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Zhu Bixin met with Deputy Director of Chongqing SASAC

The Group’s Headquarters     2017-11-16         

On November 14, the Group’s President Zhu Bixin met with visiting Deputy Director of Chongqing SASAC Shi Jidong. The two sides made in-depth exchanges on strengthening the reform of state-owned enterprises, state-owned assets and capital operation. Li Bo, Chairman of Chongqing YuKang Asset Management Co., Ltd. (YuKang Company), attended the meeting.

 

Zhu Bixin welcomed the delegation headed by Shi Jidong and Li Bo, and introduced China Chengtong’s history of development and reform, the key work and development direction as the state-owned capital operation company. Zhu Bixin stated that China Chengtong and China Structural Reform Fund were willing to strengthen in-depth cooperation with Chongqing SASAC and YuKang Company in capital operation, fund investment, financial services and strategic emerging industries, to achieve mutual benefit and common development.

 

Shi Jidong introduced the economic and social development of Chongqing, as well as the main work Chongqing Municipal Party Committee and Chongqing Municipal Government have done in promoting the supply-side structural reform and deepening the reform and development of state-owned enterprises and state-owned assets. Shi Jidong said that Chongqing SASAC hoped to strengthen cooperation with China Chengtong in fund investment, state-owned enterprises and state-owned assets reform etc., especially the cooperation with YuKang Company.

 

Li Bo introduced the development of YuKang Company, its major business, achievements it has attained since its establishment one year ago and its future development prospects, by focusing on four aspects, namely acquisition and disposal of financial risk assets, restructuring and integration of state-owned distressed assets, revitalization and value appreciation of non-public inefficient assets, and operation of investment fund equity management. Li Bo noted that YuKang Company hoped to carry out in-depth cooperation with China Chengtong in equity management, asset management, risk management, innovation mechanisms etc.

Relevant personnel from China Chengtong Asset Management Corporation, Chengtong Fund Management Co., Ltd., the Group’s Office of the President, Department of Strategic Development, Chongqing SASAC and YuKang Company attended the meeting.

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