On 8 July, the unveiling ceremony for China Resources Asset Management Ltd. was held in the Hengqin New Area, Zhuhai, China (Guangdong) Pilot Free Trade Zone. Group Chairman Fu Yuning, and leaders from the Zhuhai Municipal Government and Hengqin New Area Administrative Committee attended and participated.

Setting up China Resources Asset Management Ltd. is CR Asset’s key strategic move in view of the new market conditions, its response to challenges and active transformation. It is a move taken after in-depth consideration, review, and judgement with regard to industry trends, market opportunities, and the company’s development directions. The new company will bring into full play the regional characteristics, as well as political and innovative advantages of the Hengqin Free Trade Zone, and fully make use of the Group’s industry and financial strength, to create a modern integrated asset management platform. In speeding up the regional financial resource cycle, and facilitating real economic growth in the region, the company will further enhance its professionalism and cultivate its core competitiveness, gradually becoming more solid, stronger, bigger, better, and developing more long-term perspectives, in order to effectively maintain security and stability in the regional economy and finance, and to grow in tandem with the local economy.

Related persons in charge from Zhuhai, Hong Kong and Macao Affairs Bureau, Group Directors’ Office, CR Capital and other CR enterprises in Zhuhai attended the unveiling ceremony.