![KASIKORNBANK (China) signs an MoU with the Federation of Shenzhen Commerce to strengthen and expand business opportunities under the SINO-AEC network](/img/files/20240314/iqb63017f6321ce7bacc6ff9b048daeaa4.jpg)
Mr. Congbao Wang (second from right) President, KASIKORNBANK (China), and Mr. Qing Shi (second from left) Secretary General, the Federation of Shenzhen Commerce (FSC), recently attended the signing ceremony of the Memorandum of Understanding (MoU) to foster relations and expand business opportunities under the SINO-AEC network, and strengthen trade and economic cooperation among China, Thailand and other ASEAN member states through KBank's networks across various countries. Additionally, the MoU aims to facilitate Chinese entrepreneurs wishing to invest in Thailand and other ASEAN member states, including Thai-ASEAN entrepreneurs wishing to expand their market to China. Both organizations will provide comprehensive advice on trade and investment between China and Thailand. Mr. Pipit Aneaknithi (right) Chairman, KASIKORNBANK (China), and Mr. Guang'an Li (left) Chairman of Shenzhen Rural Commercial Bank, along with representatives from Chinese government agencies, Chinese businessmen and leaders, were among the witnesses at the MOU signing ceremony held at the Grand Hyatt Shenzhen Hotel, China.
FSC serves as a center for providing and maintaining business and trade benefits for its members. There are presently more than 10,000 FSC members, including leading companies across major industries, such as electric vehicles (EVs), finance and banking, plus information and communication technology (ICT), with a combined worth of more than CNY14 trillion in assets, amounting to 11 percent of China's GDP.