OREANDA-NEWS. August 02, 2013. China Development Bank (CDB) held a signing ceremony for a Strategic Cooperation Agreement with Believe Beyond Group (JM Eagle) in Beijing.

The two sides will carry out comprehensive cooperation in supporting municipal pipe network construction, major water conservancy construction, promotion of the technology of scientific use of water, and other areas. CDB Vice President Wang Yongsheng and Believe Beyond Group Chairman Walter Wang signed the agreement on behalf of the two sides respectively.

Under the agreement, CDB will provide a full range of integrated financial services to support Believe Beyond Group in implementing its "Yongquan Plan" in mainland China, bringing in funds from mainland China, Taiwan, and Hong Kong as well as advanced international technology, providing quality construction and full solution in water conservancy, urban network revamping, and water use for daily life, and helping with the development in transporting water from southern China to northern China, irrigation, urban network revamping, water use for daily life, and other areas.

This represents the first cooperation between the two sides since Believe Beyond Group's entry into mainland China. It is an important people's livelihood project in promoting clean, economic, and safe use of water as well as a substantive measure for CDB to support the development of Taiwan-funded enterprises and new urbanization building.

CDB attaches great importance to cross-Strait economic and financial cooperation. Up to now, CDB has issued cumulative loans of nearly 80 billion yuan to Taiwan-funded projects and has become one of the major mainland banks supporting cross-Strait economic and trade cooperation and the development of Taiwan-funded enterprises.