From April 5 to 9, a group led by the chairman of the board of Evergrande Group, HuiKaYan, and the vice-chairman of the board and the president, Xia Haijun went to Beijing, Shanghai and Shenzhen, respectively met with the senior teams of several financial institutions and enterprises, each of which gave a general consent to the strength and performance of Evergrande, and reached a consensus on deepening mutual cooperation among them.

It is reported that on the morning of April 6, the deputy governor of CCB, Zhang Gengsheng, vice-general manager of credit approval department, Xiuqi, the general manager of the company’s business department, Kang Yi, the vice-general manager of financial markets, Zhang Zheng, the vice-general manager of asset management centre, Li Lijie, the deputy governor of Guangdong branch, Li Hongmao and other senior teams met the group led by HuiKaYan and Xia Haijun in the mansion of CCB, and the two sides had in-depth exchanges on further strengthening cooperation between banks and enterprises.

High-level meeting

Zhang Gengsheng gave a high remark on the steady and rapid development of the performance of Evergrande Group. He said, both Evergrande and CCB are the leading companies in their respective fields, and further expanding the cooperation between the two sides will consolidate and develop their good relations, to establish deeper cooperation relations, to achieve combination of the strengths and win-win development.

HuiKaYan expressed thanks to the CCB for its substantial support over the years. He pointed out, Evergrande has formed a new pattern including the real estate industry as its main business, and the finance, internet, health, culture, tourism and other diversified industries that continuously become bigger and stronger. The continuous in-depth cooperation with CCB will give full play to the huge advantages of integrating finance and industry. Therefore, the two sides will further realize mutual benefits.

Vice presidents of Evergrande Group, Pan Darong, Xu Jianhua, Wei Keliang, and vice president of Evergrande Financial Group, Peng Jianjun and other executives jointly attended the meeting.

High-level meeting

The insider analyzed that, as China’s economy has entered a new normal, the cooperation between banks and enterprises presents some new features, and the trend of two-way choice will be more obvious. “The residential scale, operational excellence and sound development momentum of Evergrande take the lead in the counterparts, and CCB has maintained the first place for many years in its industry as per financial business, such as individual housing loans. Relying on their strengths, the two sides can make in-depth cooperation in various fields, to generate a significant synergic effect.”

Statistics show that, as one of the four state-owned banks, the total assets of CCB exceeds 18 trillion RMB. It has over 14,000 domestic branches, with 341 million individual customers. By the end of 2015, its market value had ranked the fifth place in the listed banks in the world.

It is reported that in the whole process of the meeting, HuiKaYan led the top management team of Evergrande to separately meet the senior teams of many financial institutions and enterprises, such as ICBC, ABC, Bank of Communications, PICC Group, CITIC Group, China Investment Corporation, China Merchants, CMBC, Shanghai Pudong Development Bank, Bank of Shanghai, CITIC Securities and China Asset Management, etc.