On December 9, China Post Group signed a strategic cooperation agreement with Bank of Communications Co., Ltd. (Bank of Communications) in Shanghai. Liu Aili, Chairman of China Post Group, Zhang Jinliang, President of China Post and Kang Ning, Vice President of China Post, Ren Deqi, Secretary of the Party Committee of the Bank of Communications, Hou Weidong and Lv Jiajin, Vice Presidents of Bank of Communications, were among the attendees at the ceremony. Kang Ning and Hou Weidong signed the agreement on behalf of both parties.

Under the agreement, China Post and Bank of Communications will cooperate in such areas as financial services, express & logistics, corporate publicity and customer retention. In terms of financial services, the two parties will carry out in-depth cooperation around custody, credit granting support, interbank investment and financing, trade finance, investment banking, product supply, and customer resource sharing.

In terms of express & logistics, both sides will actively push forward their cooperation in the delivery of bills, documents, items, bank card letters and goods purchased at online mall or gifts exchanged with bank card points, explore collaboration in bill warehousing, transportation and logistics, electronic scanning of bill archives, sealing up archives for storage, and expand financial cooperation in domestic and international warehousing and logistics supply chain.

In terms of corporate publicity and customer retention, China Post will integrate resources and strengths in channels and products to provide the Bank of Communications with online and offline integrated brand promotion, customer retention and other services. At the same time, the two parties will take advantage of the resources and strengths in channels and life services to promote the combination and application of services such as newspaper and periodical subscription and the opening of securities accounts in their respective channels.