The much-anticipated CICA Financial Summit 2021 concluded successfully on April 19. During the three-day meeting, more than 300 guests, including representatives from CICA member states, diplomatic envoys of CICA member states to China, relevant leaders of ministries and commissions, industry experts and scholars, and business representatives, had in-depth exchange of views on "Promoting steady and long-term practical CICA financial cooperation". As an important initiator of the CICA Financial Summit, International Union Construction Group shared with the guest leaders how to solve the problem of debt relief and rescue of state-owned enterprises and listed companies through financial integration.

At this year's CICA Financial Summit, Mr. Aaron, President of International Union Construction Group and Executive Director of China Council for the Promotion of Development Finance, said in his guest keynote speech that this summit will provide new opportunities and new momentum for further deepening cross-border financial cooperation, green cooperation and industry and finance cooperation among CICA countries. At the same time, it has brought new ideas and models to promote the overall sustainable development of CICA economy. As a state-owned joint-stock investment bank, International Union Construction Group is committed to providing more feasible and diversified financial solutions for state-owned enterprises and listed companies. Through the Group's business and capital advantages, we will guide high-quality capital reasonably to serve the real economy. With financial integration as its core, the Group aims to promote the orderly development of cross-border financial opening-up and cooperation, and give full play to the supporting role of financial capital in CICA economy.

In view of the current strong demand for debt relief by state-owned enterprises, President Aaron brought more effective and systematic solutions to the leaders and entrepreneurs attending the meeting. He pointed out that in recent years, state-owned enterprises and listed companies financing difficulties, high financing costs, has become a common problem. On the other hand, the high debt ratio makes it difficult for enterprises to operate and develop. How should enterprise managers take into account the risk of debt prevention, reduce debt pressure, and obtain medium - and long-term stable financial support? This is the focus of International Union Construction Group in the financial services sector. Through a series of implementation cases, the asset management plan of debt reduction financing (DRF) can help enterprises achieve the dual effect of low cost financing and reducing the asset-liability ratio.

Under the new pattern of "double cycle" development, International Union Construction Group has explored the carrier role of capital flow in resource allocation, and used capital cycle to drive economic cycle. The asset management plan of debt reduction financing (DRF) promoted in the field of debt investment can further strengthen the financial support for key industries and key sectors. By helping enterprises to enter the international market where capital cost is more favorable, the Group reasonably introduces low-cost capital to relieve the pressure on financing cost of enterprises. From the specific implementation level, DRF asset management can not only help enterprises to obtain medium and long-term financial support, but also revitalize the stock assets, resolve the stock debts in an orderly way, optimize the debt structure of enterprises, and then achieve the effect of reducing the debt ratio. In view of the differentiated financing needs of enterprises, DRF Asset Management provides more flexible financing solutions, including joint factoring, joint leasing, capital and equity increase, debt-for-equity swap, SPV project financing and REITs. Enterprises can implement multiple combination schemes according to current financing needs.

In his speech, President Aaron particularly emphasized that strengthening cross-border financial cooperation and deepening and expanding financing channels will have a far-reaching impact on the sustainable economic development of CICA. International Union Construction Group will continue to uphold the mission and original aspiration of "taking national construction as its own responsibility", and contribute national wisdom to the rapid economic development of CICA.