（Photo 3: Officials of Hainan province and Nanyang Commercial Bank Limited signed a strategic agreement on deepening financial cooperation.）
HAIKOU -- Southmost China’s Hainan province and Nanyang Commercial Bank, Limited (NCB) lately has signed an agreement on strategic cooperation.
Both Hainan province and NCB would endeavor to deepen economic and commercial cooperation between Hainan and Hong Kong under the Belt and Road initiative, targeting to realize financial innovation and win-win co-op and promote sustainable economic development in Hainan during 2016-2020.
Under the terms of the agreement, NCB will promote the economic development in Hainan, invite overseas investment and talents to Hainan, and help Hainan to gain greater popularity and influence in Hong Kong and overseas.
Meanwhile, NCB will help to coordinate for the development of financial industry of Hainan in Hong Kong, and introduce overseas enterprise to settle down in Hainan.
Besides, NCB and its Haikou branch will promote the offshore finance development of Hainan province. In accordance, Hainan province recommends NCB as the first choice for overseas financial institutions to enterprises that are going abroad from Hainan.
NCB, founded in 1949 in Hong Kong, is the first Hong Kong bank that supports the development of Hainan. It set up a branch in Haikou, the provincial capital of Hainan, in October of 1988.
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