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ICBC to back Jiading's economic advancement

( ) 2016-02-22

ICBC to back Jiading's economic advancement

Representatives from the Jiading district government and the Industrial and Commercial Bank of China Shanghai branch sign a cooperation agreement, Feb 18. [Photo/]

In order to advance the development of its economy, Jiading district government in the city of Shanghai struck a deal with the Industrial and Commercial Bank of China Shanghai branch on Feb 18, local media reported.

According to the deal, the bank will give financial support to the district in areas such as infrastructure construction, economy, healthcare and education. The ICBC will also finance the construction and upgrading of its industrial park and export processing zone.

It will help the district create a better financial environment and reach its goal of becoming a scientific and technological innovation center, too.

Ma Chunlei, Party chief of the district expressed gratitude for the bank's previous support to Jiading. Ma expected that the bank will help promote the industrialization of local technology achievements as well as cooperate with local companies and industrial parks to help them develop better.



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