The opening ceremony of VPOWER FINANCE SECURITY (HONG KONG) LIMITED (“VPOWER HK”) was held

On September 23, 2016, the opening ceremony of VPOWER HK was held in Heili Mansion, 1881, Tsim Sha Tsui, Hong Kong. Nearly 300 guests from the Central Government Liaison Office in Hong Kong, the regulatory authorities, the Shenzhen-Hong Kong financial institutions, the gold and silver jewelry industry, local partners and national armed escort companies attended the ceremony. Vice Minister Yang Yi, Deputy Minister of the Central Government Liaison Office in Hong Kongspecial guest Mr. Luo BochuanDeputy General Manager of Bank of China (Hong Kong) Sun YiChairman of the Board of Directors of Chinese Gold and Silver Exchange, Mr. Chen ShangzhiMr. Wang Wei, General Manager of VPOWER, and Mr. Hu Ke, Chairman of the Board of Directors of VPOWER, each delivered a speech and cut the ribbon for the opening of the VPOWER HK.

Vice Minister Yang Yi expressed his congratulations on the successful opening of VPOWER HK. He said that Hong Kong is the third largest financial center in the world and one of the most important shipping hubs and most competitive cities in the international and Asia-Pacific regions. With the gradual development of the “Belt and Road”, the renminbi will be more internationally use. He hopes that the VPOWER HK will live up to expectations and provide stronger protection for the normal cross-border movement of the renminbi.

Special guest Mr. Luo Bochuan said in his speech that the RMB will formally join the International Monetary Fund (IMF) Special Drawing Rights (SDR) currency basket on October 1, 2016, which is an important “milestone” for the internationalization of the RMB. The internationalization of the renminbi will further accelerate, and the demand for renminbi cross-border escort will also accelerate accordingly. Mr. Luo Bochuan expects VPOWER HK to carry forward the solid and efficient work style of VPOWER, and make every effort to contribute to the internationalization of the RMB!

In order to express the warm congratulations and sincere hopes of VPOWER HK, the China Security Association sent a congratulatory letter, which was announced by Wang Wei, the general manager of VPOWER. According to the congratulatory letter, Hong Kong is the bridgehead for the internationalization of the renminbi. The China Security Association hopes that VPOWER HK can make full use of Hong Kong's global financial center and international shipping center status, and closely contact overseas Chinese financial institutions for Hong Kong, etc. The circulation of RMB cash in overseas areas is escorting, providing strong security services for overseas Chinese-funded financial institutions, and making due contributions to the implementation of the national “One Belt, One Road” strategy for the armed escort industry.

Chairman Hu Ke said in his speech that since 1997 the company was established in Shenzhen, and since 2007, it has assumed the RMB secured transportation business in Shenzhen and Hong Kong. By 2016, the VPOWER HK was formally established. “VPOWER” has always been at the forefront of the national domestic operation. After the opening and operation of VPOWER HK, it will rapidly improve the safety factor and service efficiency of RMB issuance funds in Hong Kong, ensure the normal cross-border movement of the RMB, and will also help to further improve the financial logistics supporting services and maintenance in Hong Kong. The normal financial order has injected new vitality into the security industry in Hong Kong and provided a strong guarantee for Hong Kong to maintain its position as the world's largest offshore center.

The establishment of VPOWER HK will be dedicated to building an integrated service of RMB escort, guarding and custody in Hong Kong. Based on this, we will make full use of the resources owned by VPOWER and gradually move into the international high-end secured global logistics industry. We will build VPOWER HK into an excellent enterprise for connecting Hong Kong and Shenzhen and facing international markets. We believe that VPOWER 's small step across the Shenzhen River will surely become a major step into the international markets for the Chinese security transportation  industry!