China Chengtong signed a strategic cooperation agreement with China Construction Bank (CCB) in Beijing on Dec. 3rd. the Group’s Chairman Zhu Bixin and CCB’s President Liu Guiping witnessed the ceremony as the Group’s Vice President Tong Laiming and CCT’s Vice President Zhang Gengsheng signed the agreement on behalf of the two sides.

Zhu Bixin introduced China Chengtong’s achievements over the years as a state-owned capital operation company, and developments of the four pillar sectors, namely fund investment, equity management, assets management and financial services. China Contruction Bank, he said, is a leading joint stock commercial bank in China who has contributed a great deal to the nation’s economic developments for years. He also thanked CCB for its constant support in helping China Chengtong in relevant fields. In the future, Zhu believed that the two sides could carry out deeper cooperation in the fields of fund management, financial services, equity operation, assets management and health and elderly-care.

Liu Guiping briefed on CCB’s business developments, positioning and layout. He valued China Chengtong’s trust in CCB, pointing out that the signing of agreement indicated a deeper level of cooperation between both sides. CCB is willing to exploit its advantages in carrying out comprehensive financial services through investment bank M&A, FinTech, and house leasing.

The signing of agreements is aimed at establishing a close connection between China Chengtong’s capital operation platform and CCB’s banking and financial service platform, to help optimize SOE’s capital structures and increase capital allocation efficiency.