SCB entered a comprehensive cooperation with Hong Kong Huarong Financial

On 12/12/2017, Sai Gon J.S. Commercial Bank (SCB) and Huarong International Financial Holdings Limited (Hong Kong Huarong Financial) entered a comprehensive cooperation. With this cooperation, SCB and Hong Kong Huarong Financial will support each other in all operational aspects such as investment, finance management, partner introduction, search and implementation of investment projects, etc. Especially, with strong financial capability and profound knowledge, Hong Kong Huarong Financial will provide financial support as well as consultations to SCB in construction of infrastructure, industrial zones, economic areas, housing projects, etc. in Ho Chi Minh city and nearby areas. In return, with 25 years of experience in finance in Vietnam, SCB will support Hong Kong Huarong Financial in surveying Vietnam market, setting a foundation for the expansion of the Hong Kong - based group.


Hong Kong Huarong Financial:

Hong Kong Huarong Financial belongs to China Huarong Asset Management Co., the first multi-function financial group listed abroad. Huarong Financial, based in

Hong Kong, operates in 03 main businesses: stock brokerage, financial investment and asset management. As end of 2016, total asset of Hong Kong Huarong Financial reached approximately HKD22.3 billion, which is around VND64,750 billion. Huarong Financial is currently listed on Hong Kong stock market (Stock code: 0993.HK). Huarong Financial receives huge support from China Huarong Asset Management Co. in finance, prestige and operational governance. It is one of the four asset management companies established by China Governement in 1999 to support the banks in handling with bad debts. China Huarong Asset Management Co. is currently managing investment porfolio of approximately USD200 billion in many aspects including: infrastructure, industrial zones, airports, highways, etc. With significant operational achievements for the last years and strong support in finance and experience from its parent group, Hong Kong Huarong Financial has steadily expanded its operation to nearby regions, especially in Indochina, including Vietnam. Hong Kong Huarong Financial’s brand and market has constantly grown. In April 2017, Hong Kong Huarong Financial has been awarded for “Outstanding enterprise financial operation” by Bloomberg Businessweek/Chinese version.