On August 19, Industrial Bank (IB) signed a strategic cooperation agreement with Neusoft Corporation and Shenyang Blower Works Group Corporation respectively in Shenyang. This is the first time that Neusoft Corporation entered into a strategic cooperation agreement with a financial institution in the banking industry, and also the first time that Shenyang Blower Works Group Corporation signed a strategic cooperation agreement with a national joint-stock commercial bank. It marks that the partnership between IB and the above two enterprises enters into a new stage for broader and closer cooperation.
According to the strategic cooperation agreements, a professional service team will be organized under the leading of IB Head Office and business specialists from both the Head Office and branches will be mobilized to provide Neusoft Corporation and Shenyang Blower Works Group Corporation with a variety of all-round, superior and efficient financial services covering capital financing, asset securitization, cash management and trade financing, with a view to meeting their individualized needs in an all-sided manner such as strategic merger and acquisition, reduction in financing cost, revitalization of assets in stock, and improvement of capital efficiency.
Vice President Lin Zhangyi of IB said: “In recent years, our bank has, adhering to the customer-centered concept, exerted ourselves to build a specialized and refined financial service system around key national strategies. The strategic partnership established with Neusoft Corporation and Shenyang Blower Works Group Corporation signifies that significant progress is made in the undertaking. Neusoft Corporation is the largest supplier of IT solutions and services in China, and the first listed software company in the country. Shenyang Blower Works Group Corporation is a strategic leading backbone enterprise in China's major technological equipment industry. The cooperation with the two enterprises conforms to the strategic direction of 'Made in China 2025' and showcases the professional service capability of our bank in the areas of high-end equipment manufacturing and hi-tech industry”.
It is learnt that IB now establishes four Level 1 branches and nearly 100 sub-branches in Shenyang, Dalian, Harbin and Changchun in three provinces of Northeast China, which provide services to over 25,000 corporate financial customers. With on-sheet and off-sheet financing balance of corporate finance over RMB 160 billion, IB has made due contributions to serving the real economy in Northeast China and supporting the National Strategy of Revitalizing the Old Industrial Bases in Northeast China in an All-round Manner.