Recently, Bank of China signed a comprehensive strategic cooperation agreement with Inner Mongolia Yili Industrial Group in Beijing. Chen Siqing, Vice President of Bank of China, and Pan Gang, Chairman & President of Yili Group participated in the signing ceremony.
According to the agreement, Bank of China will provide Yili Group with comprehensive financial services covering the business areas of financing and credit, trade financing, cash management, financial services for "going global" strategy, capital business, investment banks, insurance, domestic and overseas investment custody, consulting and training and personal finance. The signing of the agreement marks the establishment of the strategic cooperative partnership between Bank of China and Yili Group, laying a solid foundation for the two parties to deepen the bank-enterprise cooperation, broaden the cooperation scope, and achieve the win-win development result.
Founded in June, 1993, Yili Group is a leading dairy products manufacturer in China. Its sales revenue has been ranked the first in the dairy industry for many consecutive years. Its brand value reaches nearly RMB 30 billion. In addition, Yili Group is the only dairy enterprise which served both the Beijing 2008 Olympic Games and the World Expo 2010 Shanghai.
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