On the afternoon of May 15, the signing ceremony of the comprehensive strategic cooperation agreement between Shandong Energy and China Merchants Bank was held in Shenzhen. Zhang Baocai, Deputy Secretary, Director and General Manager of the CPC Shandong Energy Committee, and Zhong Desheng, Assistant President of China Merchants Bank, attended the signing ceremony and delivered speeches.

Zhang Baocai stated that China Merchants Bank, as the largest retail bank in China, has significant advantages in strategic customer service systems, investment-commerce-bank integration services, and so on. The two parties have established a close cooperation relationship for a long time and have provided SDE with good services in cash management, government special bonds, structured financing, supply chain finance, account services, cross-border finance, group finance, etc. SDE expressed deep gratitude for this. Going forward, he hopes that the two sides will continue to strengthen cooperation, take this signing as an opportunity, fully exert respective resource advantages, in a bid to carry out strategic cooperation in more fields and at deeper levels.

Qian Desheng said, SDE, a mega-sized energy company with diversified industrial clusters, has taken the leading role as an industrial icon. In recent years, SDE has secured high-quality development in areas of mining, high-end chemicals, electric power, new energy and new materials, high-end equipment manufacturing and modern logistics and trade, which have been highly recognized and praised by Qian Desheng.

The two parties conducted in-depth exchanges regarding the intended areas for future cooperation.

At the signing ceremony, Ru Gang, the Vice General Manager and Chief Auditor of SDE, signed the strategic cooperation agreement with Hou Weirong, the President of Financial Center of China Merchants Bank Headquarter.