On April 11, Xi'an Vice Mayor Li Yuan met with Teo Siong Seng, Chairman of Singapore Business Federation and Chairman of Pacific International Lines Pte Ltd (PIL), Shi Guilu, Chairman of All China Federation of Industry and Commerce and Chairman of Rongmin Holding Group, and Wang Rong, Chairman and President of CMIG Leasing, to discuss setting up CMIG International Logistics Leasing in Xi'an International Trade & Logistics Park.
CMIG Leasing plans to invest jointly with PIL and Rongmin Holding Group to set up CMIG International Logistics Financial Leasing Co., Ltd. in Xi'an City of Shaanxi Province. With registered capital of CNY3 billion, CMIG International Logistics Financial Leasing Co., Ltd. will become the largest financial leasing company in Shaanxi Province, mainly engaging in financing leasing in cold chain logistics and international trade. It aspires to become a leader in modern logistics leasing industry to promote the transformation and upgrading of the logistics industry with full industry chain financial services.
Vice Mayor Li Yuan welcomed and spoke highly of the establishment of CMIG International Logistics Leasing in Xi'an International Trade & Logistics Park by CMIG Leasing, PIL and Rongmin Holding Group, which are three international, professional, and market-oriented groups. He said Xi'an government will provide efficient and convenient services in terms of land use and administration for the settlement of CMIG International Logistics Financial Leasing Co., Ltd. in Xi'an, to turn it into the most dynamic financial leasing demonstration enterprise in Shaanxi Free Trade Zone.
“Backed by powerful shareholders, CMIG International Logistics Financial Leasing will give full play to the leading position of Singapore-based PIL in the field of international logistics, the industry-finance integration experience of CMIG Leasing in the financial leasing industry, and the leading superiority of Rongmin Holding Group in private economy and trade logistics in Shaanxi. CMIG International Logistics Leasing aims to build three-dimensional logistics channels covering China's inland and Southeast Asia through the integration of international and domestic high-quality resources to create high-end cross-border cold chain transport system, promote the development of international trade, and move forward regional development of real economy, ” CMIG Leasing chairman and president Wang Rong said.
With the establishment of Shaanxi Free Trade Zone and other favorable policies, Xi'an has ushered in an unprecedented opportunity for development. Since its establishment in 2008, Xi'an International Trade & Logistics Park has created a "China Inland Port" model and built up three-dimensional open channels covering sea, land and air access. It has kept improving and promoting the construction of international logistics channels and accelerating trade logistics and capital integration development. It has created the "China Inland Port" model characterized by “inland-moving port, on-site processing, sea-rail transport and seamless-connection” and become China’s first inland port winning international and domestic codes. It has successively received 14 national honors such as “national innovation base for modern service industry”, and it is focusing efforts to build the largest inland international transit hub port and trade logistics hub along the “Belt and Road” route and the new center of national central cities.