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Sinomach cooperates with CDB

(sinomach.com.cn)

2017-11-08

Ren Hongbin (left), chairman of China National Machinery Industry Co, talks with Hu Huaibang (right), Party secretary and chairman of China Development Bank in Beijing on Nov 3. [Photo/sinomach.com.cn]

Luo Jiamang (right), chief accountant of China National Machinery Industry Co, shakes hands with Zhang Xuguang, vice-president of China Development Bank at a cooperation agreement signing ceremony in Beijing on Nov 3. [Photo/sinomach.com.cn]

China National Machinery Industry Co (Sinomach) signed a cooperation agreement with China Development Bank (CDB) at the latter’s  headquarters in Beijing on Nov 3.

According to the agreement, CDB will provide a series of financial services to Sinomach, including those concerning international trade, R&D, capital construction and the construction of smart cities.

During the meeting with Hu Huaibang, Party secretary and chairman of CDB, Sinomach’s chairman Ren Hongbin expressed his gratitude for CDB’s constant support to Sinomach, especially for the important role it has played in the reform and development of China National Erzhong Group, a subsidiary of Sinomach.

“To expand overseas market and improve the manufacturing and export of heavy equipment, Sinomach needs great support from financial institutions,” said Ren.

“We are willing to work with CDB to further deepen cooperation between the two sides in all fields and create more profits,” he added.

Senior executives from China National Machinery Industry Co and China Development Bank exchange ideas on the construction of special towns at a seminar on Nov 3. [Photo/sinomach.com.cn]

 

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