Recently, the signing ceremony of strategic cooperation agreement between Far East Horizon Limited and Yantai Guofeng Investment Holdings Group Co., Ltd. (Guofeng Group) was successfully held in Hong Kong, attended and witnessed by Mr. Xu Huibin (Assistant President of Fehorizon), Mr. Zheng Deyan (Vice Secretary of the municipal Party committee and Mayor of Yantai, Shandong Province), and Mr. Han Yaodong (Deputy Mayor of Yantai). The agreement was signed by VP of Fehorizon Mr. Zhang Ye and Secretary of the Party committee and Board Chairman of Guofeng Group Mr. Rong Feng on behalf of the two parties.

According to the agreement, both parties will carry out diversified and in-depth cooperation in areas such as biomedicine FOF, investment attraction for industrial park, business attraction activities, financial leasing, marketized financial investment, infrastructure investment, new energy construction investment and construction equipment operation to give full play to their respective resource advantages and expertise in fields including assets and industry, and establish a long-term, stable and sustainable strategic partnership.

Before the signing ceremony, both parties had a discussion with thoughts exchanged.

Mr. Xu Huibin and Mr. Zhang Ye extended a warm welcome to the party from the government of Yantai and Guofeng Group. Mr. Sun Tao, Senior Director of Fehorizon’s Strategy Center narrated the development course of Fehorizon at great length. There has always been a good foundation for cooperation between Fehorzion and Yantai City, with cumulative financial leasing business investment and infrastructure investment operation scale reaching 7 billion yuan and 4 billion yuan respectively. Based on the agreement signed, Fehorizon looks forward to establishing a higher-level and multi-dimensional interactive platform with Yantai City and continuing to step up cooperation in all business directions. 

Mayor Zheng Deyan introduced the situation of Yantai comprehensively and indicated a high degree of recognition of Fehorizon’s “finance + industry” business mode. It is believed that there are huge potentials for future cooperation between both parties and a win-win partnership can be achieved in multiple aspects.

Chairman Rong Feng said that Fehorizon has enormous financial and industrial resources, and Guofeng Group will seek in-depth cooperation in directions including investment attraction, financial leasing and hospital operation guided by Fehorizon’s FE Fund as GP of biomedicine fund. In addition, Mr. Zhang Ye mentioned that the newly established new energy fund of Fehorizon’s cross-border financial business can also invest in Yantai’s green and low-carbon industry and contribute to the urban upgrade and industrial upgrade of Yantai.

The event was also attended by leaders including Wang Songjie (Vice Chairman of the Yantai Municipal Committee of the CPPCC), Wang Wenfeng (Secretary-General of the Government of Yantai), Yu Jianchao (Director of the Taiwan, Hong Kong and Macau Office of Municipal Party Committee), You Yulin (Director of the Bureau of Commerce of Yantai), Yao Baoxin (Director of the Investment Promotion Center of Yantai), Ren Jinfeng (Deputy General Manager of Guofeng Group), Sha Junming (General Manager of Yantai Biomedicine Group), Liu Hong (General Manager of FE Fund), Wu Lingfeng (General Manager of Fehorizon Infrastructure), Wei Xinfang (General Manager of Public Utilities Department I), Hou Chunxiao (General Manager of Healthcare Department I), Zhang Quanquan (General Manager of Investor Relations Department), etc.

Guofeng Group

Established in February 2009, Yantai Guofeng Investment Holdings Group Co., Ltd. is a wholly state-owned company with a registered capital of 10 billion yuan, with its total assets and net asset reaching about 300 billion yuan and 118 billion yuan respectively. Rated AAA in domestic entity credit rating and BBB+ by Fitch in international entity rating, it has a stable outlook. As the first group in Yantai invested by state-owned capital, Guofeng Group is devoted to promoting a virtuous cycle of state-owned capital and serving industrial and economic development; surrounding the four functions of financing, investment attraction, construction and services, it strives to promote the sustainable and healthy development of business in six sectors including equity management, industrial investment, industrial park operation, investment attraction services, financial trade and marketized business, and fully guarantee the implementation of major investment projects of Yantai.