would like to make an in-depth exchange with the Export-Import Bank of China to seek strategic cooperation opportunities and drive the win-win development of both parties.
Yao Qihua Delivers a Speech at the symposium
Yao Qihua introduced main businesses of the Export-Import Bank of China. As one of the three policy-related banks in China, the Export-Import Bank of China is a major force of the support system of China’s foreign trade and economy, an important part of financial system, the main policy-oriented financing channel for export of Chinese mechanical and electrical products, complete equipment and hi-tech products as well as contract foreign projects and various overseas investment, the main on-lending bank of foreign government loans and the provider of government concessional loan. He indicated, since the implementation of “One Belt and One Road” Initiative, the Export-Import Bank of China has implemented the major national strategy and witnessed rapid development in business. Domestically, the Export-Import Bank of China has implemented the deployment of “steady growth” policy launched by the State Council and shouldered the heavy responsibility of supporting industry and serving development of excellent enterprises. Far East Holding Group is a leading enterprise in its field. In recent years, it has remained a strong development momentum. He addressed, the Export-Import Bank of China would like to provide financing support for Far East Holding Group to accelerate the development of Far East Holding Group. He also indicated that the Export-Import Bank of China would like to have a long-term cooperation with Far East Holding Group to achieve win-win cooperation based on reciprocity and mutual benefit of both parties.
Xu Mengyang Introduces Business Mode and Process
Later, Xu Mengyang introduced main businesses, loan business and process of the Export-Import Bank of China. Leaders of both parties discussed specific cooperation.
The visitors paid a visit to the Science Museum of Smart Energy and MV Cable Factory of Smart Energy. Ma Yueqin, investor, senior director of Smarter Energy and general manager of Far East Cable, Ouyang Jian, assistant director of finance and senior director of Finance and Fund Department of Smarter Energy and Zhou Yin, vice director of Capital Management Department of the Group received the guests.
The Symposium