BEIJING, Feb. 20 (Xinhua) -- China Development Bank (CDB), a major policy bank, signed agreements on comprehensive cooperation and new generation core business system cooperation with China Construction Bank (CCB) on February 18, according to China Securities Journal.
Under the agreements, CDB and CCB will strengthen cooperation on syndicated loan, bond investment, capital transaction and settlement agent, promote the development of CDB’s new generation of core business system and promote cooperation in financial technology innovation.
CDB, founded in 1994, provides medium to long-term financing facilities that serve China’s major long-term economic and social development strategies.
CCB, a leading large-scale joint stock commercial bank in China, provides services to hundreds of millions of personal and corporate customers, and maintains close cooperation with leading enterprises in strategic industries in the Chinese economy and numerous high-end customers. (Edited by Tong Wei, tongwei@xinhua.org)
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