Sino-group won 10 billion yuan credit to China Merchants Bank

Source: Internet
Author: User
December 22 afternoon, China Merchants Bank and the Sino-Group Strategic Cooperation Agreement signing ceremony held in Shenzhen, China Merchants Bank head of the head of Weihua and the Central Group President Mabulian, etc. attended the signing ceremony. According to the agreement, China Merchants Bank will provide a 10 billion yuan credit line to the central group, which is used to support the development of all major industries, including container, road transportation equipment, energy equipment, marine engineering and airport equipment.  The two sides will also have in-depth cooperation in the areas of cash management, investment banking, cross-border business and financial companies ' business.  Central group leaders said that the two sides to each other to support their own strategy of long-term important partners, the signing of the strategic cooperation Agreement will have far-reaching impact on both sides of the business strategy. Since the establishment of China Merchants Bank and the group to carry out business, the two sides have been cooperation for more than 23 years of history. From 1999 onwards, the two sides signed a comprehensive cooperation agreement in 2007, and the scope of cooperation expanded and the level of cooperation deepened continuously. 2010, the two sides to the Central Group Finance Limited Company's preparation and establishment as an opportunity to raise the level of cooperation to a new level.

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