China Post Group signed a strategic partner agreement with China Pacific Insurance (Group) Co., Ltd. (hereinafter referred to as CPIC) to expand cooperation and gain mutual benefits on December 9 in Shanghai. Present at the ceremony were Liu Aili, Chairman of China Post Group, Kang Ning, Vice President of China Post Group, Kong Qingwei, Chairman of the Board of CPIC, and Pan Yanhong, Executive Vice President of CPIC. Kang Ning and Pan Yanhong signed the agreement on behalf of both parties.
According to the agreement, China Post and CPIC will deepen cooperation mainly in four aspects: financial business, express & logistics, customer service, and investment & financing. In the field of financial business, the two sides will jointly explore the innovation in bancassurance cooperation model, and actively carry out business cooperation such as credit granting, asset custody, insurance proxy, enterprise annuity, financial support to the whole industrial chain, securities, enterprise insurance and guarantee, etc. In the field of express and logistics, the two sides will strengthen cooperation on the level of head office and promote the unified operation of the whole network to provide CPIC with a package of comprehensive delivery services such as telemarketing insurance policies, bills and documents. In the field of customer service, the two sides will carry out further cooperation on statements business, voucher printing, brand promotion and other businesses. In the field of investment and financing, both parties will actively participate in bringing in strategic financing of the other party and its subsidiaries at all levels, explore joint investment that will create synergies between both parties, and establish industrial investment funds, etc.