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| Tuesday, 7 June 2016, 16:03 HKT/SGT | |
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Source: SPD Bank | |
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| Assisting Chinese Enterprises in "Going Global" |
HONG KONG, June 7, 2016 - (ACN Newswire) - The Hong Kong Branch of the leading nationwide joint-equity commercial bank Shanghai Pudong Development Bank Co., Ltd. ("SPD Bank" or "the Company", Stock code: 600000.SH) today held the "Opportunities and Challenges of Internationalization of Chinese Enterprises Forum" in JW Marriott Hotel Hong Kong, inviting famous economist and leaders from different Chinese enterprises to share the latest trends and opportunities of internationalization with about 200 Chinese entrepreneurs and discuss the sustainable development of the "Going Global" strategy, so as to assist those enterprises entering into the international platform.
China's economy has enjoyed a high-speed growth over the past few years while the government has also strongly supported the overseas investment strategy of Chinese enterprises and encouraged them to go global. Following the launch of the country's major development strategy of "One Belt One Road" and the further promotion of RMB internationalization, the internationalization of the Chinese enterprises has now become a popular topic. As such, SPD Bank's Hong Kong Branch has held the "Opportunities and Challenges of Internationalization of Chinese Enterprises Forum", inviting Professor Ba Shu-song, the Chief China Economist of the Hong Kong Exchanges and Clearing Ltd., Mr. Chen Shuang, CEO of China Everbright Limited and Dr. Lin Yong, CEO of Haitong International, to share their views on the trend and opportunities of the internationalization of Chinese enterprises with leaders coming from Chinese enterprises, investment banks, fund management companies and insurance companies and discuss the future development of Chinese enterprises with them. Mr. Raymond Chan, the Executive Director of the Hong Kong Monetary Authority, also attended the Forum.
This year is also the fifth anniversary of the foundation of SPD Bank's Hong Kong Branch. Mr. Liu Xinyi and Mr. Cui Bingwen, the President and the Vice President of SPD Bank respectively, as well as Ms. Zhang Li, CEO of the Hong Kong Branch of SPD Bank, attended the Forum and delivered speeches to thank to the long-term support of the customers and the community. The SPD Bank's Hong Kong Branch was established in 2011. With the philosophy of "Innovative thinking, Considerate Services", the Hong Kong Branch has been actively operating the business while staying close to the market, providing high quality services to the customers and building up a good market reputation. During the past five years, the business scale of the Branch has grown steadily with an increasing profitability.
Mr. Liu Xinyi, President of SPD Bank, said, "The establishment of the Hong Kong Branch of SPD Bank in 2011 is not only an important pace of the lender to promote internationalization, but also a remarkable milestone of the Company's development history. SPD Bank is committed to moving toward the goal of becoming a comprehensive modern financial services company while continuously participating in the development of the cross-border financial service with innovative thinking, providing relevant support and services to Chinese enterprises which are "going global" and facilitating the internationalization of those companies. By leveraging on the advantages of being as a foreign branch, we believe the Hong Kong Branch will be able to continue to provide superior international financial services to Chinese enterprises and institutions."
Ms. Zhang Li, CEO of the Hong Kong Branch of SPD Bank, said, "SPD Bank's Hong Kong Branch is devoted in promoting the international business of SPD Bank and facilitating the financial cooperation between Shanghai and Hong Kong. Through the cross-border collaboration, we are able to fully utilize the competitive advantages of the Group while providing professional financial services to our customers. During these five-year developments in Hong Kong, we have already laid a solid foundation in the local capital market. In the future, we will continue to provide high-quality financial services while actively seize market opportunities to grow together with our customers, aiming to develop ourselves into a modern financial services company with core competences."
Topic: Press release summary
Source: SPD Bank
Sectors: Daily Finance, Daily News
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