OREANDA-NEWS. March 12, 2014. Cao Peixi, President of China Huaneng Group, and Vice President Sun Zhiyong met with Martin Flanagan, President and CEO of US-based Invesco Ltd. Both parties exchanged views on further deepening cooperation.

Cao Peixi briefly introduced the development of Huaneng in the past year. He said, Huaneng and Invesco have maintained long-term and friendly cooperation in the financial sector, and the two joint ventures, Invesco Great Wall Fund Management Co., and Huaneng Invesco WLR Co., have been growing steadily, and facilitating the sustained and healthy development of Huaneng financial business. As China's economic reforms continue to deepen and the world economy recovers, the two sides will usher in broader prospects for cooperation. He hoped that both sides will further strengthen exchanges and enhance cooperation.

Martin Flanagan extended his congratulations on the achievements of Huaneng and expressed his gratitude to Huaneng for the support to Invesco. After introducing the latest development of Invesco in 2013, he said, Invesco attaches great importance to its business development in China, and will look forward to a closer partnership with Huaneng so as to realize mutual benefit and common development.