On August 29, Xu Bin, Chief Expert of Bank of Communications, Secretary of the Party Committee and Chairman of Bocom Leasing, led a team to visit Hengli Group and Shenghong Group, respectively. During the visit, Xu Bin met with Fan Hongwei, Chairman of Hengli Petrochemical Co., Ltd. and Miao Hangen, Chairman of Shenghong Holding Group Co., Ltd. and conducted in-depth exchanges and discussions on their respective business development and future cooperation models. Wang Dong, member of the Party Committee and Vice President of Bocom Leasing, and relevant persons in charge of Jiangsu Branch and Suzhou Branch attended the meeting.

Hengli Group has introduced in detail its development and operation in recent years, the history of cooperation with Bank of Communications, recent key projects, and future development plans, and extensively discussed the potential mode and willingness of cooperation with Bocom Leasing. It is hoped that Bank of Communications and Bocom Leasing could give play to their professional advantages and carry out cooperation in traditional manufacturing and shipping business.

Xu Bin has said that as a leading enterprise in the domestic financial leasing industry, Bocom Leasing has many cooperation opportunities with leading domestic private enterprises. Relying on its own steady development, Hengli Group has ranked among the top 500 in the world (67th in 2021). It is an important international enterprise engaged in petroleum refining, new polyester materials and industries involving the textile industry chain in China. Bocom Leasing would also rely on its own advantages, further strengthen the cooperation and innovation with Hengli Group.

Shenghong Group has showcased its development achievements over 30 years. The main sectors and lines of the Group have reported the current industrial development and future plans, reviewed the recent cooperation, looked forward to the future cooperation between banks and enterprises, and hoped to strengthen cooperation in refining, PTA, chemical fiber, fine chemicals and other fields in the future.

Xu Bin has listened to the reports of various sectors of Shenghong Group, and visited the national fiber innovation R&D center established in Shenghong Group. Xu Bin has indicated that Shenghong Group, as a leading refining and fine chemical enterprise in China, is committed to the refinement development and focusing on research and development to become a Fortune 500 company. It is believed that through the rich market experience, professional team and product service advantages of Bocom Leasing, more innovative business cooperation would be carried out with Shenghong Group.