On August 17th, General Secretary Xi Jinping held a symposium to promote the construction of the "Belt and Road" initiative, sounding the "strongest voice" for Chinese enterprises to enter the "Belt and Road" initiative!
In order to thoroughly implement the national strategy of "the Belt and Road", Hengtong will launch another "big move"! On the afternoon of August 24th, Hengtong Group and the Export Import Bank of China Jiangsu Branch held a grand signing ceremony for a strategic cooperation agreement. Both parties clarified that the Export Import Bank of China Jiangsu Branch will provide financing support for Hengtong's international development in the next three years, helping Hengtong accelerate its "going global" pace. Leaders including Wu Gang, President of the Export Import Bank of China Jiangsu Branch, Yao Qihua, Vice President, Liang Yibo, Secretary of the Wujiang District Committee, Cui Genliang, Chairman of the Board of Directors of Hengtong Group, and Qian Jianlin, Executive Vice President, attended the signing ceremony. The signing ceremony was presided over by Cao Zhuojun, General Manager of Hengtong Finance Company.
In his speech, Cui Genliang introduced the recent development trend and internationalization progress of Hengtong, as well as the bank enterprise strategic cooperation between Hengtong and the Export Import Bank Jiangsu Branch. In recent years, the Export Import Bank of China Jiangsu Branch has actively utilized national policies to provide financing support for Hengtong's foreign trade, overseas mergers and acquisitions, overseas EPC general contracting projects, and enterprise transformation and upgrading, focusing on the implementation of Hengtong's internationalization strategy and corporate transformation and development. This provides strong and powerful support for Hengtong to accelerate industrial internationalization, implement global resource integration and operation. Cui Genliang stated that this signing is not only a win-win situation of strong alliance and mutually beneficial cooperation, but also of great significance for Hengtong to "go global", participate in international competition, and integrate into the tide of global economic development. I hope that both banks and enterprises can deepen their overseas business cooperation, making it a model for cooperation between banks and enterprises in the field of Chinese enterprises' "going global".
Wu Gang stated that since its establishment, the Export Import Bank of China Jiangsu Branch has always focused on serving the outward oriented economy, foreign trade, and enterprise "going global" as its business priorities. In the current overall downturn of the manufacturing industry, over 85% of new loans have been invested in the manufacturing industry. From the development practice and strategy of Hengtong Group, the business focus of the Export Import Bank Jiangsu Branch is highly aligned with Hengtong's international development strategy, and the potential for cooperation between the two sides is enormous with broad prospects. The Export Import Bank Jiangsu Branch will strive to support, provide good services, actively assist Hengtong's international development, and strive to achieve comprehensive cooperation, equality, mutual benefit, long-term stability, and common development between banks and enterprises.
Liang Yibo introduced the development of Wujiang's outward oriented economy and the situation of Wujiang's enterprises going global. He expressed the hope that the Export Import Bank Jiangsu Branch will strongly support Wujiang enterprises represented by Hengtong to "go global". The Wujiang District Government will continue to provide good services and promote the implementation of cooperation agreements. At the same time, we also hope that Hengtong Group can make good use of its strategic cooperation with the Export Import Bank Jiangsu Branch, expand its "going global" goals, and achieve leapfrog development.
Under the witness of on-site leaders, Yao Qihua and Cao Zhuojun respectively signed strategic cooperation agreements on behalf of both banks and enterprises. According to the agreement, the Export Import Bank of Jiangsu Branch will provide financing support for Hengtong in carrying out overseas investment, overseas contracting projects and other relevant "going out" projects, especially in implementing national key strategic projects such as "the the Belt and Road" and "international capacity and equipment manufacturing cooperation".
Looking at the world map as an enterprise and going out along the the Belt and Road, Hengtong's international layout has been accelerating in recent years. Hengtong has established 7 R&D industrial bases overseas, set up marketing technology service branches in over 30 countries and regions worldwide, registered overseas trademarks in over 100 countries and regions, and has business coverage in more than 120 countries and regions. In the first half of 2016, Hengtong's overseas revenue doubled year-on-year. According to the plan, Hengtong's revenue will exceed 80 billion yuan in the next three years, striving for 100 billion yuan, further accelerating global operations and industrial layout, and moving towards a first-class international enterprise.