On December 25th, Liu Jun, Deputy Secretary of the Party Committee and President of Industrial and Commercial Bank of China (ICBC), met with Xu Siwei, Secretary of the Party Committee and Chairman of China Reform Holdings Corp., Ltd. in Beijing. The two sides held working talks to further deepen their comprehensive strategic cooperation. Zhao Guide, Member of the Party Committee and Vice President of ICBC, and Liu Xueshi, Member of the Party Committee and Chief Accountant of China Reform Holdings, among others, attended the meeting.
ICBC and China Reform Holdings are each other's important strategic partners and have maintained close cooperation in areas such as assisting state-owned enterprise reform, supporting technological innovation, and promoting industrial upgrading. Both parties will earnestly study and implement the spirit of the Fourth Plenary Session of the 20th Central Committee, thoroughly implement the relevant deployments of the meeting of central enterprise leaders, and focus on better leveraging the strategic supporting role of the state-owned economy. They aim to deepen all-round practical cooperation, jointly serve the implementation of major national strategies, support high-quality economic and social development, and contribute greater strength to the modernization drive.
The two sides also signed a new round of a strategic cooperation agreement. According to the agreement, ICBC will provide comprehensive financial solutions for China Reform Holdings in areas including domestic and international investment and financing, fund investment, asset management, and equity operations. This collaboration is intended to empower the efficient allocation of state-owned capital and jointly build a new ecosystem for bank-enterprise cooperation with China Reform Holdings.
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