OREANDA-NEWS. December 03, 2013. CDB and Bank of China (BOC) signed an All-round Cooperation Agreement in Beijing today, aimed at taking advantages of both sides efficiently, deepening cooperation in different fields and providing better financial services for the new all-round reform. CDB's Chairman

Hu Huaibang, President Zheng Zhijie and Vice President Yuan Li along with BOC Chairman Tian Guoli, President Li Lihui and Vice President Wang Yongli attended the signing ceremony.

The signing of the cooperation agreement is seen as an important measure for the two banks to fully implement the spirit of the 3rd Plenary Session of the 18th CPC Central Committee, to promote cooperative level and to serve the development of the real economy. After the 3rd Plenary Session of the 18th CPC Central Committee, the new all-round reform will bring unprecedented opportunities and challenges for the financial industry and profound changes to the business environment of the banking industry. Under the guidance of the 3rd Plenary Session of the 18th CPC Central Committee, the two banks will learn from each other's advantages, striving to explore an effective cooperation mechanism in the fields of overseas business, security housing etc.

The two parties will also further deepening cooperation model in syndicated loan, asset securitization, financial market and settlement agent , with an gradual effort to raise the allocating efficiency of financial resource and comprehensively improve the quality and level in serving the national development strategy.

As known to all, CDB is the main force in medium and long term investment and financing agency in China. It offers long term support for the development of infrastructure, basic industry and pillar industry, and promote actively livelihood finance and international business in a bid to boost the national development strategy. With more than one hundred years' history, BOC has always taken the lead in domestic diversified products and internationalization. In recent years, BOC has made great achievements in helping Chinese enterprises "go out" and promoting the internationalization of RMB currency.