News Details
Bank-Enterprise Collaboration ▏Song Bin, President of the Zhejiang Branch of the Bank of Communications, Leads a Delegation on a Fact-Finding Visit to Wan’an
Release time:
2026-02-28
To strengthen bank–enterprise cooperation and jointly pursue innovative development, on February 27, Song Bin, President of the Zhejiang Branch of the Bank of Communications, accompanied by heads of the Corporate Banking Department, Credit Approval Department, Shaoxing Branch, Zhuji Sub-branch, and Diankou Sub-branch, paid a visit to Wan’an Group. During the visit, they inspected the company’s operations, gained an in-depth understanding of its strategic positioning, and reaffirmed the longstanding bond of mutual trust and collaboration. They were joined by Chen Jiang, Chairman of the Board; Zhou Shuling, Vice President of the Group; Jiang Xuefang, Deputy General Manager of Wan’an Technology; and other senior executives. The two sides engaged in thorough discussions on advancing relevant cooperative initiatives and reached a consensus.
During the symposium, Chairman Chen Jiang expressed his heartfelt gratitude to the leadership of Bank of Communications for their care and support for Wan’an. He provided a detailed overview of Wan’an’s development and focused on key areas, including the group’s industrial planning, local project construction, future investment needs, achievements in technological innovation, supply-chain finance cooperation, and the practical demand for financial services.
Chairman Chen Jiang stated that, over four decades of innovative development, Wan’an Group has grown its listed subsidiary, Wan’an Technology, into a top-100 Chinese automotive parts supplier. Its core products—including lightweight chassis frames, wireless charging technology, electro-mechanical braking (EMB), aluminum alloy fixed-caliper brakes, and advanced driver-assistance systems (ADAS)—have enabled the company to establish distinctive competitive advantages in key automotive domains such as the chassis segment. In terms of performance, despite intense industry-wide competition, the company’s core components business has maintained double-digit growth, surpassing RMB 5 billion for the first time and reaching an all-time high. On the market front, in addition to fully serving all major domestic automakers, Wan’an Technology has also successfully secured partnerships with internationally renowned manufacturers such as Daimler, Volkswagen, Toyota, Nissan, and Ford, as well as leading new-energy vehicle brands including BYD, Xiaomi, Li Auto, NIO, and Xpeng.
Chairman Chen Jiang pointed out that, as a strategic partner of Wan’an Group, Bank of Communications has accompanied Wan’an Technology every step of the way since its IPO in 2011 and has a thorough understanding of the company’s operations. Over the past decade and more, the deepening of Bank of Communications’ financial services has provided strong impetus for Wan’an’s sustained growth, while also fostering a close and enduring relationship between the two parties. We adopt an open attitude toward the innovative application of various financial instruments and are keen to continue learning and exploring new avenues of cooperation. We hope that Bank of Communications will, as always, remain attentive to and supportive of Wan’an’s development.
President Song Bin carefully listened to and took detailed notes on Wan’an’s relevant circumstances, highly commended the company’s corporate governance and operations, its industry standing, and its achieved business performance, and sought further information on such matters as the proportion of commercial and passenger vehicle business, the core components system, the structure of supporting customers, the industrial chain, and the deployment of embodied intelligence.
President Song Bin emphasized that enterprises in Zhejiang are highly market-oriented, with entrepreneurs demonstrating forward-looking strategic vision, proactive top-level planning, and unwavering passion for their businesses. As a bank with a century-long history, Bank of Communications is all the more committed to staying ahead of the curve and supporting enterprises in their development. He expressed the hope that the bank will continue to strengthen communication and collaboration with Wan’an, delivering differentiated and specialized services in areas such as reducing financing costs and innovating the application of financial instruments, thereby providing full support for enterprises’ strategic initiatives at every stage. Together, they will expand their cooperation into broader domains and deeper levels, growing side by side in mutual trust and achieving win-win outcomes.
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