Rongsheng received 50 billion credit from BOC

After receiving the 50 billion letter from the China Import and Export bank, China Rongsheng Heavy Industry Group Holdings Limited (hereinafter referred to as Rongsheng) received a credit of up to 50 billion of the total amount of Chinese banking.　　21st, Rongsheng and Bank of China signed a strategic cooperation agreement in Beijing, the two sides will be in the bank-enterprise cooperation and supply chain finance strategic cooperation.　　It is understood that the signing of the contract includes a total of 30 billion yuan of the "Bank-Enterprise Strategic Cooperation Agreement" and 20 billion yuan "supply chain financial strategic Cooperation Agreement", which is the first time the bank of China with customers to sign a strategic cooperation agreement in the field of supply chain finance. The so-called supply chain finance, refers to the bank to provide customers (core enterprises) financing and other settlement, financial services to the core enterprises and upstream and downstream enterprises linked to provide flexible use of financial products and services a financing model.