——China Railway ChenBang signed Strategic Cooperation Agreements with World UnionPay and China Railway Trust.
A signing ceremony of strategic cooperation agreements between China Railway ChenBang Technology Co., Ltd(hereinafter referred to as “China Railway ChenBang”) and World UnionPay Financial Service Co., Ltd (hereinafter referred to as “World UnionPay”) and China Railway Trust Co.,Ltd (hereinafter referred to as “China Railway Trust”) was held in the building of China Railway Group Limited in the afternoon of March 6.
In order to integrate resources effectively and give play to advantages of each party, create new modes for investment financing and construction of domestic municipal infrastructure and rail transit projects and promote integrating of industry and finance, China Railway ChenBang entered long-term and comprehensive strategic cooperative partnership with World UnionPay and China Railway Trust respectively adhering to the principles of complementary advantages, resource sharing, equality, mutual benefit and joint development. Strategic Cooperation Framework Agreements were signed. “World UnionPay” will give financial support of at least RMB100,000,000,000 to the investment and financing construction project of “China Railway ChenBang” each year since 2015.
The successful strategic cooperation between “China Railway ChenBang” and “World UnionPay” and “China Railway Trust” benefit not only themselves. It can help promote all construction projects undertaken by all engineering bureau of China Railway system and market expansion businesses greatly and can enhance the competitiveness of China Railway Group Limited.