Beijing banking regulatory authority visits E-Town Capital
Zeng Ying, deputy director of China Banking Regulatory Commission's Beijing office, led a delegation to E-Town Capital on April 27, 2016 and talked with officials from the company and Industrial and Commercial Bank. The delegation asked about overseas mergers, acquisitions and relevant demand and policy suggestions.
E-Town Capital's General Manager, Wang Xiaobo, introduced the company's overall development and major projects, elaborating on the company's overseas mergers and acquisitions development as well as related difficulties and policy suggestions. The company will focus on the integrated circuit, high-end equipment manufacturing and the auto, mobile internet and bio-pharmaceutical sectors in future, working with entity businesses through independent investment or cooperative fund to carry out overseas mergers and acquisitions.
The goal is to find weak links in the domestic industry and to help industry transformations and upgrades in the Beijing Economic and Technological Development Area, also known as E-Town. Wang expressed hope for more support from the banking regulatory authoring and the Industrial and Commercial Bank.
Chen Qing, general manager of the investment department of the Beijing branch of the bank, introduced mergers and acquisitions financing development and relevant problems. Chen also offered policy suggestions.
Zeng said she felt the E-Town's innovation vitality and international vision during the visit and agreed with E-Town Capital's management philosophy to serve E-Town's industry transformation and scientific innovation by giving priority to entity economy development needs and using financial service innovation. Zeng hopes the bank and E-Town Capital continue to strengthen communication and cooperation and explore experiences to achieve move in overseas merge and acquisition.