2015/12/15

By Pooling Domestic and Foreign Capital Together, CMIG Promotes the its Internationalization Strategy

TBEA and SHK invested in CMIC On December 10, 2015 in Hong Kong, the foreign investment platform under China Minsheng Investment Corp., Ltd. (hereinafter referred to as "CMIG") -- China Minsheng International Capital Limited (hereinafter referred to as "CMIC") officially signed  agreements with Xinjiang Tebian Electric Apparatus Stock Co., Ltd. (hereinafter referred to as "TBEA") and Sun Hung Kai & Co. Limited (hereinafter referred to as "SHK").

TBEA and SHK will each make an initial investment ofUSD100 million in CMIC. Both TBEA and SHK are leaders in their own industries and regions with consistently outstanding performance. Introducing them is a crucial step that CMIC takes to enhance its development. The signing of this agreement marks CMIG's continuous efforts to integrate quality capital from both home and abroad, to promote internationalization development, and to fulfill the national investment strategy of "One Belt-One Road". Dong Wenbiao, Chairman of the Board of CMIG, Dr. Kevin E. Lee, Executive Vice-Chairman of the Board of CMIG, Gao Yangyu, Vice-Chairman of the Board of Supervisors, Liu Junmin, Vice-Chairman of the Advisory Committee of CMIG’s Board of Directors, Liao Feng, CEO of CMIC, Zhang Xin, Chairman of the Board of TBEA and Lee Seng Huang, Executive Chairman of the Board of SHK attended the signing ceremony.

China’s private capital is making an impact on the international financial arena as an emerging investor and player. As a leader of Chinese private capital, CMIG continues to inject financial impetus to private companies that go global in groups. As a flagship platform that makes global investment arrangements under CMIG, CMIC is now committed to providing quality financial services and investment platforms for Chinese private companies that make cross-border investments and asset allocation.

According to Dr. Kevin E. Lee, Executive Vice-Chairman of the Board of CMIG, CMIG and CMIC are very bullish about the megatrend of the internationalization of Chinese private enterprises. Chinese private companies will "go global to and introduce in from" countries along the "One Belt-One Road" routes, and even all over the world. This action not only creates a tremendous potential for Chinese private companies to upgrade their industries and boost their business, but also grants a powerful driving force for economic development to countries along the "One Belt-One Road" routes. CMIC's introduction of TBEA and SHK's investments signifies a cooperation between three strong powers. In doing so, each party can bring their edges in financial services and industrial investments into full play, carry out comprehensive cooperation, and provide platform and financial service guarantees for Chinese private companies that go global in groups.

Lee Seng Huang, Executive Chairman of the Board of SHK, said that "SHK highly recognizes the CMIG and CMIC' teams' expertise and investment strength in domestic and foreign markets. Since SHK has a comprehensive financial service business, a sound financial product system, and abundant quality clients, both parties can carry out in-depth cooperation in financial services, healthcare services, old-age services, etc. Teaming up with CMIG not only enables SHK to better serve Chinese companies, but also provides SHK's clients with quality investment opportunities across the globe."

According to Zhang Xin, Chairman of the Board of TBEA, as China's largest energy equipment manufacturer and a key enterprise in the electricity transmission and transformation system manufacturing industry in the whole world, TBEA continues to provide the world's energy undertaking with systematic solutions. On the advantageous basis that CMIC has deep pockets, further increasing its capital will facilitate its internationalized development. TBEA deems the implementation of China's "One Belt-One Road" development strategy as its mission. Investing in CMIC will enable TBEA to connect its industrial edges to CMIG's financial resources, hereby achieving win-win development.

 

About China Minsheng Investment Corp., Ltd. (CMIG):

 

With registered capital of RMB50 billion, CMIG is an internationalized large-scale private financial investment group. It was initiated by the All-China Federation of Industry & Commerce and co-founded by 59 renowned Chinese private companies. In terms of registered capital, CMIG is not only the largest private company in China, but also the largest and only private investment company that has "China" in its name. By adopting a strategy focusing on financial services and industrial investments, it leads Chinese private capital to make investments and promotes economic transformation and upgrade.

 

About China Minsheng International Capital Limited (CMIC):

 

As a financial service and investment platform focusing on cross-border investments under CMIG, CMIC serves Chinese private enterprises by facilitating their industrial upgrade and globalized development during their "going global and introducing in" process. Investment opportunities related to the "One Belt One Road" initiative are also another focus of CMIC. By organizing Chinese private companies to "go global in groups" and arranging all companies along the industrial chain to make foreign investments and carry out construction projects overseas, CMIC seeks to enhance Chinese private companies' competitiveness and investment capabilities abroad.

 

About Tebian Electric Apparatus Stock Co., Ltd. (TBEA):

 

As China's largest energy equipment manufacturer and a key enterprise in the electricity transmission and transformation system manufacturing industry across the globe, TBEA has now formed five major industrial clusters based on energy, including high-end manufacturing of electricity transmission and transformation systems, integrated solutions for the power system, new energy and new materials. TBEA ranks No. 224 of the top 500 machinery manufacturers across the world, No. 287 of the top 500 Chinese companies with highest comprehensive power, and No. 8 of the top 100 Chinese machinery manufactures.

 

About Sun Hung Kai & Co. Limited (SHK):

 

Founded in 1969, SHK is a financial service provider focusing on the Greater China Region. Its main businesses now are structural financing, mortgage loan and private finance. Its branch and office network reaches out to more than 200 places in Hong Kong and mainland China.