GF Holdings (Hong Kong) and Industrial Bank Hong Kong Branch Ink Strategic Cooperation Agreement

2021-08-24 01:50 GF Holdings (Hong Kong)

On August 19, GF Holdings (Hong Kong) Co., Ltd. ("GFHK ") and Industrial Bank Hong Kong Branch signed a strategic cooperation agreement on the 29th floor of Li Po Chun Chambers. With commitment to further promote cross-border and cross-market cooperation, the signing marks an overseas extension of the comprehensive cooperation between the headquarters of the two parties. 

According to the cooperation agreement, the two parties will build a comprehensive strategic cooperative relationship based on the principle of "complementary advantages, sharing resources, enhancing cooperation and mutual benefits". They will strengthen exchanges and cooperation in various aspects including business opportunities, customer services, market information and product innovation. With the development of interconnection between the financial markets of Hong Kong and the Mainland, the two parties see great room for cooperation in terms of leveraging both onshore and offshore resources to provide customers with richer and more competitive financial products and services.

Mr. Guo Ming, President of the Industrial Bank Hong Kong Branch, looks forward to the future cooperation between the two parties. He notes that as the first overseas institution of Industrial Bank, the Industrial Bank Hong Kong Branch capitalizes on the strength of Hong Kong as an international financial centre and establishes cooperative relationships with global financial institutions to provide customers with diversified financing channels and integrated services and products. He believes that the strategic cooperation with GFHK will further intensify the cooperative relationship between the two institutions, as well as continuously enhance business synergy. 

Mr. Shen Minggao, CEO of GFHK, says, "Banks and securities firms have unique complementary advantages in areas like risk appetite, customer base and product offerings. GFHK is committed to cultivating and enhancing our core business capabilities to serve our customers with high-quality financial products with GF characteristics. With the strategic cooperation in place, we look forward to further deepening the depth and width of existing relationships between two institutions.”

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