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12 Authoritative Media Visit Far East Horizon to Discuss the Belt and Road (B&R) Initiative

Source:FAR EAST HORIZON CreateTime:2017-05-12

May 11, led by the Administration Bureau of Lujiazui Financial Center, journalists from Xinhua News Agency, People's Daily, Economic Daily, the First Financial, the Paper, Oriental Finance and other 12 authoritative media gathered together to focus on Far East Horizon in response to the important experience acquired from The Belt and Road (B&R) Initiative. Mr. Shang Bing, Vice President of Far East Horizon attended the conference and delivered a speech.

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Shang Bing emphasized on a three-step development of Far East Horizon: the first step is resource and management localization; the second step is resource globalization and management localization. They will head toward the goal in the third step: resource and management globalization, which is highly compatible and resonant with the development of China's economy and national strategy.

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He further expressed his idea on the past two years when Far East Horizon actively responded to The Belt and Road Initiative by investing approximately 90 billion yuan in the nine major industries in key provinces and cities concerned by the program, concentrating on ports, power stations, warehousing, railways and other infrastructure areas. From the industrial aspect, Far East Horizon has made its own contributions as well. Its subsidiary, Horizon Equipment and CATIC (China National Aero-Technology Import & Export Corporation) have jointly undertaken Sri Lanka-Kuala Lumpur International Airport change and expansion project, which was highly praised by Sri Lanka Minister of Transport.

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When speaking of the Company's development plan, Shang Bing pointed out that Far East Horizon would continue to follow the existing "financial + industry" business model, synchronize with China’s development, keep abreast with the country’s strategy, contribute to the national strategy, and implement the objectives of "Gathering Global Resources, Empowering Chinese Industries".