On 13th May, China Everbright Bank (CEB) and I&G held Overall Cooperative Agreement at Everbright Plaza. CEB granted RMB 3 billion credit limit to I&G. The meeting was chaired by Mr. Ning Yong, the General Manager of Corporate Department of CEB. Ms. Yan Hongli, the Executive President of I&G and Mr. Liu Jun, the CPC Committee Member of CEB respectively delivered speech and signed the Agreement on behalf of each party. More than 30 representatives from both parties¡¯ major business departments and branches attended the signing ceremony.

Both parties affirmed the results and achievements in the business sector of steel trade financing, government procurement financing and other SMEs loan guarantee. They also expressed confidence in further expansion of cooperative scope, deepening of cooperative foundation and joint-effort development.

Ms. Yan Hongli expressed in her speech that the signing of the Agreement can facilitate deeper cooperation, building multi-level communication platform in product R&D, client recommendation, market promotion and risk control, propelling substantial cooperation in even broader field. In the period of further expansion of financial crisis the cooperation between both parties is significant for building harmonious financial credit environment and promoting steady development of national economy.

Mr. Liu Jun expressed in his speech that against the background that the country is devoting efforts in promoting SMEs development, SMEs are one of the key sector for financial institutions to build core competence. Credit guarantee institutions have played important function in promoting SMEs financing. The cooperation between the two fits the call of the times and contributes to SMEs development.
Finally all representatives raised glasses and wished that I&G and CEB joint hand and create new glory.