On August 31st, Kong Fanxing, Vice Chairman of the Board of Directors, Executive Director and Chief Executive of Far East Horizon, met with Wang Min, Chairman of the board and Secretary of the Party committee of XCMG, and his entourage at Far East Horizon Horizon Plaza. The two sides held talks on cooperation in various fields such as "two new and one major".

△Chairman Wang Min and his party visited the exhibition hall

Chairman Wang Min expressed his thanks to President Kong Fanxing for his warm reception. He said that visiting the exhibition hall, Far East Horizon’s forward-looking vision, scientific management and solid foundation are impressive. "The achievements made since Far East Horizon moved to the south are admirable! We can feel a very dynamic and innovative Far East Horizon. "

△Chairman Wang Min delivered a speech

Chairman Wang Min said that Far East Horizon's "daring to be the forerunner in the world" highly resonates with XCMG's "innovative" enterprise spirit. As a model of mixed reform of central enterprises, Far East Horizon is the first innovative financial company with financial leasing as its main business. XCMG is promoting mixed reform, reforming the system and mechanism and stimulating vitality and momentum.

President Kong Fanxing extended a warm welcome to Chairman Wang Min and his party. President Kong said that as a leading enterprise in China's construction machinery industry, XCMG's achievements in mixed reform are refreshing. It is believed that XCMG will stand at a new starting point, enhance its capital strength, strategic vision and management level, release its endogenous development momentum, and further improve its international competitiveness and influence.

△President Kong speaks at the meeting

President Kong Fanxing said that, for many years, Far East Horizon has been adhering to the development strategy of “finance + industry” for many years. It is both a service provider and a deep participant in the industry, and has been deeply engaged in equipment operation, medical care, k-12 education and other industries for many years. The company's subsidiary Horizon Construction & Development has become China's leading and global top 100 construction equipment integrated operation service provider and has a long history of business cooperation with XCMG.

At present, the country is speeding up the formation of a new development pattern of "double cycle" based on "domestic large cycle". The construction of "two new and one major" will inject great momentum into the development of construction machinery, equipment operation and other industries. The two sides look forward to further deepening and exploring cooperation in various fields, serving urban upgrading, environmental governance and improving people's livelihood, and promoting high-quality economic and social development.

XCMG has been ranked first in China's construction machinery industry for many years, and ranked fourth in the world construction machinery industry. Far East Horizon has conducted in-depth discussions and exchanges with XCMG on the cooperation in equipment operation, equity investment, industrial Internet and intelligent construction machinery.

Mr. Fei Guangshen (general manager of XCMG investment), Mr. Tian Donghai (director of Strategy Department of XCMG), Li Qianjin (general manager of fire safety equipment), and Zhang Qiliang (general manager of XCMG information); GUI Songlei (chairman of China Innovative Capital Management Co., Ltd.) and Cheng Qian (vice chairman of China Innovative Capital Management Co., Ltd.); Zhang Chunyu (general manager of Horizon construction and Development Co., Ltd.), Xu Huibin (general manager of Far East Horizon strategic center), Yang Jun (general manager of Grand Flight Investment Management. Ltd) and Zhang Ye (general manager of Far East Horizon Inclusive Finance Department) and other leaders attended the meeting.

△Group photo of leaders attending the talks

Tips：two new and one major

In 2020, the government work report proposed to expand effective investment and focus on supporting the construction of "two new and one major"

Strengthen the construction of new infrastructure, develop a new generation of information network, expand 5G applications, build charging piles, promote new energy vehicles, stimulate new consumer demand and help industrial upgrading.

Strengthen the construction of new urbanization and vigorously improve the public facilities and service capacity of the county.

Strengthen the construction of major projects such as transportation and water conservancy.