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Hanas Group and Hengfeng Bank launch cooperation to develop “Belt and Road” economic corridor

Hanas Group and Hengfeng Bank launch cooperation to develop “Belt and Road” economic corridor

In the afternoon of August 30, 2017, A Hanas delegation headed by Group CEO Xu Changning visited Hengfeng Bank Beijing Headquarters and held talks with the bank’s CIB President Xu Xinhong. Both parties agreed to launch “creative cooperation in energy financing sector to jointly develop a ‘Belt and Road’ economic corridor”.

Hanas Group CEO Xu Changning made a presentation on the Group’s developments in clean and new energy: Hanas develops green, safe and reliable clean energy and renewable energy to help alleviate the society’s dependence on polluting energy, and has made impressive progresses in the production, distribution, trading, retail, import of LNG as well as wind farm and solar farm developments.

Xu Changning also introduced Hanas nationwide expansion and strategy deployment. In the clean energy sector, Hanas will integrate resources and build up two clean energy hubs in the Northwest and Southeast; while in the new energy sector, Hanas has already completed the construction of its first 1 GW wind farm, and will expand its wind farm capacity to 1.2 GW by end of 2017, and will add 0.3 GW each year. By 2020, Hanas will complete the construction of a second 1GW wind farm.

Hengfeng Bank CIB President Xu Xinhong briefed Hanas visitors on the bank’s core businesses. Upholding its core value of “Perseverance Binds Success, Virtue Induces Wealth”, Hengfeng Banks operates on a flexible mechanism and has grown into a constructor of financial channels and platforms as well as a provider of diversified and comprehensive financial solutions. The bank strives to provide its clients and the society the most efficient and most satisfactory comprehensive financial services.

President Xu expressed his appreciation of Hanas Group for its remarkable achievements over the recent years. He believed Hanas is a respectable, visionary and international industry leader while the award-winning Hengfeng Bank is one of China’s 12 commercial banks and has very strong capital power. The cooperation of the two parties complies with China’s macro industry development direction, and thus has good foundation for further cooperation. Hengfeng Bank would like to join hands with Hanas to customize a diversified, full-range financing service package for Hanas so as to jointly empower China’s transformation in its energy structure.

Both parties recognized the importance of this dialogue for it has charted a new mileage of cooperation. They would hold further talks to study and finalize cooperation details and push forward the cooperation to develop a brand new energy financing cooperation mode to jointly develop a “Belt and Road” economic corridor.

The meeting was also attended by Hanas Group’s Vice President Ren Fenglan, General Manager of Capital Management Centre Yang Qian, Assistant to Vice President Li Jinming and Hengfeng Bank’s Energy and Mining Business Division Vice President Geng Jingdong, Energy and Mining Business Division Development and Planning President Wu Xirong and Head of Energy and Mining Business Division Qingdao Center Zhang Jingyu.

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