OREANDA-NEWS. October 14, 2014. With the witness of Chinese Premier Li Keqiang and his Romanian counterpart Mr. Victor-Viorel Ponta, ICBC President Yi Huiman and Liviu Dragnea, First Deputy Prime Minister of Romania, entered into the Memorandum on Financial Cooperation (the "Memo"), on behalf of both sides. Pursuant to the Memo, the Bank will position Romania as a key strategic region in East Europe, and leverage its comprehensive operation advantages and provide all-round financial services to Chinese enterprises’ investment, construction projects or import/export activities in Romania.

The Romanian government will play out its strength in organization and coordination, and actively create a favorable business environment for ICBC.

Prior to this, ICBC Chairman Jiang Jianqing had met in Beijing with Romanian Prime Minister Victor-Viorel Ponta. Jiang said that ICBC had been paying keen attention to Chinese enterprises' investment and development in Romania, and believed there was huge cooperation potential in the areas of infrastructure, transportation, energy and agriculture between enterprises from both countries. ICBC is willing to provide quality financial services for bilateral trade and economic cooperation by leveraging its vast service network and abundant financial products both at home and abroad.

As the year of 2014 marks the 65th anniversary of the establishment of diplomatic ties and the 10th anniversary of the establishment of all-round friendly cooperative partnership between China and Romania, ICBC is committed to promoting bilateral trade and investment, and offering more efficient financial support to lift bilateral economic and trade cooperation to new levels. At the meeting, Mr. Ponta spoke highly of the results achieved from the recent mutual visits, saying that the Romanian government would warmly welcome Chinese enterprises like ICBC to do business in his country and attach great importance to its cooperation with the Bank, and voicing his hope that ICBC would provide more financial services to trade and economic cooperation between the two countries.