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COAMC's Chairman Wu Yue Made a Survey and Research in Hebei and Xiongan New Area

From May 9 to May 10, Wu Yue - Chairman of China Orient Asset Management Co., Ltd. ("COAMC"), leading team, made a survey and research in Hebei and Xiongan New Area. He visited Jiang Bo - Assistant Governor of Hebei Province and Director of Hebei Provincial Financial Affairs Office, and he also made a field survey on Xiongan New Area Xiongan New Area and had a talk with Dang Xiaolong - Deputy Secretary of temporary Party Committee of Xiongan New Area Preparatory Committee, exchanging COAMC's ideas and specific measures to support and link with the construction of Xiongan New Area. 

Chairman Wu Yue visited Jiang Bo - Assistant Governor of Hebei Province and Director of Hebei Provincial Financial Affairs Office.

On the afternoon of May 9, Chairman Wu Yue visited Jiang Bo - Assistant Governor of Hebei Province and Director of Hebei Provincial Financial Affairs Office. Mr. Jiang Bo expressed his thanks to COAMC for its long-term support for Hebei's economic development and praised COAMC's active response to the call of the Party Central Committee, performance of central enterprises' responsibilities and active link with the construction of Xiongan New Area. He said Hebei Provincial Financial Affairs Office supported COAMC to serve the construction of Xiongan New Area and expected that COAMC could play a greater role in supporting the construction of Xiongan New Area. 

Chairman Wu Yue said establishing Xiongan New Area was an important decision and arrangement made by the Party Central Committee with Xi Jinping as the core to deeply promote the implementation of Beijing-Tianjin-Hebei synergic development strategy and disperse the non-capital functions of Beijing in an active, reliable and orderly manner, is a project of vital and lasting importance and a State affair, and has a important realistic significance and profound historical significance. COAMC strongly supported the major decisions and deployments made by the Party Central Committee, and would consciously strengthen "four awareness", unify thought and action on the decision and deployment made by the Party Central Committee and the State Council, perform the responsibilities and missions of a central enterprise, actively implement the major strategic deployments of the Party Central Committee and the State Council about the construction of Xiongan New Area, fully support the construction of Xiongan New Area, try to give play to the leading and demonstration role of a central enterprise and fully show the responsibilities and duties of a central enterprise. 

On the afternoon of May 10, Chairman Wu Yue led the team to make a field survey on relevant situation of Xiongan New Area and had a talk with Dang Xiaolong - Deputy Secretary of temporary Party Committee of Xiongan New Area Preparatory Committee.

Chairman Wu Yue led a team to make a field survey on Xiongan New Area.

Mr. Dang Xiaolong comprehensively introduced the basic information and main development plan of Xiongan New Area. He pointed out that the planning and construction of Xiongan New Area was a major decision and deployment of the State, so the most advanced idea and internationally first-class standard should be adopted to design and construct it so as to build Xiongan New Area to be an innovative development demonstration area that implements the new development idea. In the future, Xiongan New Area would focus on building a new green and smart city, creating beautiful ecological environment, developing high-end and high-tech industries, providing high-quality public services, constructing rapid and efficient transportation network, promoting the system and mechanism reform and expand the all-round opening to the outside world. Mr. Dang Xiaolong placed a high hope on COAMC's link with the construction of Xiongan New Area. He said Xiongan New Area Preparatory Committee paid much attention to the cooperation with the financial enterprises, including COAMC, and that the construction of Xiongan New Area urgently needed the support of the financial central enterprises in the aspects of municipal infrastructure construction, layout of financial sector and construction of public supporting facilities.

Chairman Wu Yue had a talk with Dang Xiaolong - Deputy Secretary of temporary Party Committee of Xiongan New Area Preparatory Committee.

Chairman Wu Yue introduced COAMC's development history and business advantages and features. After 18 years' development, COAMC has completed its strategic layout of financial full licenses, and become a comprehensive financial service group with total assets exceeding 800 billion Yuan, 26 branches in key cities at home and 14 controlled companies at home and abroad, and service network covering the whole country. COAMC would give full play to its advantage in full-licensed comprehensive financial service, advantage in acquisition and reorganization and industry integration, advantage in cross-border business and advantage in business innovation to support the construction of Xiongan New Area. 

"In the future, we will enter Xiongan New Area with clear goals and objectives. We hope to comprehensively cooperate with Xiongan New Area. As long as Xiongan New Area needs us, we'll spare no effort to actively support it", stressed Chairman Wu Yue. COAMC is very willing to deeply link with Xiongan New Area's demands for construction of financial sector and infrastructure construction and looks forward to comprehensively promoting the cooperation with Xiongan New Area. COAMC will actively give play to its own advantages and features and serve the major strategic decision and layout that Xiongan New Area is "a project of vital and lasting importance and a State affair". In the following, COAMC will strengthen the coordination and communication with Xiongan New Area, pay close attention to the construction planning and progress of the New Area, actively link with the demands of construction of the New Area, coordinate the internal superior resources in combination with its own advantages and features, identify the acting point and lose no time to study the specific measures for COAMC's link with the construction of Xiongan New Area and make plans early, and do well the work related to link with the New Area. 

Firstly, based on COAMC's full-licensed financial business system, give play to the all-round and package comprehensive financial service advantage to support the municipal infrastructure construction and construction of public service facilities in Xiongan New Area; secondly, tap COAMC's advantages in featured financial service sector, actively study the link between featured business sector and financial sector planning of the New Area, and support the construction of financial clusters of the New Area; thirdly, study and set up new organizations, actively make business and production innovations, strengthen the service level and work efficiency of serving the construction of the New Area.

COAMC, established on September 23, 2016, is a State-owned comprehensive financial service group jointly established by the Ministry of Finance and National Council for Social Security Fund with a registered capital of 55.363 billion Yuan. It evolved from China Orient Asset Management Corporation established in October, 1999, and is one of the four State-owned financial asset management companies. As of the end of 2016, COAMC's total assets have exceeded 800 billion Yuan. Now, it has 26 branches in key cities at home, 14 controlled companies at home and abroad, and a national service network, serving over 15 million customers. COAMC has always devoted itself to providing diversified and full-life-cycle financial services to customers, tried to construct thedevelopment model driven by "asset management + banking & insurance", constantly improved its core competitiveness and capability of sustainable development and focused on building an advanced comprehensive financial service group in the industry.