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On August 26, Shenyang Zhongshun Automobile Co., Ltd., MAGNA Canada, and Hong Kong Albert CHAN Group held a cooperation signing ceremony at Shenyang Ying Hotel. "China Motors" reached a cooperation agreement with the world's seventh largest automotive parts company, vehicle manufacturer and Fortune 500 company, MAGNA Canada, on automotive industry projects. The mayor of Chen Zhengshi attended the signing ceremony. The cooperation between Zhongshun Auto, MAGNA Canada and Hong Kong Albert CHAN Group involves cooperation in vehicle R&D, production line design, parts and components, production and logistics management, product testing and certification, and international market sales cooperation. Give play to the win-win cooperation of their respective resource advantages. HSBC Investment Bank of Hong Kong has established a closer financial business cooperation with Zhongshun Automobile. It will continue to follow up the industrial projects of Zhongshun Automobile and provide financial support and full-service for its rapid development. Wang Ying, deputy mayor, said at the signing ceremony that the municipal government will fully support the development of Zhongshun Auto. Peter Habig, Vice President of M AGNA, Canada, said that "China Motors" is a strong partner. Mr. Ruan Guocang, chairman of Hong Kong-based HSBC Investment Bank Asia Pacific, said that he will provide the best financial services to all parties involved in the cooperation. Zhou Tianbao, chairman of Hong Kong Tianbao Group, said that "Zhongshun Automobile" should take this cooperation as an opportunity to make new contributions to the economic development of Shenyang. Liu Zhongliang, Chairman of the Board of Directors of Hong Kong Albert CHAN Group and Canadian Ambassador to China Bei Xiang attended the signing ceremony. Before the signing ceremony, Chen Zhenggao met with Peter Habig and his party. Chen Zhenggao said that MAGNA, a Canadian company, is a world-renowned company. It is hoped that MAGNA of Canada will work closely with Shenyang Zhongshun Automobile Co., Ltd. to develop the automotive industry project. Chen Zhenggao said that the municipal government will go all out to support the development of this project. Wang Ying was present at the meeting. (Ni Bing)
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