Blockchain
Fosun Receives RMB12 Billion Syndicated Loan from 8 Banks to Jointly Promote Development of the Private Economy
On 16 January 2023, Shanghai Fosun High Technology (Group) Co., Ltd. (“Fosun High Technology”) and eight domestic banks held a syndicated loan signing ceremony at the Bund Finance Center, Shanghai. According to the agreement, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications as joint lead banks, and China Minsheng Bank, the Export-Import Bank of China, and Shanghai Pudong Development Bank, and as participating banks will jointly form a syndicate to provide Fosun High Technology a loan totaling RMB12 billion.
Shou Ziqi, Vice Chairman of All-China Federation of Industry and Commerce, Vice Chairman of the Chinese People’s Political Consultative Conference Shanghai Committee, and Chairman of Shanghai Federation of Industry and Commerce, Representatives of China Banking and Insurance Regulatory Commission Shanghai Supervision Office and Shanghai Local Financial Supervision Bureau, and managements of eight leading banks, Guo Guangchang, Chairman of Fosun International, Wang Qunbin, Co-chairman of Fosun International, Chen Qiyu and Xu Xiaoliang, Co-CEOs of Fosun International, attended the ceremony and witnessed the signing together.
Shou Ziqi congratulated the successful completion of the syndicated loan. He said that the eight banks took concrete measures to work unswervingly both to consolidate and develop the public sector and to encourage, support and guide development of the non-public sector, further broadening the financing channels of private enterprises and reducing financing costs. The syndicated loan is not only of great significance to Fosun, but it also plays a positive role in improving public expectations and boosting confidence for development for private enterprises in Shanghai and even the entire country.
The representative of the syndicate said that the 20th National Congress of the Communist Party of China reaffirmed the need to work unswervingly both to consolidate and develop the public sector and to encourage, support and guide development of the non-public sector and explicitly proposed to promote development of the private economy for the first time. The Central Economic Work Conference held recently once again emphasized the need to work unswervingly both to consolidate and develop the public sector and to encourage, support and guide development of the non-public sector. The successful completion of the syndicated loan is a practical measure taken by the banks to actively provide financial services and guidance, working unswervingly both to consolidate and develop the public sector and to encourage, support and guide development of the non-public sector. As a representative enterprise of China’s private sector rooted in Shanghai, Fosun hopes to take this signing as an opportunity for government, banks and enterprises to jointly promote development of the private economy.
Guo Guangchang expressed his gratitude to the eight banks for their long-term trust and support to Fosun. He said that this signing has further deepened the cooperation between Fosun and banks, broadened financing channels, and consolidated liquidity support for business development. In recent years, as a global innovation-driven consumer group, Fosun has been focusing on the consumption needs of families, and achieved steady development in sectors such as Health, Happiness and Wealth. “In 2023, we believe that demand will gradually be unleashed in the family-oriented consumer sector. We will continue to improve our products and services to better meet the needs of families.”
The signing ceremony was presided over by Wang Qunbin. Signing representatives and relevant persons in charge of the eight banks, Gong Ping, Executive President and CFO of Fosun International, Li Haifeng, Executive President of Fosun International, Zhang Houlin, Senior Vice President and Co-CFO of Fosun International, Zhu Wenkui, Vice President of Fosun International, Chen Yue, Senior Assistant to the President and Co-CFO of Fosun, attended the signing ceremony.
Founded in 2005, Fosun High Technology is the domestic operating entity of Fosun International Limited (“Fosun International”, HKEX: 00656) and is mainly responsible for Fosun International’s domestic industry operations.
SOURCE Fosun
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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