Deputy General-Manager of China Post Group Zhang Ronglin signed a strategic cooperation agreement with Vice President of the Industrial and Commercial Bank of China (ICBC) Li Yunze at a signing ceremony in Beijing on May 29, 2018.
General Manager of China Post Li Guohua and ICBC President Yi Huiman attended the event and discussed how to promote cooperation between the two parties.
According to the cooperation agreement, the two sides will give full play to their respective advantages in the area of resources, strengthen cooperation in capacity building, financial services and logistics delivery, and face challenges and opportunities together.
In terms of financial services, the two parties will strengthen cooperation in credit support, cash management, electronic banking, bank card services, Internet financial services as well as insurance agency products.
As for logistics service, China Post will provide a multi-category logistics and delivery service for the ICBC. At the same time, they will strengthen cooperation on bank statements, credit card letters and other billing services and China Post will promote ICBC's business through its new media channels. What's more, China Post, as a products supplier and backstage service provider, will support ICBC customer maintenance.
ICBC is the largest state-owned commercial bank in China by total assets. ICBC has a high-quality customer base and multiple business structures, and provides financial products and services to 5.78 million corporate customers and 530 million individual customers around the world.
After years of development, it enjoys great advantages and competitiveness due to its financial strength, financing experience, institutional outlets, settlement network, customer resources, product services and scientific and technological level in the domestic financial industry. It has now developed into a large-scale bank with international influence.