On November 17, Wang Neng, Chairman of Guilin Bank, was invited to visit Alliance Steel (M) Sdn. Bhd., joint venture of Guangxi Shenglong Metallurgical Co., Ltd. and Guangxi Beibu Gulf International Port Group Co., Ltd. In MCKIP. This project has been included in the national "One Belt, One Road" major project planning and the international production capacity cooperation demonstration base. Wang Neng was accompanyied by Fan Junmin, Deputy Director of Guilin Bank, delegations of the companys financial department, trade finance department, Nanning branch and Fang Cheng Gang branch. Ke Xueli, General Manager of Guangxi Shenglong, Lv Guoli, Chief Financial Officer of Beibu Gulf Holdings (M) Sdn. Bhd., and Lin Chuanyuan, General Manager of Alliance Steel joined the discussion meeting with Wang Neng and his delegations. 

Discussion Meeting

In the midst of discussion meeting, Wang Neng introduced the development of Guilin Bank in recent years, the status of regional financial market, and the achievements in cross-border finance, border finance, internet finance, etc. At the same time, he elaborated on the development ideas of Guilin Bank. He said that the “go global” form of Chinese-funded enterprise has been continuously upgraded. Guilin Bank has been committed to connect domestic and foreign markets, realize the interconnection between domestic and foreign trade, and build a cross-border financial platform. He hoped that both China and Malaysia will seize the historical opportunity of “Two Countries, Twin Parks”, keep on strengthen communication, breakthrough the bottleneck of domestic and foreign cooperation to achieve a win-win situation for both enterprise and bank.

Wang Neng (middle) visited the production workshop

The leaders of Alliance Steel expressed their warmest welcome and thanks to Wang Neng and his delegations for the support and assistance in helping the company to “go global”. Alliance Steel has introduced the companys business development and expressed their willingness to deepen bilateral ties with a series of cooperation. The operation mode and development path of Malaysian local enterprises are discussed to explore the opportunities for cross-border financial cooperation and development between banks and enterprises in Malaysia and China.

Wang Neng visited Alliance Steel

Under the companion of Alliance Steel, Wang Neng and his delegations visited Kuantan Port and MCKIP. The on-site staff gave a detailed introduction and explanation on the port construction, logistics and transportation, industrial parks steel and non-ferrous metals, equipment manufacturing, clean energy resources, petrochemicals, building materials, etc.

In response to the “One Belt, One Road” initiative and supporting enterprises “go global” development, Guilin Bank has brought in the characteristics of local finance, establish “adhere idea sharing and create mutually beneficial win-win situations” cooperative principle, insist on regional economy and real economy, utilize the advantages of fast information transmission, short decision-making chain, flexible operation and easier to meet the regional specialization needs, actively explore new paths for cross border cooperation and development, and achieved a number of breakthroughs. 

This visit has laid a good foundation for the Guilin Bank to serve overseas Chinese enterprises and help regional enterprises to "go global". It is of great significance for Guilin bank to build a cross border financial service system for ASEAN and enhance the international brand image of Guilin Bank under the national "One Belt, One Road" initiative.