Bank-Enterprise Cooperation Deepened to Empower China Railway Express (CRE) Chang'an International Freight Train

On November 10, ITL Group singed the Comprehensive Business Cooperation Framework Agreementwith the Shaanxi Branch of Bank of China Limited (BOC), with an aim to jointly improve the quality and efficiency of China Railway Express (CRE) Chang'an international freight trains, promote the consensus of the construction of the New International Land-Sea Trade Corridor (ILSTC), jointly serve the national strategy and deepen the economic and trade cooperation with countries along the Belt and Road. This effort has laid the foundation to achieve the goal of creating a multi-win situation of high-quality cooperation.

The signing of the agreement will give full play to the professional strengths of the domestic and overseas platforms of BOC providing diversified and full-featured financial services, offer full support to CRE Chang'an international freight trains and provide a variety of credit financing products and supporting financial services, which will effectively facilitate the development of ITL Group.

During discussions, the two sides discussed the development of logistics and trade financing businesses around CRE Chang'an international freight trains, striving to achieve breakthroughs in cooperation in such fields as financial leasing, parallel-import cars and used car export. The two sides also had in-depth exchanges and discussions on the existing business progress and follow-up business cooperation.

In the future, the two sides will contribute to promoting an export-oriented economy in Shaanxi, jointly facilitating bank-enterprise high-quality business cooperation, giving impetus to the construction of the Belt and Road Initiative and building a "new development pattern with the domestic cycle as the main body and the domestic and international cycles mutually promoting each other".