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News Saturday, 10 Jan, 2009
Angang ink strategic agreement with China Construction Bank

It is reported that Liaoning based Angang has signed a strategic cooperation agreement on comprehensive financial services and supports with China Construction Bank recently in Beijing.

As per the agreement, China Construction Bank will offer an intentional credit line of CNY 15 billion to Angang. And the two will also start cooperation in credit extension, investment and financing etc.

As per report, Angang has already tied up with the Industrial and Commercial Bank of China, Agricultural Bank of China, China Development Bank and the Export and Import Bank of China etc. earlier, which will provide strong financial support to its globalization and output expansion.

CCB is the first one among the four domestic leading commercial banks to achieve overseas listing.

 
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