The financial services segment of CNOOC is to focus on the core business of the Group and provide the member companies of the Group with safe, flexible and efficient financing, insurance and asset management services and to lower the financing costs of the Group.
It also aims to expand the external market, establish its corporate brand, and help to improve the value of the Group while ensuring the safety and appreciation of the Group assets.
Financing has played an indispensable role in each development stage of CNOOC. In turn, the fast growth of CNOOC's core business has provided a platform for the rapid development of the financial services segment. The positive interaction and coordinated development of the main businesses and financial business have made important contributions to the Group in improving resource allocation efficiency, enhancing financing capability and avoiding bad financial risk.
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