The Group Signed Strategic Cooperation Agreement with COAMC
On Dec. 28th, the signing ceremony of the Strategic Cooperation Agreement between the Group and China Orient Asset Management Corporation was held in Beijing. The Group’s president Zhu Bixin, vice president Li Yousheng and COAMA’s President Zhang Zi’ai attended the signing ceremony.
Zhu Bixin stated on the signing ceremony that, as significant asset operation platform of the State Council SASAC, China Chengtong has been accelerating asset integration and strengthening capital operation with the blueprint of SOE asset operation. China Orient Asset Management Corporation is one of the four biggest assets management companies in China and has many years of experience in finance and assets management. The Strategic Cooperation Agreement with COAMC represents the official start-up of overall strategic cooperation between the two sides and Zhu hoped both sides could deepen cooperative fields for a win-win development. Zhang Zi’ai said there was great potential of cooperation between the two sides. The cooperative fields are broad and complementary, and it is expected to realize the win-win goal with both sides’ efforts joined together.
According to the Agreement, the Group and COAMC have mutual needs from one another in SOE capital management, non-performing assets, storage and logistics, logistics and real estates, as well as overseas and finance. As gold brand finance cooperation, COAMC will provide a comprehensive and professional set of financial services in the process of the Group’s constructing the platform for SOE restructuring and capital operation.
The Group’s Assistant President Zhu Yue, Director of Strategic Development Center Tang Jianzhou, COAMC’s GM Wang Quan, Investment Department GM Shi Shuang, Equity Investment Department GM Shui Zhaohui were present on the signing ceremony.