Peace to the Great Wall to provide bank assets 5 billion yuan credit
Pingan bank and China Great Wall asset management company yesterday held a strategic cooperation agreement signing ceremony, the two sides in the strategic cooperation agreement on the base of comprehensive development including funds business, asset management business, non-performing assets disposal, asset custody, and other aspects of the business cooperation.
According to introducing, the framework of strategic cooperation agreement, pingan bank will provide China Great Wall asset amount up to RMB 5 billion yuan of the commitment comprehensive line of credit. Credit cooperation include China Great Wall asset and its subsidiaries, business varieties including asset management, investment banking, financial leasing, trust business, trust business, enterprise annuity, insurance agents, etc all business cooperation.
China Great Wall asset was founded in October 1999 and day, is approved by the state council set up of the wholly state-owned financial enterprises. As China's four big one of the financial asset management companies.
Pingan bank is shenzhen development bank merger to absorb the pingan bank way to complete two lines of integration and after the name of the bank. By September 30, 2012, the total assets of 1.48 trillion yuan RMB.
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