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Group Signs Strategic Cooperation Agreement with China Construction Bank

2023/08/31

On December 3, the Group and China Construction Bank held a strategic cooperation signing ceremony in Beijing. Zhu Bixin, Secretary of the Party Committee and Chairman of the Group, and Liu Guiping, Deputy Secretary of the Party Committee and President of China Construction Bank, attended the ceremony and engaged in in-depth discussions on the two parties’ strategic cooperation. Tong Laiming, Vice President of the Group, and Zhang Gengsheng, Vice President of China Construction Bank, also attended the ceremony and signed the strategic cooperation agreement on behalf of their respective organizations.

At the meeting, Zhu Bixin outlined the achievements China Chengtong has attained since being designated as a pilot state-owned capital operation company, as well as the progress made in developing its four core platforms: fund investment, equity management, asset operations, and financial services. He noted that China Construction Bank is a leading large-scale joint-stock commercial bank in China that has made significant contributions to the country’s economic development over the years and has also provided strong support and assistance to China Chengtong’s growth. Looking ahead, China Chengtong stands ready to deepen cooperation with China Construction Bank across multiple areas, including fund management, financial services, shareholding operations, asset management, and health and elderly care, thereby contributing to the strengthening, optimization, and expansion of state-owned capital.

Liu Guiping outlined the current state of development, strategic positioning, and business footprint of China Construction Bank, and expressed gratitude to China Chengtong for its longstanding trust in the bank. He emphasized that the signing of this strategic cooperation agreement will further deepen the two parties’ business collaboration. China Construction Bank stands ready to leverage its strengths and, through a multi-pronged approach encompassing investment banking and M&A, financial technology, and housing rental services, provide China Chengtong with comprehensive, integrated financial solutions, thereby ushering in a new chapter of bank-enterprise cooperation.

This signing aims to forge a close integration between China Chengtong’s capital operations platform and the Industrial and Commercial Bank of China’s financial services platform. By deepening the comprehensive strategic partnership between the bank and the enterprise, the initiative will enable mutual complementarity of strengths and mutually beneficial outcomes, which is of great significance for the Group in fulfilling its role as a state-owned capital operations platform, optimizing the layout and structure of state-owned capital among central enterprises, and enhancing the efficiency of state-owned capital allocation and operation.

Relevant heads from China Paper, Chengtong Finance, Chengtong Fund, China Health & Wellness, the Group’s Financial Management Department, Financial Management Department, President’s Office, and Asset Management Department; as well as representatives from the Credit Approval Department, Strategic Clients Department, Asset Custody Business Department, and Group Asset Management Department of China Construction Bank, along with the Beijing Branch, CCB Fund, and CCB Pension, attended the meeting and signing ceremony.

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