Shandong Heavy Industry Group Signs Strategic Co-operation Agreement with China Everbright Bank

On 5 June, Shandong Heavy Industry Group and China Everbright Bank signed a strategic cooperation agreement. Man Shengang, Party Secretary and Chairman of Shandong Heavy Industry Group (SHIG), and Yu Fachang, Member of CPC Committee and Vice General Manager of China Everbright Group (CEB), attended the signing ceremony and held working talks. Wang Zhijian, Deputy Secretary of the Party Committee and General Manager of Shandong Heavy Industry Group, and Wang Ping, Secretary of the Party Committee and President of China Everbright Bank Jinan Branch, attended the signing ceremony. Shen Chuandong, Senior Director of Shandong Heavy Industry Group, and Zhang Xuyang, Board Secretary of China Everbright Bank, signed the contract on behalf of both parties.

Man Shengang welcomed the arrival of China Everbright Group. He said, at present, Shandong Heavy Industry has continued to maintain a steady and good development trend in the fierce competition in the global market. Shandong Heavy Industry is committed to building a leading technology, green development, world-class high-end equipment multinational group. It is hoped that the two sides will further expand new areas of cooperation and explore new modes of cooperation globally, and jointly promote green, low-carbon and high-quality development through the financial support of Everbright Bank, which will help the Group accelerate the development of the international market and lead the equipment manufacturing industry chain towards the high-end.

Yu Fachang said, Everbright Group and Shandong Heavy Industry have a good foundation for cooperation and a broad prospect for cooperation, Everbright Bank always regards Shandong Heavy Industry as an important strategic partner and is committed to providing a full range of financial services. In the future, Everbright Bank is willing to further give full play to the Group’s strategic advantages in integrated finance, industry-finance synergy and cross-border operation, actively docking Shandong Heavy Industry’s development strategy and business needs, continuously digging into the potential for cooperation, innovating and optimising the mode of cooperation, and constantly improving the quality of service, to assist the high-quality development of Shandong Heavy Industry, and to join hands with Shandong to serve its development in the overall development of the country, ‘to take the lead, to take the lead’. ‘According to the strategic co-operation agreement, both parties will work together in the following areas

According to the strategic cooperation agreement, the two sides will carry out comprehensive cooperation in supply chain finance, capital settlement and wealth management, investment banking, cross-border business, interbank business, personal finance and other areas, to achieve complementarity of advantages, to establish a long-term and stable cooperative relationship, and to jointly serve the major national strategies.