On July 12, under the theme of “Fairy Days of Future Penglai”, the Penglai Investment Invitation Talent Introduction & Urban Image Promotion Meeting opened in Beijing. At the meeting, CMIG International Financial Leasing Co., Ltd (“CMIG Leasing”) signed agreement of strategic cooperation with Penglai Municipal People’s Government
According to the agreement, CMIG Leasing will, through debt financing support, equity direct investment, and cooperation in industrial fund, invest a total of about RMB 3 billion yuan in Penglai’s new energy, energy saving environmental protection, construction industrialization, health and aged care, advanced manufacture industry, general aviation, cold chain logistics, shipbuilding, and port fields in the next 5 years, aiming to promote Penglai’s adjustment of economic structure and industrial transition & upgrading, enhance standard of intensive and large-scale development in the industry, and boost Penglai’s social and economic development.
Founded in April 2015, CMIG Leasing is a Sino-foreign leasing joint venture between China Minsheng Investment Corp., Ltd and Hana Bank of South Korea, with an initial registered capital of RMB 6 billion yuan, and paid-in registered capital of RMB 4.5 billion yuan.
Beijing is the first stop of Penglai ‘s “Double Invitation and Double Introduction” (invitation of project & capital, introduction of talents & technology) large urban promotional activity this time; Boasting the featured urban reputation of “Fairy land, hometown of fine wine, paradise of recreation”, along with its time-honored historical culture, rich tourism resources, convenient transport advantages etc, Penglai is favored by CMIG Leasing. Penglai Municipal Government said, it would actively promote docking consultation between relevant enterprises & financial institutions in the city and CMIG Leasing or its affiliated enterprises, fully support CMIG Leasing to continually create economic benefit and social benefit.
This meeting attracted more than 200 delegates from central enterprises, large state-owned enterprises, industry leading enterprises, multinational corporations, universities and scientific research institutions to gather together, in which CMIG Leasing is the only leasing company. Vice President He Min of CMIG Leasing said, “CMIG Leasing will bring out its advantage in resource integration, unfold all-inclusive and diversified cooperation with Penglai within the scope of relevant national and regional policies and plans, boost Penglai’s industrial upgrading and economic development through industry-financing combined strategy, fulfill win-win for both society and enterprise, meanwhile it will also greatly expand the company’s deployment in segmented industries, and create opportunity for the company to attain leap-forward development.”