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COSCO Shipping Development Signed Strategic Cooperation Agreement with Qingdao Port Financial Holdings
发布时间: 2017-12-04


  On November 29, COSCO Shipping Development Co., Ltd. and Qingdao Port Financial Holdings Co., Ltd. entered into a strategic cooperation agreement at Boao, Hainan.

  Xu Lirong, chairman and secretary of Party Leadership Group of China COSCO Shipping Corporation Limited (“COSCO Shipping” or “Group”), Wan Min, director and general manager of COSCO Shipping, Zheng Minhui, chairman and secretary of Party Committee of Qingdao Port Group, and Zhang Qingcai, chief engineer of Qingdao Port Group, appeared at the signing ceremony and witnessed the signing of the contract. Wang Daxiong, chief operating officer of COSCO Shipping Development Co., Ltd., and Jiang Chunfeng, deputy chairman of Qingdao Port Financial Holdings Co., Ltd., signed the contract on behalf of their respective companies. Present at the signing ceremony were Han Jun, general manager assistant of the Group; Zhang Wei, general manager of the Group’s Operation Management Headquarters; Du Haiying, general manager assistant of COSCO Shipping Development Co., Ltd., Yuan Wei, deputy general manager of Financial Business Department, and personnel from relevant departments as well as Zhang Qingcai, chief engineer of Qingdao Port Group, Zhang Jiangnan, deputy president of Qingdao Port Group, Yang Qian, general manager of Qingdao Port Financial Holdings Co., Ltd. and leaders of relevant departments.

  Under the foregoing strategic cooperation agreement, both parties agreed to establish a comprehensive strategic partnership. In the future, both sides will conduct deep, comprehensive cooperation in financial business fields including industry fund, investment, asset management, obtainment of financial license, supply chain finance and leasing transaction to optimize allocation of respective resources, forge a win-win relationship and realize mutual development.

  Before the signing ceremony, Wang Daxiong, CEO of COSCO Shipping Development Co., Ltd., met and talked with Zheng Minhui, chairman and secretary of Party Committee of Qingdao Port Group. They both explained the development of their respective groups at this new stage, and conducted in-depth communication on future cooperation between both sides in various financial fields for industry-finance integration. Relevant leaders and department heads of COSCO Shipping Development Co., Ltd. and Qingdao Port Group also participated in this meeting.

  Qingdao Port Financial Holdings Co., Ltd. is now a financial holding company affiliated to Qingdao Port Group whose core businesses include port industry finance and logistics finance.

 
 
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Cosco Shipping Development Company Limited (formerly China Shipping Container Lines Company Limited), a specialized corporation affiliated to China COSCO Shipping Corporation Limited, is mainly involved in supply chain integrated financial services. It was established in 1997, with head office in Shanghai, the PRC, and is listed both in Hong Kong and Shanghai. The registered capital of the Company is RMB11.68 billion. As at June 30 2016, the Company had total assets of RMB101.29 billion.
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