BEWG and China Life Investment Holding Co., Ltd. Signing an Investment Cooperation Agreement 2017-11-10
On November 10, 2017, the signing ceremony of investment cooperation agreement between Beijing Enterprises Water Group Limited (BEWG) and China Life Investment Holding Co., Ltd. was held in BEWG Building. Leaders attending the contract signing ceremony were Yin Zhaojun, vice president of China Life Insurance (Group) Company, Zhang Fengming, president and Liu Hui, vice president of China Life Investment Holding Co., Ltd., Liu Bo, vice president of China Life Property & Casualty Insurance Company Limited, Tang Guangzhu, general manager of Resource Integration Department of China Life Insurance (Group) Co., Ltd., Li Yongcheng the vice president of Beijing Enterprises Holdings Limited, deputy general manager and board chairman of BEWG, Zhou Min, the executive director and president of BEWG, Yang Guang, senior vice president, Yu Liguo, senior vice president and Wang Zhupin, vice president. Zhou Min, the president of BEWG and Liu Hui, vice president of China Life Investment Holding Co., Ltd. represented both parties to sign the agreement.
Chairman Li Yongcheng extended warm welcome to the leaders of China Life Group. He said that in the context of learning the spirit of 19th CPC National Congress, General Secretary Xi Jinping presented stricter requirements for comprehensive construction of the ecological environment. As an enterprise specialized in water resource recycling and water ecological environment protection subordinated to Beijing Enterprises Group Company Limited (BEGCL), BEWG sticks to the notion of green development. In recent years, BEWG has become the leading enterprise in the industry. BEWG is grasping the giant market opportunity at present and expand the business actively. In this process, BEWG gains the support from China Life Group, and expects both parties to explore the broader cooperative fields in the innovative mode of industry - financing combination, in order to introduce green financing into the green industry, and make contribution to national ecological civilization construction relying on the spirit of 19th CPC National Congress.
President Zhou Min introduced the basic situation, main business and main performance of BEWG, and explained the ecological strategy of BEWG. He expected to build the operation management platform of the water affair industry relying on the excellent operation management capability of BEWG. At the same time, it will turn the heavy assets to light assets via the financial means, in order to build the strong finance and asset management platform to meet the increasingly complicated needs in water affairs and water environment treatment projects. He denoted that the development of BEWG couldn’t do without the support especially from China Life Group. He expected both parties to explore the new mode of green financial cooperation by combining the respective advantages.
Vice President Yin Zhaojun introduced the development history, business field, industrial advantages, etc. of China Life Group, and spoke highly of the new thought of BEWG to combine the green finance with green industry. He said that he would fully exert the advantages of China Life Group and China Life Investment in finance and many other fields to support the long-term development of BEWG in environmental protection cause. He expected both parties to complement the respective advantages and seek for development together, stick to the notion of sustainable development, and to realize the mutual benefits and win-win in many fields.
During the panel discussion link, the leaders of both sides conducted in-depth exploration in innovation of financial mode and other aspects and said that both parties would conduct matchmaking at the next step, and conduct all-round cooperation and build long-term and close strategic cooperative relationship based on the principles of “advantage complementation, long-term cooperation, mutual enhancement and joint development”. BEWG will recommend quality water affairs and water environment projects to China Life Investment. China Life Investment, China Life Insurance, China Life Property Insurance and Guangdong Development Bank subordinated to China Life Group will join hands to provide the package financial service covering investment, insurance, banking, etc. for the environmental protection projects like projects of water affair and water environment built and operated by BEWG, and support the healthy development of the water affairs and water environment industry.
The following leaders attended the contract signing ceremony: Jia Guangtao, general manager of Group Insurance Business Department of China Life Property & Casualty Insurance Company Limited, Lang Kuan, general manager and Wang Hongquan, vice general manager of VIP Business Department of China Life Property & Casualty Insurance Company Limited, Qian Chaohui, vice president of Guangdong Development Bank Beijing Branch, Ji Shaojun, vice general manager of Innovative Product Investment Business Department of China Life Investment Holding Co., Ltd., Huang Wenlong, general manager of Strategic Development Center, Zhang Yuan,vice general manager of Financial Resource Center and Song Wanshu, fund director of Financial Resource Center of BEWG, and Hou Qicai, general manager, Ma Beibei
and Liu Zhen, vice general manager of Beijing Enterprise Jinfu (Beijing) Investment Shareholding Co., Ltd. etc.
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