OREANDA-NEWS. July 19, 2011. Agricultural Bank of China Limited (ABC) and China Development Bank (CDB) signed a Comprehensive Cooperation Agreement in Beijing. Mr. Chen Yuan, Chairman of CDB, Mr. Gao Jian, Vice President of CDB, Mr. Chen Min, Secretary to the Board of CDB, Mr. Xiang Junbo, Chairman of ABC, Mr. Guo Haoda, Vice President of ABC, Mr. Jiang Shangjun, Marketing Director of ABC attended the signing ceremony. Mr. Gao Jian and Mr. Guo Haoda signed the agreement on behalf of the two sides, reported the press-centre of ABC.

At the ceremony, Chairman Chen and Chairman Xiang reviewed business cooperation history between the two sides, discussed on various fields for deepening cooperation and laid out cooperation prospect.

Previously, ABC and CDB have successively signed the Proxy Agent Agreement, Joint Loan Cooperation Agreement and Financial Cooperation Agreement, carrying out good cooperation in various business areas. The conclusion of the Comprehensive Cooperation Agreement marks a new stage of the bilateral cooperation. Under the Agreement, the two banks will establish a harmonious and close relationship of comprehensive cooperation based on the principle of “mutual support, close cooperation, equality and mutual benefit”. The cooperation will cover treasury operation, international business, syndicated loans and all kinds of agency businesses, etc. Through the cooperation, the two sides expect to complement each other and achieve win-win development.