Chairman Fu Yuning visited Wang Zhanfeng, Director of the Guangdong Office of China Banking Regulatory Commission (CBRC), on April 15. Chairman Fu introduced the recent operation of CR Bank and CR SZITIC Trust, especially the internal changes in CR Bank since its new management team was formed three months ago. He also introduced the future positioning of CR Bank and its exploration of new businesses. Chairman Fu said CR will strongly support CR Bank’s transformation and development and will help it grow bigger and stronger with its own characteristics, which couldn’t be achieved without the guidance and support of the regulatory authority.

Director Wang welcomed Chairman Fu and his delegation and affirmed CR’s contributions to the financial development of Guangdong Province. He made four suggestions for the development of CR Capital, especially CR Bank, namely selecting the right executives, making good plans, properly handling the relation between CR and CR Bank and CR SZITIC Trust, and firmly seizing market opportunities and drawing on successful experience in the industry. Director Wang hoped the two sides will strengthen communication and vowed that CBRC Guangdong Office will provide strong support for the development of CR’s financial business.

Deputy Director of CBRC Guangdong Office Liu Weilin, Deputy Division Chief Huang Xiaohong, Director of Zhuhai Banking Regulatory Bureau Xu Meiru, CR’s CFO Wei Bin and heads of CR Capital and CR Bank were present at the meeting.