CCCA Attends ICBC Canada RMB Business Introduction Event, Supporting Industry Growth
On February 12, 2025, coinciding with the Lantern Festival, the CCCA (Canada-China Construction Association) organized its board of directors and 20 members to attend the "China Macroeconomic Outlook and RMB Business Promotion Conference" hosted by the Industrial and Commercial Bank of China (Canada) in Toronto. This conference brought together representatives from Chinese-funded enterprises, clients from various industries, and mainstream media to discuss the internationalization of the RMB and the business opportunities it brings.
Mr. Lu Yuan, Acting President and CEO of Industrial and Commercial Bank of China (Canada), delivered a speech.
Ms. Na Meizhou, Executive Vice President of Industrial and Commercial Bank of China (Canada), delivered a speech.
Mr. Lu Yuan, General Manager of ICBC Canada, and Ms. Na Meizhou, Senior Executive Vice President, delivered speeches, emphasizing the importance of RMB business in the North American market and introducing ICBC Canada's unique advantages in promoting Sino-Canadian economic and trade cooperation. As the first RMB clearing bank in North America, ICBC Canada provides diversified financial products and services to Chinese enterprises, the Chinese community, and various industries.
During the conference, Ms. Yan Jin, Chief China Economist of ICBC Standard, delivered a keynote speech entitled "China's Macroeconomic Outlook Amid Global Market Turmoil," analyzing the current situation and future development trends of the Chinese economy. Following this, the ICBC Canada team provided a detailed introduction to RMB-related banking products, including cross-border settlement, trade finance, and investment instruments.
Ms. Yan Jin, Chief China Economist of ICBC Standard, delivered a remote video speech.
As a bridge for the Chinese construction industry in Canada, CCCA council members and member companies are particularly interested in the trend of RMB internationalization. During the post-meeting discussion, CCCA representatives engaged in in-depth discussions with the senior management team of ICBC Canada, exchanging views on the financial needs of construction companies in the Canadian market, especially the feasibility of RMB settlement, supply chain financing, and cross-border investment.
Ocean Packers Inc. (Lenny Huang Mingliang)
Eastway Construction Company Raymond Wan
Mr. Zhao Zizhao, General Manager of Sany Heavy Industry Canada Branch
Jiang Rui, Jiangsu International Chamber of Commerce, Canada
The conference attracted numerous companies from the construction industry, including Global Building Materials, Teyi Building Materials, Zion Building Materials, Mr. Bin Building Materials, Oriental Construction, Fotile Kitchen Appliances, Lvxe Stone, Addington, Hans Steel, and BVP Wood, all of whom expressed strong interest in the application of RMB in the construction supply chain. Furthermore, association member companies also communicated with representatives from other industries, such as Ogo Global, Adington Developments, Alderland Group, Toucan Flooring, and Fule Group, regarding potential future cooperation in RMB business.
Guests attending the China Macroeconomic Outlook meeting
CCCA (Canada-China Construction Association) has always been committed to promoting business exchanges between China and Canada in the construction field and actively providing member companies with more industry information and cooperation opportunities. The successful participation in this event further deepened the association's cooperative relationship with ICBC Canada and broadened the horizons of member companies in the areas of RMB settlement and cross-border finance.
Group photo of the event promoting China's macroeconomic outlook and RMB business.
In the future, CCCA will continue to focus on the internationalization of the RMB and its impact on the construction industry, and will strengthen cooperation with financial institutions such as ICBC Canada to jointly support the development of Chinese and Canadian construction companies in the global market.
Lin Huifang (first from left) of Global Building Materials, and Raymond Wan (second from left) of Oriental Architecture.
Lu Yuan (second from right), Acting President and CEO of ICBC (Canada), and Alex Huang (Mr. Bin) (first from right), President of the Canada-China Construction Association.
Mr. Yang, General Manager of Fotile Canada (first from left), Mr. Era Cable North America CFO (second from left), Mr. Frankie Li of Luxe Stone (third from left), and Mr. Feng Zairong of Toucan Flooring (fourth from left).
Lin Huifang (third from right) of Global Building Materials, Li Delei (second from right) of Industrial and Commercial Bank of China, and Raymond Wan (first from right) of Oriental Construction.