On March 22, JiuTai Rural Commercial Bank signed a strategic cooperation agreement with Hengda Group in the meeting room on the floor 6 of the High and New Technological Development Zone Branch of our bank, to establish formally a long-term, steady and win-win strategic cooperative relationship. The signing ceremony were attended by chief operating officer of JiuTai Rural Commercial Bank, vice president and general manager Linag Xiangmin of the administrative department of extra-institutions, deputy general manager Cheng Zhexin and Wang Xuefeng of the administrative department of extra-institutions, vice president Li Zhi of Hengda Group, chairman Gao Yan of Jilin Corporation of Hengda Group and the relative personnel of both parties. Chief operating office Liang Xiangmin of JiuTai Rural Commercial Bank and vice president Li Zhi of Hengda Group signed the strategic agreement on behalf of both parties respectively.

In accordance with the agreement, JiuTai Rural Commercial Bank and Hengda Group will fully integrate their resources to make joint efforts to realize win-win development, based on their own industrial advantages. JiuTai Rural Commercial Bank will provide Hengda Group with comprehensive supports and diversified services in the fields of comprehensive credit line, payment and settlement and investment banking. In addition, we will grant Hengda Group a credit line of 10 billion Yuan. Both parties made a cordial and friendly exchange on the issues to further strengthen communications and deepen cooperation.

JiuTai Rural Commercial Bank is the first rural commercial bank in Northeast China and the bench-marking bank name by China Banking Regulatory Committee. At present, it has developed into a rural commercial with the largest asset size and the widest network coverage in Northeast China; Hengda Group is an enterprise group integrating people’s livelihood dwelling house,cultural tourism, insurance, husbandry, health and sports, which is a leading real estate enterprise and is influential in the country. The cooperation of both side provides Hengda Group with a strong guarantee to adhere to the idea of “Real Estate of People’s Livelihood” to develop in Jilin Province and to extend to the whole country; provides JiuTai Rural Commercial Bank with the favorable opportunity to practice its  “customer-focused” management idea, to innovate products, to optimize process, to recreate new cooperative models and new win-win examples with its all-around, professional and high quality financial services; the “industrial capital” and “financial capital”join hands to promote resources sharing and to complement each other’s  advantages, to lay a good foundation for both sides to develop cooperation in wider deeper and newer fields.