Group General Manager Luo Xi met with China Development Bank Vice President Ding Xiangqun in Hong Kong in the morning of 13 July. They exchanged views on strengthening future business cooperation.

Group General Manager Luo Xi provided an overall business update of the Group, and explained the Group’s development strategies in different areas such as big consumption, big health, big property, electronics, energy, and finance. Mr. Luo said that China Development Bank is an important long-term strategic partner of China Resources. Since the signing of a strategic cooperation agreement in 2015, China Development Bank has enlarged its credit support for China Resources Group, laying a solid foundation for the two parties’ further, mutually beneficial cooperation.

Vice President Ding Xiangqun highlighted the latest business of China Development Bank Capital Corporation, China Development Bank's Hong Kong Branch and China Development Bank Leasing. She assured that the fully licensed China Development Bank would make every effort to provide China Resources Group more, better and faster financial services.

The two parties also conducted in-depth discussions focusing on matters of development financing cooperation, industry investment funds, energy service, “Go Global” strategy, the strategic layout of “One Belt One Road” and as well as the debt restructuring.

Also attending the meeting were the management of China Development Bank's Hong Kong Branch, China Development Bank Capital Corporation, China Development Bank Leasing, China Development Bank’s market and investment department, together with management of the Group's Finance Department, the Department of Strategy and China Resources Capital.