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Standard Chartered and Fosun International Sign a Memorandum of Understanding for Strategic Cooperation

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Fosun International (FOSUY) and Standard Chartered China signed a memorandum of understanding for strategic cooperation during the Seventh China International Import Expo. The agreement aims to expand their global market cooperation, particularly in 'Belt and Road' markets. Standard Chartered will provide comprehensive financial services, including cash management, trade financing, and sustainable financial solutions to support Fosun's global operations. This marks their third strategic cooperation memorandum since their initial partnership in 2007. Fosun International maintains operations in over 35 countries, serving both family and corporate customers through its global business presence.

Fosun International (FOSUY) e Standard Chartered Cina hanno firmato un memorandum d'intesa per la cooperazione strategica durante la Settima Fiera Internazionale dell'Importazione della Cina. L'accordo mira ad espandere la loro cooperazione nel mercato globale, in particolare nei mercati della 'Belt and Road'. Standard Chartered fornirà servizi finanziari completi, inclusi la gestione della liquidità, il finanziamento del commercio e soluzioni finanziarie sostenibili per supportare le operazioni globali di Fosun. Questo segna il loro terzo memorandum di cooperazione strategica dalla partnership iniziale nel 2007. Fosun International opera in oltre 35 paesi, servendo sia clienti privati che aziendali attraverso la sua presenza commerciale globale.

Fosun International (FOSUY) y Standard Chartered China firmaron un memorándum de entendimiento para la cooperación estratégica durante la Séptima Exposición Internacional de Importación de China. El acuerdo tiene como objetivo expandir su cooperación en el mercado global, especialmente en los mercados de la 'Belt and Road'. Standard Chartered proporcionará servicios financieros integrales, incluyendo gestión de efectivo, financiamiento comercial y soluciones financieras sostenibles para respaldar las operaciones globales de Fosun. Esto marca su tercer memorándum de cooperación estratégica desde su asociación inicial en 2007. Fosun International opera en más de 35 países, atendiendo tanto a clientes individuales como corporativos a través de su presencia comercial global.

포순 인터내셔널 (FOSUY)과 스탠다드 차타드 차이나는 제7회 중국 국제 수입 박람회기간 동안 전략적 협력에 대한 양해각서를 체결했습니다. 이 협정의 목표는 '일대일로' 시장을 포함하여 글로벌 시장 협력을 확대하는 것입니다. 스탠다드 차타드는 포순의 글로벌 운영을 지원하기 위해 현금 관리, 무역 자금 조달 및 지속 가능한 금융 솔루션을 포함한 종합 금융 서비스를 제공합니다. 이는 2007년 초기 파트너십 이후 세 번째 전략적 협력 양해각서입니다. 포순 인터내셔널은 35개국 이상에서 운영되며, 글로벌 사업 활동을 통해 개인 고객과 기업 고객 모두에게 서비스를 제공합니다.

Fosun International (FOSUY) et Standard Chartered China ont signé un mémorandum d'entente pour une coopération stratégique lors de la Septième Exposition Internationale d'Importation de Chine. L'accord vise à élargir leur coopération sur le marché mondial, en particulier sur les marchés de la 'Belt and Road'. Standard Chartered fournira des services financiers complets, y compris la gestion de trésorerie, le financement du commerce et des solutions financières durables pour soutenir les opérations mondiales de Fosun. Cela marque leur troisième mémorandum de coopération stratégique depuis leur partenariat initial en 2007. Fosun International opère dans plus de 35 pays, servant à la fois des clients privés et des entreprises grâce à sa présence commerciale mondiale.

Fosun International (FOSUY) und Standard Chartered China haben während der Siebten China International Import Expo ein Memorandum of Understanding zur strategischen Zusammenarbeit unterzeichnet. Das Abkommen zielt darauf ab, ihre globale Marktzusammenarbeit, insbesondere in den Märkten der 'Belt and Road', auszubauen. Standard Chartered wird umfassende Finanzdienstleistungen anbieten, einschließlich Cash-Management, Handelsfinanzierung und nachhaltiger finanzieller Lösungen zur Unterstützung von Fosuns globalen Operationen. Dies ist ihr drittes strategisches Kooperationsmemorandum seit ihrer ursprünglichen Partnerschaft im Jahr 2007. Fosun International ist in über 35 Ländern tätig und bedient sowohl Privat- als auch Geschäftskunden durch seine globale Geschäftspräsenz.

