FOTIC Attends 1st Petrochemical Smart Supply Chain Summit, Boosting Industry-Finance Integration Through Customer Collaboration

On July 12, the "1st Petrochemical Smart Supply Chain Summit", organized by Sinochem Energy Technology Co., Ltd. (Sinochem Energy) with guidance from the CFLP Dangerous Chemical Logistics Committee, was held successfully in Jiujiang, Jiangxi Province. Relevant leaders from the National Development and Reform Commission, the Department of Commerce of Jiangxi Province, the Jiujiang Municipal People's Government and other relevant departments attended and spoke at the summit. China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) was invited to the summit as a co-organizer.

The conference is the first instance of customer collaboration between FOTIC and Sinochem Energy. The organizer invited 400 representatives from cargo owner enterprises in the smart supply chain system of Sinochem Energy, including Ningbo Zhongjin Petrochemical, Royal Dutch Shell, Tianjin Petroleum, Jilin Petroleum, China Base Ningbo Group and Hunan Macrolink Petroleum.

At the conference, Wei Mengmeng, Assistant-General Manager and General Manager of the Wealth Management Center of FOTIC delivered a keynote speech entitled Industrial Upgrading + Finance Energizing Under New Horizons. She analyzed the key fields in China's industrial upgrading, as well as the financial industry's business transformation logic of switching from the virtual economy to the real economy to serve industries, and gave a brief introduction to FOTIC's wealth of experience and mature business model in industry-finance integration to the petrochemical cargo owners. The event provided an opportunity and platform for FOTIC to access quality petrochemical customer resources, and laid a solid foundation for the internal industry-finance integration of Sinochem Group (Sinochem), she noted, hoping to provide financing and wealth management services for the attending cargo owners in the future.

As a wholly-owned subsidiary of Sinochem guided by the concept of “science foremost”, on the basis of studying the logic of industrial development in depth, FOTIC has flexibly employed the advantages of the trust system to gradually explore and advance the new model of industry-finance integration. Based on the successful experiences of its existing projects, FOTIC has kept researching and innovating; further integrated the needs and business features of customers in other business sectors including energy, chemical and agriculture; taken customized financial service as an instrument; and achieved the strategic goal of driving finance through industries and serving industries through finance.

In the future, FOTIC will follow all relevant policies, continue to meet the financial needs of the real economy, study the development logic of emerging industries in depth, conduct diversified operations to develop cross-market advantage, renovate products to practice industry-finance integration, strive to be an "incubator" and "booster" for industrial and corporate transformation and leaps, and create more steady earnings for investors.