Yintai Group has reached a strategic cooperation agreement with Bank of China Zhejiang Branch

On January 18, 2022, Intime Group and Bank of China Zhejiang Branch signed a strategic cooperation agreement in Hangzhou. The two parties will carry out comprehensive cooperation in areas such as credit, deposits, fund settlement, overseas business linkage, integrated business, and personal finance.

Bank of China Zhejiang Branch regards Intime Group as one of its most important customers and fully supports its development. It plans to provide RMB 20 billion in multi product credit services to Intime Group and its holding subsidiaries, including but not limited to short-term and medium to long-term working capital loans, bank acceptance bills, domestic and foreign letters of credit, supply chain financing, guarantees, project financing, fixed asset loans, syndicated loans, entrusted loans, domestic and foreign merger and acquisition loans, equity financing, trade financing, gold leasing and other financing products.

Zhejiang Branch is a first tier branch of Bank of China, with a global network of institutions and service resources, full licenses for financial institutions, and advantages in internationalization, comprehensiveness, and groupization. It provides comprehensive financial services to global customers, including commercial banking, investment banking, financial market business, and insurance business.

As a diversified industrial development and investment group, Intime Group's business covers multiple fields such as commercial operations, property management, precious metal mineral development and sales, investment and financial services, and public welfare foundations Having multiple holding and participating companies both domestically and internationally, it has developed into a modern enterprise group with prominent main businesses, diversified development, and dual drive of industry and capital.

At the signing ceremony, the leaders of both parties gave a brief introduction to their current business development and had in-depth exchanges on future cooperation, expressing their earnest hopes. They also stated that they would hold regular high-level talks to promote the continuous development and deepening of the strategic cooperation relationship.