ABC signs strategic cooperation agreement with Shenzhen

May 25, the Agricultural Bank of China and Shenzhen Municipal government signed a strategic cooperation agreement.　　In the next three years, the Agricultural Bank of China will provide Shenzhen with a total of not less than 200 billion yuan of the intention of credit lines, priority to support Shenzhen's key projects and industries, and set up a product research and development Center in Shenzhen. Agricultural Bank President Mr Cheung said that the Agricultural bank will take Shenzhen as the focus of business development support areas, in the credit scale and resource allocation to support the Shenzhen city infrastructure and other areas of the major projects, people's livelihood and affordable housing projects, as well as SME financing, accelerate and increase credit delivery, the overall boost domestic demand. The Agricultural bank will also set up a product research and development Center in Shenzhen, giving priority to Shenzhen as the headquarters for key business and focus areas. (Qianjie)