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2016/06/08

Management of CM Financial Made First Group Appearance in Hong Kong
CMIG Completed Deployment in Three Major Financial Centers in Asia

(In the afternoon of June 7, the executive team of China Minsheng Financial led by CMIG President Li Huaizhen visited Mr. Li Xiaojia, President of Hong Kong Exchanges and Clearing Limited)
 
During June 6-7, CMIG President Li Huaizhen, President of CMIG Asset Management Liu Tianlin, CEO of CM Financial Wang Shen and team visited mainstream financial institutions in Hong Kong, including Hong Kong Exchanges and Clearing Limited (HKEx), JP Morgan, China Everbright, Baohua Group, China AMC, Haitong International and ICBC International. This was the first group debut of the management after CIMG took over CM Financial, marking a new development milestone for CM Financial, also indicating CMIG’s determination to accelerate its strategic deployment in the Hong Kong financial market.
 
The integration of China’s private economy into the world economic development will become a new agenda of China’s economic development in the next phase. As a platform for pooling private capital, CMIG is building an “enterprise aircraft carrier” to serve the global industrial development of Chinese private companies. “Hong Kong is the gateway for CMIG to go global, and it is our inevitable choice to build a development platform for Chinese private companies in Hong Kong,” said Mr. Li Huaizhen when meeting executives of financial institutions. “Hong Kong’s capital market has good external investment environment such as a sound financial management mechanism and a transparent law and regulation system, and a high proportion of institutional investment. All these will facilitate China’s private companies to learn standard governance practices and world-class business operational models so as to ensure future healthy and sustainable development. For CMIG and China’s private companies that have a strategic international development plan, studying, adapting to and rationally utilizing Hong Kong’s laws and regulations as well as the characteristics of the capital market will be an important task for a period of time.”
 
Financial figures in Hong Kong spoke highly of CMIG’s strategic plan, and welcomed and supported CMIG and its related companies to conduct financial business in Hong Kong. Upon transaction completion, CM Financial has been included into Hang Seng Global Composite Index and Hang Seng Composite Index, indicating fast and positive response from Hong Kong’s capital market. President of Hong Kong Exchanges and Clearing Limited (HKEx) Li Xiaojia told Mr. Li Huaizhen, “The coming era will feature global allocation of the Chinese capital, and Hong Kong is striving to be a common market connecting China and the world moving forward. Meanwhile, HKEx is actively seeking to transform to a global comprehensive exchange. CMIG is the representative of China’s private companies, and we hope CMIG can join the transformation of HKEx. HKEx will fully support CMIG in its efforts to build a new platform for industrial and financial integration. Through CMIG, we can help a group of quality Chinese private companies, and facilitate their entrance into Hong Kong’s capital market to compete internationally.”
 
There is a huge room for capital market cooperation between Mainland China and Hong Kong, and effective resources complementation and capability grafting can be created in the two markets. Li Huaizhen believed that CM Financial is going through a very good experiment. By adopting a “investment + investment banking” double-wheel driven business model, we hope to provide tailored solutions for Chinese private companies to enter the Hong Kong capital market. We plan to use investment in the initial phase, utilize the industrial and financial combination model in the middle phase, and utilize the investment banking function in the mature phase to serve enterprises, connecting and coordinating the previously separated service units to provide comprehensive services necessary for different development phases to Chinese private companies.
 
CMIG has registered in Shanghai and Singapore and started to conduct business, and the Hong Kong business is being started by CM Financial. As such, it can be said that CMIG has completed its strategic deployment in the three major international financial centers in Asia. In the future, CIMG hopes to cooperate with many top-notch financial institutions in Hong Kong to form stable triangle relationships and regional synergies to build a platform for pooling Chinese private economy in Asia.

(In the morning of June 8, management of CM Financial had a briefing with 8 Hong Kong media. Related coverage will be published later. Please stay tuned.)