On April 9, 2015, the signing ceremony of the comprehensive strategic cooperation agreement between the Industrial and Commercial Bank of China Guangxi Branch and Yuchai Machinery Group Co., Ltd. and Yuchai Machinery Co., Ltd. was held in Nanning. Board Chairman of Yuchai Group and Chairman of Yuchai Co., Ltd. Luan Ping and Peng Zhengjiang, President of Guangxi Branch of ICBC, signed a comprehensive strategic cooperation agreement. Wang Hong, Chief Accountant of Yuchai Group, and Huang Haiyuan, Product Expert of ICBC, Guangxi Branch, signed cross-border bilateral RMB funds. In the pool service framework agreement, Yuchai, Jinchuang and Industrial and Commercial Bank of Guangxi Yulin Branch signed a supply chain financing business cooperation agreement. It is understood that ICBC has entered the ranks of the world's leading large banks through continuous and steady development. It has a high-quality customer base, a diversified business structure, strong innovation capabilities and market competitiveness. ICBC Guangxi Branch is a tier-one branch of the Industrial and Commercial Bank of China in the Guangxi region. Over the years, it has focused on building innovative, high-quality teams, continuously enriching financial products, broadening business areas, and improving the ability and level of serving the real economy, in order to promote Guangxi's economy. The development of society continues to make efforts. The Guangxi Branch of ICBC and Yuchai carried out comprehensive strategic cooperation and set off a new chapter in multi-level, multi-dimensional and comprehensive cooperation between the two sides. At the signing ceremony, Peng Zhengjiang stated that Yuchai Group is a pillar enterprise of Yulin, a one hundred billion industrial base in Guangxi, and a green power capital and core enterprise in China. It has made outstanding achievements in promoting economic development in Yulin, Guangxi, and even the whole country. Contributions. As a financial service provider, ICBC Guangxi Branch is happy to provide services such as old customers, good customers and important partners like Yuchai. At the same time, it is believed that the cooperation between Yuchai and Guangxi Branch of ICBC will achieve more fruitful results. The two sides will achieve even more brilliant results in the new opportunities such as the "One Belt and One Road," "Dual Core Drive," "Three Districts Co-ordination," and "Borderside Financial Reform." In this cooperation, ICBC Guangxi Branch committed to provide Yuchai with financing services, cash management services, supply chain financing services, international business services, investment banking services, capital market financial services, corporate annuity services, personal financial services, Internet financial services, and preferential services. Ten services such as cost services. Yu Ping first thanked ICBC for its strong support for Yuchai. He emphasized that from the development history of Yuchai for more than 60 years, ICBC cannot support ICBC in every period. Ever since, the headquarters of Yuchai Group and its subsidiaries have all made ICBC an important financial partner. Junping said that at present, Yuchai Group is in a critical period of its second venture. It is believed that the comprehensive strategic cooperation with ICBC at this time will certainly promote the expansion of both parties in various fields. It is believed that ICBC will be able to reorganize Yuchai’s assets. Strategic development, equity mergers and acquisitions, as well as the next round of group-wide structural reforms, the introduction of strategic partners to bring help, and promote the win-win situation between banks and enterprises.
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Industrial and Commercial Bank of China Guangxi Branch Signs Comprehensive Strategic Cooperation Agreement with Yuchai