Hengfeng Petroleum

Hong Kong Hengfeng takes advantage of Hong Kong's international financial center and offshore RMB settlement center to combine its international business and provide overseas fund planning and foreign exchange risk management to the group; and fully utilize the diversified financial products of the offshore market to reduce the financing cost and improve the financial return of the Dongming Group, providing financial services and support; at the same time, provide global foreign exchange and futures market dynamics, track the global trend of major commodities, understand various financial derivatives, and collect cutting-edge international market and financial information for the group. In 2023, Hong Kong Hengfeng's total trade settlement will exceed 14 million tons, with sales revenue reaching nearly US$90 billion. Hong Kong Hengfeng maintains good and intimate cooperative relations with a series of Chinese and foreign banks, with international first-class bank credit lines exceeding US$20 billion.

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