Meng Jianmin meets with HSBC Holdings Chairman Mark Tucker

SASAC Vice Chairman (3rd L) Meng Jianmin and HSBC Holdings Chairman Mark Tucker (3rd R) pose for photo during the meeting on Oct 16. [Photo/sasac.gov.cn]

Meng Jianmin, Vice Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with a delegation led by Mark Tucker, Chairman of HSBC Holdings, on Oct 16.

Meng briefed on the progress of the integration and reorganization of Chinese central state-owned enterprises (SOEs), deleveraging and their participation in the Belt and Road Initiative.

He said that Chinese central SOEs need the support of professional financial institutions to deepen reform and participate in international business, and hoped HSBC Holdings could continue strengthening the cooperation with SASAC and Chinese central SOEs with its professional services and advantages of research on economy and finance.

HSBC Holdings has fully recognized the importance of Chinese central SOEs to China's economic development and will continue to fulfill its commitment to the development of China, in particular, Chinese central SOEs, and offer quality financial services, Mark Tucker said.

(Executive editor: Hao Wen)