International Far Eastern Leasing Elected as Executive Member of Lujiazui Financial City Council
The Lujiazui Financial City Development Bureau, which has been attracting considerable attention from all quarters, officially began operation on August 24. At the same time, Lujiazui Financial City Council’s plenary session came to a smooth close, having officially fulfilled its duties. The Shanghai Municipal Committee and Pudong New Area Committee Party Secretary, Shen Xiaoming, Shanghai Deputy Mayor, Zhou Bo and Pudong New Area Director, Weng Zuliang attended the plenary session, along with elite representatives from various enterprises in the financial, trade, and transportation industries. At the plenary session, International Far Eastern Leasing Co., Ltd. was elected as an Executive Member of the Council. The company’s Vice President, Wang Ruisheng, attended the plenary session on behalf of the company and accepted the “Executive Member” letter of appointment.
It is understood that with the establishment of the Financial City Development Bureau, the Lujiazui Financial City Council is leading the whole country in implementing “industry co-governance + statutory boards”, which is an important financial reform and innovation measure. The establishment of the Council brings the characteristics of “industry co-governance” to the fore. Council members mainly come from the financial industry, and also include members from the shipping, trade and professional services. Industry representatives account for over 90% of members, and foreign-invested organizations make up 30%. It brings together the biggest strengths of society in the Financial City, fully reflecting its dominant position in the market, and embodying the concepts of “specialization, diversification and internationalization".
In addition, International Far Eastern Leasing has been named as an Executive Member of the Council, given its position as a leader in the financial leasing industry. It is also an industry representative enterprise, which has made many contributions to financial innovation in Shanghai. It has also served as an important role model to the financial leasing industry during its rise in recent years.
After the plenary session, Vice President Wang Ruisheng was interviewed by the media. Mr. Wang said that the development of Far Eastern Leasing was linked in a profound way with Lujiazui and Shanghai. Far Eastern Leasing, an innovative, market-oriented financial company, is dedicated to exploring financial innovation. The Lujiazui Financial City Council is dedicated to promoting financial innovation, innovation of financial regulation and promoting financial companies’ overseas expansion, which coincides with Far Eastern Leasing’s development strategy. Through this platform and together with the other members of the Financial City Council, Far Eastern Leasing will jointly assist the development and continued prosperity of the Shanghai financial industry.