On July 9th, Wang Wenjin, Member of the Party Committee and Vice President of Agricultural Bank of China (ABC), and his delegation visited SUMEC. Yang Yongqing, Secretary of the Party Committee and Chairman of SUMEC, received the delegation. Also present at the forum were Zhang Jianliang, Secretary of the Party Committee and President of ABC Jiangsu Branch; Hou Guifeng, General Manager of the International Finance Department of ABC Head Office; Wang Yantian, General Manager of the Institutional Business Department of ABC Head Office; Zheng Zhichun, Vice President of ABC Jiangsu Branch and President of Nanjing Branch; Liu Huaijin, Vice President of ABC Jiangsu Branch; and Zhang Xin, Deputy Chief Accountant and Secretary of the Board of Directors of SUMEC.
Yang Yongqing extended a warm welcome to Wang Wenjin and his delegation and expressed gratitude to Agricultural Bank of China for its support to company. He stated that SUMEC has always adhered to the four major concepts of "high-quality and sustainable development, innovative development, win-win development, and compliant development", continuously making efforts in fields such as import and export trade, intelligent manufacturing, and green low-carbon, and is committed to building an excellent and long-standing international enterprise. He mentioned that through over 20 years of cooperation, the two sides have established a highly trusting partnership, and he looks forward to further expanding the cooperation fields, enhancing the cooperation level, and achieving a higher level of win-win development in the future. Zhang Xin supplemented the introduction of the achievements of SUMEC's credit cooperation and cross-border settlement with Agricultural Bank of China, and expressed the hope to further deepen cooperation in areas such as exchange rate risk management and overseas credit expansion.
Wang Wenjin spoke highly of SUMEC's operating results and distinctive corporate culture, and elaborated on the development achievements of Agricultural Bank of China in adhering to the "two major orientations and three major strategies" in recent years. He emphasized that ABC is fully supporting the development of the real economy with green finance as the starting point and digital operation as the support. He said that with the increasing uncertainty in the current global trade situation, ABC will give full play to the advantages of linkage between the head office and branches, integrate financial products and service resources, deepen the integration and innovation with SUMEC in cross-border finance, trade finance and other fields, and inject financial momentum into SUMEC's global layout.
SUMEC-ITC is a wholly-owned subsidiary of SUMEC. For many years, it has been deeply engaged in the supply chain operation of mechanical and electrical products and bulk raw materials, andhelps global manufacturing customers to develop smoothly with professional services. In business practice, the company has accumulated a large number of financial cooperation resources and maintained long-term and in-depth cooperative relations with hundreds of domestic and foreign banks, financial leasing companies, credit insurance institutions, etc., which can jointly provide customers with suitable financing scheme consulting and help enterprises effectively solve the problems of difficult and expensive financing. Specifically: based on in-depth analysis of the industry, equipment, customer scale and needs, and relying on an extensive network of bank and leasing company partners, the company can tailor the optimal financing solutions (covering RMB, foreign currency and cross-border financing) for you, and accurately match financial products and services that meet your needs. It is committed to helping enterprises connect with financial resources more efficiently, alleviating financing difficulties, reducing costs, and contributing to the steady development of the real economy.
In 2020, SUMEC-ITC signed a contract with Uzbekistan Automobile Industry Group for the export project of complete vehicle and engine production line equipment. Through more than two years of unremitting efforts, SUMEC-ITC team, together with China Export & Credit Insurance Corporation Jiangsu Branch and Credit Suisse, provided Uzbekistan Automobile Industry Group with a full-process package of equipment procurement services and customized business solutions, successfully assisting the customer in completing equipment procurement worth hundreds of millions of US dollars. In January 2023, SUMEC Technology & Trade signed a Memorandum of Understanding on China Equipment Export for Uzbekistan Automobile Industry Group's New Energy Vehicle Project with Uzbekistan Automobile Industry Joint Stock Company and Uzbekistan Automobile Industry Engine Company, clarifying the intention of both sides to further carry out export trade cooperation. The successful implementation of this project fully demonstrates SUMEC's strong ability to coordinate and integrate financial resources. If you also have needs in equipment or bulk raw material procurement financing, please log on to our website www.sumec-itc.com or contact us via email T-world@sumec.com.cn.
