2014/10/27

President Li Huaizhen signed a strategic cooperation agreement with the Bank of Communications on behalf of CMIG

On 27 October2014, CMIG President Mr. Li Huaizhen, on behalf of CMIG, signed a strategic agreement with the Bank of Communications headquarters, accompanied by the Deputy President Mr. Zhang Sheng and Director of the Fund department Mr. Shi Yuwei. Mr. Peng Chun, President of the Bank of Communications, signed this agreement on behalf of his bank. 

Mutual strategic corporation, based on the principles of voluntary, equality, mutual-benefit, and integrity, aims at mutual development and long-term corporation. The agreement explicitly stated that CMIG and BOC regarded each other as important partners and will provide information facility and financial services for each other, for further bank-enterprise cooperation.

The agreement includes a package of services, such as credit extension, financing facility, cash management, financial consultancy and other services for CMIG. The integrated corporation offers matching services for CMIG to achieve its goal, which is highly consistent with CMIG’s idea of capital centralization and resource sharing.