2019.05.14

On May 13, 2019, Times China and Ping An Trust held a strategic partnership signing ceremony worth RMB18 billion at Times Property Center, Guangzhou. Ping An Trust will provide Times China with multiple services including non-standard credit financing, real-estate fund investments, supply-chain factoring and asset securitization. The two sides will fully leverage their own advantages, constantly refine their mode of cooperation and deepen their exchanges in many areas.

Top executives from the two sides who attended the signing ceremony were Mr. Shum Chiu Hung, chairman of Times China; Mr. Niu Jimin, executive director and vice president of Times China; Mr. Li Xiang, general manager of Capital Center of Times China; Ms. Cao Ningli, executive deputy general manager of Ping An Trust; Mr. Ma Lu, chairman and general manager, Internal Channel and Business Management Department, Ping An Trust; and Ms. Li Bei, director and general manager, Shenzhen Regional Division, Ping An Trust.

·Times China and Ping An Trust achieve strategic partnership

Times China's Chairman Shum Chiu Hung extended his gratitude to Ping An Trust for its great support over the years. He pointed out that Ping An Trust is a leader in the financial industry and its all-around financial services will help improve the overall funding packages of Times China. Thus, the signing of the strategic cooperation agreement will allow the two sides to consolidate, deepen and develop their partnership, give full play to the advantages in integrating real estate into the financial industry, and attain mutual benefits.

Ms. Cao Ningli, executive deputy general manager of Ping An Trust, spoke highly of the progressive development strategy and sound and rapid development of Times China over the years. She said that Ping An Trust would adhere to the national development strategy and support the real economy by making use of the advantages of the trust policy and the integrated financial edges of Ping An (Insurance) Group. She believed that with the efforts of the two sides, the strategic cooperation would bring fruitful results and a bright, mutually beneficial future.

·Friendly exchanges between the senior management of the two sides