CMIG Leasing Unveiled in Tianjin, CMIG’s Latest Endeavor to Strengthen Cross-border Industry-Finance Integration

 

 

China Minsheng International Financial Leasing Co., Ltd (CMIG Leasing) was officially inaugurated in Tianjin Yingbin Hotel on June 8th.

CMIG Leasing is a financial leasing joint venture founded by China Minsheng Investment Corp., Ltd. (CMIG) and Korean Hana Bank in April 2015, with a planned registered capital of 6 billion yuan and an initial registered capital of 3 billion yuan. CMIG Leasing will take the advantages of the shareholders’ strength, including brand effect, resources integration, cross-border fund-raising, leasing expertise and others. It will fully tap “domestic and overseas resources and markets", "featuring specialization and globalization, while maintaining the nature of an investment bank". It is a domestically-based company that provides services for the whole world.

CMIG Leasing will work to embark on the road to specialized and sustainable development while being committed to specific segments. It upholds the operation strategy of “supporting investment by leasing, driving leasing by investment, paying equal attention to investment and financing, and achieving leapfrog development.” While maintaining “aviation, shipping and energy” as its core business, CMIG Leasing will make great efforts in developing business in important fields such as oceaneering, cold-chain logistics, new energy and helicopter. It is committed to “propelling CMIG’s strategy of industry-finance integration.” Meanwhile, CMIG Leasing will devote major efforts to the exploration of overseas markets. With global perspective and regional strategy, it will facilitate the restructuring and upgrading of the real economy, serving China’s “going global” strategy and “One Belt One Road” strategy in an all-round way.

Deputy mayor of Tianjin Municipality Yan Qingmin, municipal government deputy secretary general Chen Zongsheng, president of CMIG Li Huaizhen, president & CEO of CMIG Leasing Wang Rong, president of Hana Bank (China) Co., Ltd Sungkyu Ji, chief economist Tang Guoxing, and senior officials from the Tianjin branch of the People's Bank of China, Tianjin Finance Bureau and the Administrative Committee of Dongjiang District attended the inauguration. Yan Qingmin and Li Huaizhen unveiled the nameplate.

Deputy mayor Yan Qingmin and the delegation led by Li Huaizhen had a panel discussion before the unveiling ceremony. During the discussion, Yan Qingmin first extended congratulations to the inauguration of CMIG Leasing. He pointed out that Tianjin was facing five strategic opportunities, i.e. synergetic development of Beijing, Tianjin and Hebei province, implementation of “One Belt One Road” strategy, development and opening up of the Binhai New Area, the construction of pilot free trade zones and model district of independent innovation. The timing of CMIG’s registering CMIG Leasing in Tianjin was perfect. Meanwhile, the leasing business is also a key business of the free trade zone. Leasing companies can play an important role in the synergetic development of Beijing, Tianjin and Hebei, the development of the free trade zone, as well as the development of CMIG. It is hoped that CMIL can take the advantages of teamwork, policies and innovation to promote brand, create value and become a leading domestic company with global reputation within three years. It is also hoped that the Tianjin free trade zone can draw on CMIG Leasing’s experience in using the innovative business mode in Tianjin, which may serve as a model throughout the nation.

President Li Huaizhen extended his gratitude to government officials and relevant government departments of Tianjin Municipality for their concerns and support. He mentioned that CMIG Leasing is CMIG’s 7th subsidiary, and the 1st joint venture subsidiary. Financial leasing is one of the major financing sources for modern enterprises. It has unique advantages, especially for foreign-funded financial leasing companies, in cross-border financing, resource integration in domestic and foreign markets and exploration of emerging markets. These advantages serve well CMIG’s goals of becoming the world top cross-border investment platform, cross-border financing platform and cross-border value-added services platform. Thus, the founding of CMIG Leasing further improved CMIG’s strategy of industry-finance integration, and is significant to speeding up CMIG’s progress in “localization and globalization.”