Greenland Group has signed a global strategic cooperation with HSBC Bank (China) Company Limited, and the two parties will cooperate in core areas such as credit, financing, and global fund management. The cooperation will strengthen Greenland’s global resource allocation, enhance investment and financing, and promote the development of the industry. Zhang Yuliang, Chairman and President of Greenland Group, and Bryan Pascoe, Global Head of Client Coverage, Commercial Banking, attended the signing ceremony.
The HSBC Group is the number one global transaction bank, and is one of the world's largest banking and financial services organisations, with about 3900 offices in 66 countries and territories around the world.
Under the agreement, HSBC will become the main cooperative banking and strategic partner of Greenland Group and will sponsor various financial services. In HSBC’s favour were its stability, high credit rating, support of a wide variety of business types, and its strong interest in supporting Greenland’s business.
HSBC will support Greenland’s domestic and overseas investment, mergers and acquisitions and project construction, investment and financing, and will provide advisory services.
Zhang Yuliang, Chairman and President of Greenland Holdings, said: “HSBC has a long and glorious history and is a strong brand in the global financial industry. Greenland and HSBC already work very closely together, and this new global strategic cooperation will bring further mutual benefit.”
HSBC was a co-sponsor (along with Bank of China) of Greenland’s first development in the UK – the award-winning Ram Quarter. Set in the historic grounds of the former Young’s Brewery in Wandsworth, Phase One of Ram Quarter completed last year and many residents have moved in.
Greenland has previously entered strategic cooperation agreements with other financial institutions such as Deutsche Bank and Japan Mizuho Financial Group.