China Minsheng Investment Corp., Ltd. (hereinafter referred to as "CMIG") led dozens of outstanding private enterprises of China to gather together in South Korea's Jeju Island on July 17th, 2015. Sany Group,Tebian Electric Apparatus Stock Co., Ltd., among other key private companies inked strategic cooperation agreements on jointly expanding the Asian Market with Hana Financial Group, the largest financial group in South Korea. By creating a platform to facilitate cooperation between China's private firms and world-renowned financial institutions, CMIG injects financial vigor and vitality into the endeavor of private companies as they go global together. Besides that, CMIG remains proactive in promoting the implementation of China's "One Belt One Road" strategy.
The economic and trade cooperation between China and South Korea has developed on a fast track since the two countries signed the free trade agreement on June 1st, which has been closely followed by entrepreneurs from both countries. CMIG is actively advancing the in-depth cooperation between China's private companies and international financial institutions from a financial perspective, and working to build a financial platform for sustainable industrial development.
CMIG is the largest private investment group in China, while Hana Financial Group is the largest financial holding group in South Korea. On top of that, Hana is also one of the mostly internationalized financial institutions in Asia with the most overseas branches. For one thing, the strong partnership between the two industrial leaders helps achieve a major breakthrough in the economic and trade cooperation between China and South Korea; for another, the powerful combination also enables outstanding private companies of China to access to the financial support from Hana during their overseas expansion, thus gaining wonderful development opportunities.
CMIG Chairman said that "CMIG has, since its inception, maintained a close cooperation with Hana Financial Group. CMIG feels very honored to set the stage for the cooperation between China's major private enterprises and Hana Financial Group. This is just the first step. The cooperation between Chinese companies and Hana will embrace for a huge potential down the line. CMIG sincerely hopes to supplement, grow and thrive with Hana Financial Group and excellent private companies of China; together, we work to boost theeconomic and trade development of both countries, and help Chinese private companies achieve brilliant and glorious growth!"
Kim Jung-tai, chairman of Hana Financial Group, indicated that "China's 'One Belt One Road' strategy injects new vigor and vitality into the development of not only the Asian economy, but also the world economy. As the largest international financial group in South Korea, Hana Financial Group hopes to join hands with CMIG and China's outstanding private firms for the development and prosperity of China, South Korean and the wider Southeast Asian community. I believe the extensive international network and operational experience Hana has to offer could greatly facilitate the overseas expansion of Chinese private enterprises."