Positive
  • Expanded access to comprehensive financial services through Standard Chartered's global network
  • Strategic partnership with a major international bank strengthening global operations
  • Enhanced financial support for international expansion and Belt and Road initiatives
Negative
  • None.

HONG KONG, Nov. 6, 2024 /PRNewswire/ -- On November 6, 2024, during the Seventh China International Import Expo ("CIIE"), Standard Chartered Bank (China) Limited Co. ("Standard Chartered China") and Fosun International Limited ("Fosun International") signed a memorandum of understanding for strategic cooperation ("MOU") to further deepen the bank-enterprise cooperation based on the existing cooperation and to expand the depth and breadth of cooperation in the global market, especially in the "Belt and Road" market.

Under the witness of Mary Huen, CEO, Hong Kong and Greater China & North Asia of Standard Chartered, and Wang Qunbin, Co-Chairman of Fosun International, Wesley Yang, Deputy CEO and Head of Financial Markets, Standard Chartered Bank China, and Zhang Houlin, Senior Vice President and Co-Chief Financial Officer of Fosun International, signed the MOU on behalf of both parties.

Under the strategic cooperation agreement, Standard Chartered China will coordinate global resources to actively support Fosun International's domestic and overseas development needs, and design corresponding comprehensive financial services solutions. At the same time, Standard Chartered will leverage its international network advantage to provide comprehensive cash management, trade financing, and sustainable financial services for Fosun International's global operations.

"We are very pleased to continue to deepen our cooperation with Fosun International", said Wesley Yang, Deputy CEO and Head of Financial Markets, Standard Chartered Bank China, "In recent years, Fosun International's profound global operation capabilities have continued to improve, becoming one of the model companies for Chinese enterprises to operate globally. We look forward to continuing to upgrade our bank-enterprise cooperation with Fosun International, playing a unique role as 'super connector' by supporting Fosun International to achieve high-quality global business development."

Zhang Houlin, Senior Vice President and Co-Chief Financial Officer of Fosun International, said: "We are very pleased to further deepen our long-term strategic partnership with Standard Chartered. The cooperation between Standard Chartered and Fosun began in 2007, and this is the third time that Standard Chartered and Fosun have signed a strategic cooperation memorandum, reflecting Standard Chartered's long-term support for Fosun. Through this cooperation, Fosun can leverage Standard Chartered's network and resources to continuously support and help Fosun and its various industry groups in achieving healthy growth globally, deepening our globalization and innovation capabilities."

This year marks Standard Chartered's seventh consecutive participation in CIIE. With the new theme of "Connectivity knows no border. Set sail for a new journey", Standard Chartered demonstrates its positioning as a "super connector" in cross-border finance and its full range of services, bringing a series of innovative solutions to connect global markets, including customised service cases for different trade corridors, cross-border RMB solutions covering 34 global markets, and green and sustainable financial solutions, etc.

This year also marks the seventh consecutive year that Fosun, together with its subsidiary Fosun Pharma, is participating in CIIE under the theme of "Arriving on Schedule, Sharing Global Opportunities", with a series of innovative products and themed activities being showcased at CIIE. Rooted in China, Fosun International has been developing globally and has long adhered to the two core growth drivers of "Globalization" and "Innovation", establishing a global business presence in more than 35 countries and regions around the world. Fosun is committed to providing a happiness ecosystem and high quality products and services to one billion global family customers and corporate customers, with extensive cooperation with Standard Chartered in multiple markets around the world.

Cision View original content:https://www.prnewswire.com/news-releases/standard-chartered-and-fosun-international-sign-a-memorandum-of-understanding-for-strategic-cooperation-302297412.html

SOURCE Fosun

FAQ

What is the purpose of the 2024 MOU between Fosun International (FOSUY) and Standard Chartered?

The MOU aims to deepen bank-enterprise cooperation and expand global market collaboration, particularly in Belt and Road markets, with Standard Chartered providing comprehensive financial services to support Fosun's global operations.

When did Fosun International (FOSUY) first begin its partnership with Standard Chartered?

The cooperation between Fosun International and Standard Chartered began in 2007, with this being their third strategic cooperation memorandum.

What financial services will Standard Chartered provide to Fosun International (FOSUY)?

Standard Chartered will provide comprehensive cash management, trade financing, and sustainable financial services for Fosun International's global operations.

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