The nation has restructured its economy in recent years to impel enterprises to cope with economic changes actively. On September 11, in the talks with Yang Zhanpeng, president of Bank of China, Guangxi Branch (BOC Guangxi), Yan Ping, chairman of Yuchai Group, said that Yuchai would step up corporate restructuring and rapidly advance corporate transformation and upgrading in the coming one year or two, thus further boosting the level of corporate development.

Yan Ping (R) talks with Yang Zhanpeng (L)

Since the beginning of this year, Yuchai Group has maintained rapid development, achieved a leap in business sectors like engine and took on the situation of stable development. Yan said, it is vital to maintain the overall health of the enterprise in the current economic context. To maintain rapid development, Yuchai will adjust its existing industrial sectors to revitalize resources and bring its advantage into play to rapidly advance corporate transformation and upgrading. Yuchai and BOC Guangxi are good partners, in the future, Yuchai will, together with the bank, seize opportunities and persist in cooperation to seek common development.

Yang admired Yuchai's active adjustment. Over the years, BOC Guangxi has forged deep friendship with Yuchai and the two sides have jointly coped with market changes to achieve win-win, he said. He had full confidence in the cooperation, pledging to offer full support for Yuchai's development.

During the talks, Yan also exchanged views with Yang on specific businesses in depth.

In recent years, Yuchai has forged close partnerships with large financial institutions like BOC, thus promoting the common development of the enterprise and the financial industry and yielding substantial economic benefit.

(Song Yonggeng)