Steven Barnett, IMF’s Senior Resident Representative for China, Pays a Visit to SUMEC

On October 17, a delegation from Jiangsu Branch of the People’s Bank of China led by Steven Barnett, the International Monetary Fund’s Senior Resident Representative for China, visited SUMEC Group Corporation. Steven Barnett and the delegation were accorded a cordial reception by Yang Yongqing, Secretary of the Party Committee and Chairman of SUMEC, and Wang Jian, Member of the Party Committee , Deputy General Manager, Financial Director and Secretary of the Board of Directors of SUMEC.

Yang Yongqing elaborated on the current business development of SUMEC. He said that SUMEC has always adhered to the four development concepts, such as high-quality sustainable development, innovative development, win-win development and compliance development, taken the five strategies such as dual-cycle development, digital transformation, S&T innovation, green development and brand development as the starting point and regarded excellent characteristic corporate culture as the motivation to construct a digital-driven international industrial chain and supply chain and build a dual-cycle benchmark enterprise with the domestic and international businesses promoting each other. He expressed the hope to strengthen the exchanges with IMF, seize more global opportunities and promote the better development of the company.

Steven Barnett thanked SUMEC for its warm reception, saying that IMF, as a global financial organization, is looking forward to listening to the voices of Chinese enterprises. The current global situation is full of challenges. SUMEC, as a diversified international group with industrial chain and supply chain all over the world, actively responds to and embraces the changes and shows strong flexibility and development momentum. At present, Asia’s economic growth is still resilient. SUMEC is expected to gain more opportunities in the future.

The delegation led by Steven Barnett visited the exhibition hall of the company before the discussion and exchange. Gao Chang, Director of IMF and relevant staff from Asset Finance Department of SUMEC attended the above activities.