XCMG and OCBC Bank (China) sign strategic cooperation agreement
2025,03,13
Recently, XCMG and OCBC Bank (China) held a strategic cooperation meeting and signed a head-to-head strategic cooperation agreement. Yang Dongsheng, Chairman and Party Secretary of XCMG Group and XCMG Machinery, and Hong Yongxiang, CEO of OCBC Bank (China), attended the event.
Yang Dongsheng extended a warm welcome to Hong Yongxiang and his delegation, and expressed his gratitude to OCBC Bank for its long-term strong support to XCMG. He said that XCMG's global development cannot be separated from the support of international financial capital. OCBC Bank Group has an extensive service network and diversified product advantages in Southeast Asia, and is one of XCMG's most important banking partners in the region. This cooperation will inject strong financial momentum into XCMG and help accelerate the advancement of XCMG's main internationalization strategy.
Hong Yongxiang said that as a leading enterprise in the global construction machinery industry, XCMG has achieved outstanding achievements in the international market in recent years. The achievement of this strategic cooperation will create a broader development space for both parties and promote resource sharing and complementary advantages. In the future, OCBC Bank (China) will carry out more extensive and in-depth cooperation with XCMG in various fields in Southeast Asia, especially in the Indonesian market, to meet XCMG's growing cross-border development needs and jointly promote the sustained and rapid development of China's high-end manufacturing industry in the global market.
The signing of this strategic cooperation agreement is not only a milestone in the cooperation between XCMG and OCBC Bank, but also an important step for both parties to jointly promote internationalization strategy and accelerate international layout. The two sides will further deepen mutual trust and cooperation, comprehensively enhance the synergy between banks and enterprises, open a new chapter of industrial and financial integration, and work together to achieve high-quality development.
Yu Hongyu, Vice President and Chief Financial Officer of XCMG, Chen Qinghui, General Manager of OCBC China Corporate Banking Department, and heads of relevant departments of OCBC Bank and XCMG attended the talks and signing ceremony.
