Hui KaYan separately meets many financial institutions of CITIC, China Merchants, etc. with bullish sentiment about Evergrande

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, to separately meet the executives of many financial institutions and enterprises, such as CITIC Group, China Merchants, etc., and reached a consensus on further strengthening cooperation in various fields to achieve mutual benefits and win-win results.

On the morning of April 6, the group led by HuiKaYan and Xia Haijun met the chairman-Chang Zhenming and the senior team of CITIC Group. The vice-general manager of CITIC Group, Zhu Gaoming, the chairman of CITIC Trust, Chen Yisong, the deputy governors of CITIC Bank, Zhu Jialin and Yang Yu, the managing director of CITIC Securities, Gao Yuxiang, the vice presidents of Evergrande Group, Xu Jianhua and Li Zhi, and the vice president of Evergrande Financial Group, Peng Jianjun attended the meeting.

Chang Zhenming applauded Evergrande for its past development performance. He said, Evergrande owns obvious development advantages and occupies the absolute core position in the real estate industry with huge potential for development. CITIC Group attaches great importance to cooperation with Evergrande, and will further expand the cooperation scope of the two sides, accelerate the pace of cooperation and consolidate relations of cooperation on the basis of existing cooperation, to achieve win-win situation.

HuiKaYan said, CITIC Group is a state-owned large-scale comprehensive multinational corporation, whose business involves banking, trust and securities, etc.. Evergrande has reached a strategic cooperation with CITIC Bank and CITIC Trust in 2015, and both sides hope to further expand their areas of cooperation.

A group photo of chairman Hui, president Xia and the president of China Merchants, Li Jianhong and its general manager, Li Xiaopeng

On the afternoon of April 9, in Shenzhen the group led by HuiKaYan and Xia Haijun met the chairman of China Merchants, Li Jianhong, its general manager, Li Xiaopeng, its vice-general manager, Sun Chengming, the chairman of China Merchants Finance, Hong Xiaoyuan, the chairman of Bosera Asset Management Corporation, Zhang Guanghua, the general manager of China Merchants in Shekou, Xu Yongjun, the president of China Merchants Securities, Wang Yan, the deputy governor of China Merchants Bank, Tang Zhihong, and the general manager of China Merchants Fund, Jinxu and other senior teams.

Li Jianhong said that Evergrande Group is highly complementary with China Merchants in the finance, health, culture, tourism and other industries, and hoped both sides to continue to strengthen communication and exchanges, giving full play to the advantages of Evergrande’s mechanism and China Merchants’ resources, and seek opportunities of cooperation to fully realize mutual benefits and win-win results. HuiKaYan said, China Merchants is a large state-owned enterprise with diversified industries, and has a wealth of management experience in the finance, real estate and other fields. He hopes that the two sides can play their own advantages to enhance the deepgoing cooperation in various fields.

It is showed that CITIC Group owns three flagship companies: CITIC Bank, CITIC Securities and CITIC Trust. CITIC Bank is one of commercial banks which have the most powerful capital, with total assets exceeding 5 trillion RMB; CITIC Trust is the largest trust company of asset management, with the trust assets of over 1 trillion RMB; CITIC Securities is the largest security company in China, with total assets exceeding 600 billion RMB by the end of last year. China Merchants is a national large enterprise group in Hong Kong, one of the four Chinese-funded enterprises in Hong Kong. It has total assets of 976.7 billion RMB, and total assets of 6 trillion RMB under its management.

The group led by chairman Hui and president Xia attended the meeting

It is reported that, in addition to the above two financial institutions, from April 5 to 9, the group led by HuiKaYan also met other financial institutions and enterprises, such as ICBC, ABC, CBC, Bank of Communications, PICC Group, China Investment Corporation, CMBC, Bank of Shanghai, Shanghai Pudong Development Bank, CITIC Securities, Guotai Junan Securities, China Asset Management, Hua An Funds, etc.. Analysts believe that the aforementioned financial institutions and enterprises have met Evergrande one after another, which indicates that the strength and business prospects of Evergrande have been highly recognized.