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Suzhou Land Group Signed Strategic Cooperation Agreement with Bank of China
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Time of issue：2025-02-25 14:21
On February 25th, Suzhou Land Group, together with Bank of China Changshu Branch, held signing ceremony of comprehensive strategic cooperation. Both parties treat promoting high-quality co-building of “the Belt and Road” as the core target, focus on fields such as international cooperation, enterprise overseas investment, Saudi Center financial service, industrial investment promotion and service, and fintech, and open a new chapter of cooperation between financial service and industrial economy.
Before the signing, Ye Feng, chairman of Suzhou Land Group, met with Geng Yuanyuan, vice president of Bank of China Suzhou Branch, and Qi Yi, president of Bank of China Changshu Branch, and other officials. Ye Feng expressed welcome to mutual resource complementarity and Sino-Saudi international cooperation enablement. In 2023, Bank of China established a branch in Riyadh of Saudi Arabia, for this cooperation, Bank of China will rely on global financial network and comprehensive service advantage, focus on economic and trade requirements of Sino-Saudi enterprises, and provide “going out” and “inviting in” enterprises with all-round financial support such as cross-border settlement, investment and financing, and risk management. Relying on rich experiences in industrial park operation and the Middle East(Saudi Arabia) resource network, Land Group promotes the precise docking and internationalized layout of Sino-Saudi industrial resources, and actively supports and serves going out for China-invested enterprises and inviting in for foreign-invested enterprises. In the future, both parties will also conduct all-round financial cooperation in aspects including Sino-Saudi industrial investment fund cooperation, cross-border settlement channel building, and provision of services to Sino-Saudi (Changshu) International Economic Cooperation Zone(tentative name).
This strategic cooperation is also a key measure to implement the decision and plan of municipal party committees and governments of Suzhou and Changshu, marking the entering of finance-industry in-depth integration into a new stage, the further promotion of “finance + industry + technology” ecological close loop, and the adding of strong energy to the integrated development of the Yangtze River Delta and implementation of “the Belt and Road Initiative”.
In the future, both parties will treat this signing as a starting point, continuously explore new model of financial service + international cooperation, deepen Sino-Saudi bilateral economic, trade and financial cooperations, actively implement the strategic plan of “global resource, local enablement”, and make contributions to the building of international cooperation new layout featuring open, inclusion, mutual benefit and win-win cooperation.
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