Gathering again by CIIF, new cooperation between China and Italy

As the first offline national industrial exhibition being held under the premise of the regular epidemic prevention and control this year, the 22nd China International Industry Fair (CIIF) kicked off at the National Exhibition and Convention Center (Shanghai) on Sept. 15, 2020, with the theme of "Intelligence & Interconnection, Empowering New Industrial Development" . This year's CIIF lasted for 5 days, with 9 major exhibitions and attracted more than 2,000 exhibitors to participate in.

On the morning of September 16, Mr. Yang Lin, the General Manager of Shanghai SUMEC Business Consulting Co., Ltd. and General Manager of Financial Services Department of SUMEC International Technology Co., Ltd.（hereinafter referred to as SUMEC）, and Mr. Paolo Bazzoni, the Chairman of CCIC (CAMERA DI COMMERCIO ITALO CINESE), signed a memorandum of understanding on the exhibition area of Italian National Pavilion. 

Two parties reached an agreement about strengthening the support for Chinese enterprise and promoting the bilateral trade through the one-stop equipment financing product portfolio, especially for high-end intelligent equipment produced by Italian enterprises in China, by combining the power of SUMEC with SACE (the Italian export credit agency), CCIC, ITA (Italian Trade Agency), and Italian Embassies and Consulates in China.

The signing ceremony was witnessed by Mr. Emanuele de Maigret, Deputy Head of the Italian Embassy in China. 

SUMEC has established a good cooperative relationship with SACE , CCIC, ITA, and Italian Embassies and Consulates in China since 2017.

Especially in June of this year, two parties overcame barriers of the epidemic and organized a China-Italy Cloud Conference with the theme of "Restarting the Chinese Market". They conducted an in-depth analysis on how to deal with the emergency of the coronavirus, and reached an agreement on the business model of expanding business in China jointly by combining SUMEC platform resources and Italian equipment manufacturers' resources.  

One-stop equipment financing service supported by SUMEC advances with the times and provides customers with comprehensive and high-quality services. It's worth mentioning that cross-border financing service products have helped domestic enterprises to reduce financing costs, extend financing maturity, broaden financing channels in the past few years, which effectively meet the financing needs of medium and large enterprises, and help the development of the private economy.