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NANJING, China, May 6, 2021 /PRNewswire/ Suning Group, today announced that it signed a framework agreement for the establishment of a New Retail Development Fund with Jiangsu Province State-owned Assets and Nanjing Municipal State-owned Assets. The New Retail Development Fund is jointly funded by Suning, State-owned Assets and Nanjing Municipal State-owned Assets and social capital, with a total size of RMB 20 billion.
As a local enterprise rooted in Jiangsu Province, Suning is always focusing on its main retail business, and actively integrating into the new development pattern of dual circulation . The fund will support Suning in adjusting and optimizing its structure, revitalize high-quality assets, achieve transformational development, and promote the high-quality development of the new retail industry.
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Required fields DFCC Bank, the premier commercial bank in Sri Lanka, has appointed Sohantha Wijesingha as Senior Vice President Corporate Banking/ Head of Corporate Banking of DFCC Bank with effect from 4thJanuary 2021. Sohantha is a career banker bringing three decades of unparalleled experience to the position who possesses knowledge encompassing Branch Banking, Trade Finance, Payments & Cash Management, Institutional and Commercial Banking. Prior to DFCC Bank he encompassed his 22 years of service in the banking industry at HSBC Sri Lanka, where he held senior management positions such as Head of Financial Institutions where he was instrumental in leading and arranging one of the largest loan syndications for a local bank at that time. As Head of Payments & Cash Management he led the team to achieve the Euromoney Award for Best Cash Management Bank for 3 years, and as Head of International Subsidiary Banking and Head of Corporate Banking he was instru