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PSBC and Energy China sign strategic cooperation agreement
PSBC and Energy China sign strategic cooperation agreement
| China Post |2020-05-13

The Postal Savings Bank of China (PSBC) and China Energy Engineering Group Corporation Limited (Energy China) signed a strategic cooperation agreement by means of "cloud video conferencing + cloud signing" on May 9. Zhang Jinliang, Chairman of PSBC, and Wang Jianping, Chairman of Energy China, attended the contract signing ceremony and held a video talk. Zhang Xuewen, Vice President of PSBC, and Ding Yanzhang, General Manager of Energy China, signed the contract on behalf of both parties. Xu Xueming, Vice president of PSBC, and Chen Guanzhong, Chief Accountant of Energy China, were present at the ceremony.

In response to the requirements of the Party Central Committee and the State Council for coordinating the regular epidemic response with economic and social development, PSBC and Energy China work together to accelerate their cooperation via "cloud signing" and make great efforts to promote the resumption of work and production. According to the agreement, PSBC and Energy China will establish a comprehensive strategic cooperative relationship. On the basis of their prior cooperation, the two sides will further deepen communication and exchanges, establish coordination mechanisms, innovate cooperation models, and expand cooperation areas.

Mr. Zhang Jinliang introduced the Bank’s development history, its unique advantages and its work in serving the real economy, and also reviewed the cooperation with Energy China. He said that Energy China is a large-scale SOE with world fame. In recent years, PSBC and Energy China have continuously expanded the range of their cooperation and deepened their cooperation areas. Therefore, he hoped that the two sides should seize this opportunity of this agreement, and further deepen their cooperation in the aspects of key projects, settlement business, supply-chain finance, investment banking business, assets management, international business, and personal financial services, so as to jointly promote the high-quality development of both the bank and the enterprise.

Mr. Wang Jianping expressed his appreciation to PSBC for its strong support to Energy China, and also introduced major businesses and international businesses of Energy China, especially its performance and achievements in the Belt and Road countries. He noted that it is of great significance to sign a strategic cooperation agreement with PSBC, one of the 6 major State-owned commercial banks. Energy China will seize the opportunity to build a conglomerate with integration of investment and construction. He hoped that the signing of the strategic cooperation agreement should be a starting point for further cooperation between the two parties, and that both should strengthen exchanges, support each other through mutually beneficial cooperation, and promote the development of both sides.

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