BOC Chairman Meets with CSSC President to Strengthen Strategic Cooperation

Deep News03-10

On March 10, Ge Haijiao, Chairman of BANK OF CHINA (BOC), held a working meeting with Xu Peng, Chairman of China State Shipbuilding Corporation Limited (CSSC), at the BOC headquarters building. The two leaders witnessed the signing of a cooperation agreement between their respective organizations. Yang Jun, Vice President of BOC, and Zhu Yonghong, Chief Accountant of CSSC, also attended the event.

Ge Haijiao stated that the recently released draft outline for the 15th Five-Year Plan provides a systematic deployment for "accelerating the construction of a strong maritime nation," charting a course for high-quality development in the marine economy. He noted that CSSC is a cornerstone of China's marine equipment development and a key partner for BOC. The collaboration between the two entities in major projects, guarantees, and cross-border RMB business has been substantial and effective. Seizing the opportunity presented by this agreement, BOC will further align with CSSC's 15th Five-Year Plan objectives. The bank aims to address CSSC's development needs in scientific research, foreign exchange risk management, and personal financial services by enhancing its global service capabilities, increasing comprehensive service offerings, and strengthening its technological finance support. These efforts are intended to promote the international use of RMB in the shipbuilding industry and actively support technological R&D and the commercialization of innovations, thereby jointly contributing to building China into a manufacturing, technological, and maritime powerhouse.

Xu Peng expressed gratitude for BOC's long-standing support and assistance. He emphasized that CSSC remains committed to implementing the decisions of the Communist Party of China Central Committee, vigorously developing its defense, shipbuilding, marine equipment, strategic emerging industries, and modern manufacturing services sectors. The corporation is continuously optimizing and upgrading its industrial structure while accelerating the deep integration of technological and industrial innovation. From the new starting point of the 15th Five-Year Plan period, Xu Peng expressed hope that BOC and CSSC would leverage their respective industrial strengths to efficiently implement the signed cooperation agreement. He proposed expanding the depth and breadth of collaboration in cultivating new quality productive forces, innovating ship finance service scenarios, and developing ship leasing businesses. The goal is to establish a new model of industry-finance integration for the shipbuilding sector and create a new situation of mutual benefit and win-win cooperation.

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