On July 13, Bank of China Baoding Branch signed a comprehensive strategic cooperation agreement with Lizhong Group.

Zang Ligen, Chairman of the Management Committee of Lizhong Group, Zang Yongxing, Vice President Jin Huiqing of Bank of China Hebei Branch and Wang Cheng, President of Baoding Branch attended the signing ceremony to witness the signing. Yang Guoyong, Financial Director of Lizhong Group, and Liu Yanyong, Vice President of Bank of China Baoding Branch signed the contract on behalf of both parties.

At the signing ceremony, leaders of both sides delivered speeches respectively. President Wang Cheng of Baoding Branch reviewed the good cooperation relationship with Lizhong Group over the years, and expressed his confidence and ability to continue to give play to business advantages, provide all-round financial services, and strongly support Lizhong Group's "going global". Zang Yongxing, Chairman of Lizhong Group, highly recognized the professional and comprehensive financial services of Bank of China, introduced the development history, current industrial layout and future development plan of the Group, and expressed the good wishes for win-win cooperation with Bank of China.

According to the agreement, Baoding Branch of Bank of China will provide a "package" of comprehensive financial services for Lizhong Group in terms of credit financing, domestic settlement, international settlement, payroll, cash management, capital financing, personal finance, insurance services, etc., especially in supporting the Group's "going global", giving play to its advantages in foreign exchange business, providing professional financial services, and supporting the enterprise to grow bigger and stronger.

Since its establishment for more than 30 years, Lizhong Group has been focusing on aluminum alloys and high-end applications of aluminum alloys. Its products are widely used in automotive, aerospace and other fields, making outstanding contributions to the development of China's aluminum alloy industry. It is a well deserved leader in the industry and a successful example of private enterprises in Baoding.

Bank of China is the only bank in China that has been operating continuously for more than a hundred years. It is a large commercial bank group with the deepest degree of internationalization, the highest level of integration, and the most complete financial licenses in China. Baoding Branch of Bank of China has been rooted in Baoding for 40 years, always taking service and construction as its own responsibility, giving full play to the advantages of foreign exchange business, and vigorously supporting the development of Baoding enterprises.

The signing of this strategic cooperation agreement has strongly promoted the further close relationship between banks and enterprises and the realization of a win-win situation between banks and enterprises, especially in helping enterprises "go global". Prior to this, Baoding Branch of Bank of China approved a total credit of 3 billion yuan for Lizhong Group, especially in order to support enterprises to "go global", the bank specifically approved the domestic guarantee and external loan business and issued the first medium and long-term construction financing letter of guarantee in the province, marking a new breakthrough in business cooperation between the two sides. The efficient and professional financial services provided by Baoding Branch of Bank of China have won the full recognition of customers and finally facilitated the signing of this cooperation agreement.

Before the signing ceremony, the delegation led by Jin Huiqing, Vice President of Hebei Branch of Bank of China, visited Lizhong Group to investigate and understand the production process and product innovation of the enterprise, and gave unanimous praise to the enterprise.