Recently, the Postal Savings Bank of China (PSBC) has signed a comprehensive strategic cooperation agreement with New Hope Group Co., Ltd. (hereinafter referred to as New Hope Group). Vice President Du Chunye of PSBC and Chief Financial Officer Wang Can of New Hope Group signed the agreement on behalf of both parties, while President Liu Jianjun of PSBC and Chairman Liu Yonghao of New Hope Group were both present at the ceremony.
According to the agreement, PSBC and New Hope Group will carry out multi-level cooperation in areas such as corporate deposits and loans, bond underwriting and investment, letters of guarantee, supply chain financing, settlement services, and financing of major subsidiaries so as to give impetus to complementarity and win-win development.
PSBC has always adhered to its positioning of serving agriculture, rural areas and farmers, urban and rural residents, and small and medium-sized enterprises. With its advantages in network, capital, and expertise, PSBC has established a professional and comprehensive financial service system for agriculture, rural areas and farmers. New Hope Group is one of the most important suppliers of meat, eggs, and milk in China. In the past 40 years, New Hope Group has been committed to agriculture and animal husbandry while extending to upstream and downstream industries, and has thus grown into a Fortune Global 500 firm.
Next, PSBC will deepen its cooperation with New Hope Group, and provide comprehensive financial services for New Hope Group, its core subsidiaries as well as its upstream and downstream entities. The two parties will also cooperate in non-financial fields such as rural construction and governance, and cultivation of industrial ecosystem, and join efforts to facilitate rural revitalization.