|
The signing ceremony of the “Framework Agreement on Capital Management Cooperation” was held between China Overseas Engineering Group Co., Ltd (COVEC) and Standard Chartered Bank in Beijing on Jan., 21st. Parties present and joining the signing ceremony from COVEC included the General Manager Fang Yuanming, the Chief Accountant Wang Hecai, the Director of Finance Li Yue, the Deputy Director of Finance Wang Huaiyu and other relative personnels. From Standard Chartered Bank, there were the Managing Director in North China area Xu Weizhong, the Manager of the Board of Chinese Enterprise Department Liu Zhiwei, the Board Director of Chinese Enterprise Department Chen Hongshan, the Director of Chinese Enterprise Cash and Trading Financing Department in Greater China area Yu Fang, the Deputy Supervisor of Chinese Enterprise Current Fund Management Department Lin Qi, the Manager of Enterprise & Institution E-Banking Department Lin Anxin and other heads of related departments of Standard Chartered Bank Beijing Branch. Mr. Fang Mingyuan, Mr. Xu Weizhong and Miss Yu Fang respectively delivered their speeches on congratulations in the ceremony. They expressed that the mutual business areas of COVEC and Standard Chartered Bank largely covered Africa, Asia-Pacific region and Middle East. Meanwhile, the competitiveness and development potential in the respective fields were very strong. So there were firm cooperation foundation and strong development demand between the two sides. They both believed that the signing of this cooperation agreement would benefit a lot on understanding, cooperation and development. The “Framework Agreement on Capital Management Cooperation” was signed by the Chief Accountant Wang Hecai and the Manager of the Board Liu Zhiwei on behalf of China Overseas Engineering Group Co., Ltd and Standard Chartered Bank respectively. |
Formerly an enterprise under P.R. China’s Ministry of Foreign Trade and Economic Cooperation (MOFTEC), China National Overseas Engineering Corporation (COVEC) has now joined China Railway Engineering Corporation (CREC), maintaining its main business line of international project contracting. Strong in international project contracting, China-financed foreign-aid projects, investment in overseas businesses, leasing business of large engineering equipment and machinery, overseas labour service and import/export business, possessing wide range of contacts and resources for business cooperation at home and abroad, the company has pooled a large number of professionals highly skilled in international business and modern business management, with multi-language capability and rich field experience.
