China Exim Bank Shanghai Branch And Shanghai Textile Strategic Cooperation

In order to establish a good strategic cooperation relationship between banks and enterprises, promote joint development and long-term cooperation between banks and enterprises, support enterprises to implement the "going global" strategy and participate in foreign economic cooperation at a higher level and wider scope, the Shanghai branch of China Exim Bank and Shanghai textile (Group) Limited have signed a strategic cooperation agreement.

The Shanghai branch of the China Import and export bank will provide financial support to Shanghai textile in all aspects of investment and acquisition projects at home and abroad. It will help the strategic pformation of enterprises and provide advisory services for Shanghai's domestic and foreign investment projects, import and export trade and other businesses, so as to help Shanghai spin and realize the safe and effective allocation and operation of funds.

At the same time, Shanghai textile will work closely with the export and Import Bank of China and strengthen cooperation.

Textile industry implements the investment strategy of "two control and intermediate integration" worldwide.

As the first business branch of the China Exim Bank, the Shanghai branch of the import and export bank has become an important force to support the development of Shanghai's foreign trade and economy and Shanghai's financial system.

By the end of 2013, the loan balance had exceeded 66 billion yuan.