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CEFC China and ICC of NDRC Hold Signing Ceremony for Strategic Cooperation Agreement in Shanghai

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On the afternoon of June 6, the signing ceremony for the strategic cooperation between CEFC China and the International Cooperation Center (ICC) of the National Development and Reform Commission (NDRC) was held at CEFC China’s headquarters in Shanghai. Ye Jianming, Chairman of the Board of CEFC China and Cao Wenlian, Director General of the ICC-NDRC and Vice President of China Society of Economic Reform (CSER), witnessed the signing ceremony. The agreement was signed by Li Yong, Executive Director of the Board of CEFC China and General Manager of CEFC Shanghai International Group, and Wang Yongli, senior researcher at ICC and Chairman of the Global Sharing Finance 100 Forum (GSF100), on behalf of their respective side.

 

Before the ceremony, Ye Jianming and Cao Wenlian conducted pragmatic talks on jointly establishing high-level think tanks focused on industrial finance alliance and international production capacity alliance to serve the Belt and Road Initiative. Ye Jianming talked about the company’s efforts in obtaining rights and interests of upstream oil and gas resources, taking a controlling stake in European and US international investment banks with leadings status in new energy and biopharmaceutical, establishing footholds in Czech and Georgia for its international investment, and facilitating the connectivity between the domestic and overseas markets. He also introduced the company’s achievements in expanding collaboration in the global energy economy by setting up the China Energy Fund Committee as its wholly-owned subsidiary and establishing international high-level strategic think tanks. He indicated that as CEFC China and ICC were highly aligned in development goals to serve the national strategy, CEFC China was willing to share resources in international cooperation and development of think tanks with ICC to promote further cooperation between the two sides.

 

Cao Wenlian elaborated on ICC’s visions, goals, and progress of establishing high-level think tanks and their structure. He proposed that, as the whole world was going through profound changes at this transitional period, ICC would like to utilize its organizational advantages to absorb and integrate the resources of financial institutions, state-owned enterprises and private enterprises to build a think tank platform with Chinese characteristics that truly facilitates global cooperation and the exploration of overseas markets by Chinese companies. He hoped to leverage CEFC China’s strengths in overseas resources, services, and investment to jointly promote the development of the platform.

 

After the signing ceremony, Ye Jianming presented a letter of appointment to Pan Zhigang, Executive Director of ICC and senior expert of China Development Bank, to engage him as the chief economist of CEFC China. Chan Chauto, President of CEFC China, Guo Lin, Chairman of CEFC Shanghai Securities, Pan Xin, Head of Research Management Office of ICC attended the meeting and the signing ceremony.


 
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