Strategic Cooperation Agreement Signed between CITIC and ICBC

CITIC Group, founded in 1979, has been a pioneer in China s economic reforms and opening-up to the rest of the world, by introducing overseas capital, technological know-hows and managerial expertise to China

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CITIC Group, aligning its mission with national goals and contributing to national rejuvenation, pursues a vision of “building an outstanding conglomerate with a lasting reputation.” As for work priorities, it strives to deepen SOE reforms, strengthen technological innovation and integrate itself into regional strategies. Operating in 5 business sectors：comprehensive financial service, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanization, CITIC is committed to pioneering national goals and to being a leading technology-driven group.

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2009-07-09 11:54:00

CITIC Group and Industrial and Commercial Bank of China (ICBC) signed the Strategic Cooperation Agreement on July 3, 2009 in Beijing.

According to the agreement, ICBC will provide financing, investment banking, intermediary service and other financial services to CITIC Group within state policies, laws and regulations. The two sides have also agreed to establish a multilevel information exchange mechanism to ensure smooth implementation of the agreement.

The strategic partnership will enhance CITIC-ICBC cooperation in an all-round way. Both sides are convinced that with the partnership, they can further sharpen their own competitive edge, achieve faster and healthier growth in the principle of mutual benefit and win-win results.

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