Signing Ceremony of “Strategic Cooperation Alliance of Beijing-Tianjin-Hebei Asset Management Companies” Was Successfully Held
On July 28, Signing Ceremony of “Strategic Cooperation Alliance of Beijing-Tianjin-Hebei Asset Management Companies” was successfully held in Golden Hall of “Bird's Nest”. Led by Beijing Guotong Asset Management Co., Ltd, Strategic Cooperation Alliance is also co-founded by Tianjin Financial Investment and Services Asset Management Co., Ltd and Hebei Asset Management Co., Ltd. Yue Peng (Chairman of BSAM) and Zhi Jun (President of BSAM) attended the signing ceremony, while Guo Zhiguo (Vice President of BSAM) delivered a speech. Leaders of China Banking Regulatory Commission, leaders of the financial and state-owned assets regulatory authorities of Beijing, Tianjin and Hebei, representatives from relevant research institutes and financial institutions, media reporters and other guests attended the signing ceremony.
At the signing ceremony, three members of Strategic Cooperation Alliance executed a total of ten cooperation agreements on acquisition of nonperforming assets and enterprise diffusion. Among them, Beijing Guotong Asset Management Co., Ltd and Cangzhou Financial Holding Co., Ltd signed a comprehensive strategic cooperation agreement.
Subsequently, Strategic Cooperation Alliance will actively echo with Beijing-Tianjin-Hebei Coordinated Development Strategy and contribute to diffusing of non-capital functions, focus on enterprises intended for diffusing across Beijing, provide supportive policies and aligned resources for these enterprises, and render one-stop services in terms of program design, financing support, equity investment, transformation and upgrading; give full play to the roles of local asset management companies, launch acquisition, classification, disposal and re-revitalization of non-performing assets of Beijing, Tianjin and Hebei, achieve the purpose of adjusting asset structure and correcting resource mismatching, further play the role of “resource allocator”, guard against and defuse regional and systemic financial risks. This community of Beijing-Tianjin-Hebei asset management companies can effectively intensify financial risk back-end processing ability, and prevent regional financial risks from continuous transmission and spread in the context of financial integration. Strategic Cooperation Alliance will establish normalized business exchange mechanism, and help asset management companies of these three regions to overcome the weakness and upgrade the overall strength.
This signing ceremony was also attended by relevant leaders of China Beijing Equity Exchange, Beijing Science Park Development (Group) Co. Ltd, Beijing SMEs Credits Re-guarantee Co., Ltd, Beijing Industrial Developing Investment Management Co., Ltd, Beijing Beiao Group Corporation, Beijing National Aquatics Center, the National Stadium, etc.
Beijing Bestall Advertising Co., Ltd successfully fulfilled visual design, planning, publicity video production, stage setting and other tasks of this grand event.