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China National Building Materials Group and China CITIC Bank signed a strategic cooperation agreement to support manufacturing innovation and upgrading and international development


Release date:

2020-04-11

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China National Building Materials Group

On April 9, China National Building Materials Group and China CITIC Bank signed a strategic cooperation agreement in Beijing. Zhou Yuxian, Secretary of the Party Committee and Chairman of China Building Materials Group, and Fang Heying, President of China CITIC Bank, attended and witnessed the signing. Zhan Yanjing, Member of the Standing Committee of the Party Committee and Chief Accountant of the Group, and Yang Yu, Vice President of China CITIC Bank, signed the agreement on behalf of both parties. According to the agreement, China CITIC Bank will provide the group with an intentional credit line of 60 billion yuan, as well as financing credit, supply chain finance, investment banking, international trade, asset management and other services.

On April 9, China National Building Materials Group and China CITIC Bank signed a strategic cooperation agreement in Beijing. Zhou Yuxian, Secretary of the Party Committee and Chairman of China Building Materials Group, and Fang Heying, President of China CITIC Bank, attended and witnessed the signing. Zhan Yanjing, Member of the Standing Committee of the Party Committee and Chief Accountant of the Group, and Yang Yu, Vice President of China CITIC Bank, signed the agreement on behalf of both parties. According to the agreement, China CITIC Bank will provide the group with an intentional credit line of 60 billion yuan, as well as financing credit, supply chain finance, investment banking, international trade, asset management and other services.

Zhou Yuxian extended a warm welcome to the other party Heying and his entourage, and expressed his heartfelt thanks to China CITIC Bank for its long-term support to China National Building Materials Group, and introduced the group's competitive advantages in the "three-legged" business of basic building materials, new materials, engineering and technical services. The group's overall idea of resource integration and capital operation in the pilot construction of state-owned capital investment companies. He said that he hopes to continue to consolidate the existing cooperation foundation with China CITIC Bank and CITIC Group, and promote deeper and broader business cooperation in new material industry innovation, international development, and reorganization and integration of listed companies.

Fang Heying expressed his sincere appreciation for the active exploration of China National Building Materials Group in the pilot reform of state-owned capital investment companies. He said that China National Building Materials Group is the world's largest comprehensive building materials industry group and an important manufacturing central enterprise with advanced manufacturing technology. It is hoped that on the basis of the "general-to-general" cooperation model, the two parties will seize the good opportunities in the construction of state-owned capital investment companies and the internationalization process of the "Belt and Road", and collaborate with various resources within CITIC Group to provide integrated and specialized resources for China National Building Materials Group. Financial services to empower the reform and development of enterprises.

Liu Honghua, Business Director and President of Beijing Branch of China CITIC Bank, heads of strategic customer department, credit approval department, international business department, investment banking department, transaction banking department and other relevant departments of the head office, Chen Xuean, Vice President and Chief Financial Officer of China Building Materials, Chen Yongxin, General Manager of China Building Materials Import and Export, Liu Cheng, General Manager of Finance Company, Gan Zhiping, Director of Group Office, Qu Xiaoli, General Manager of Finance Department, and Zhang Hua of Capital Operation Department attended the forum.

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