Under the MOU, the trio will provide “comprehensive financial solutions” that support the internationalisation of Chinese enterprises, especially in sectors aligned with the green transformation. These include cross-border trade financing, investment banking, and advisory services tailored to the Belt and Road initiative.
“This tripartite partnership reflects our commitment to working with Chinese enterprises to capture Asean’s growth opportunities,” says Eric Lian, head of group commercial banking at UOB.
“Complementing the strengths of Hengfeng Bank and Shangao Holdings, we are committed to being a trusted partner in Asean, connecting businesses to cross-border opportunities with our integrated supply chain platform and extensive trade network. This is anchored on our long-standing heritage and deep understanding of the diverse cultures and languages in the region,” he adds.
The MOU was signed by Janice Leong, executive director, corporate wealth management, group commercial banking arm at UOB; Shen Zhenghua, general manager at Hengfeng Bank’s transaction banking department; and Li Tianzhang, chairman of the board at Shangao Holdings Group.
See also: UOB prices EUR850 mil worth of fixed rate covered bonds due 2030
The signing was witnessed by UOB’s Lian; Hengfeng Bank’s president, Bai Yushi; and Shandong Hi-Speed Holdings Group’s deputy general manager, Li Huaifeng.
