On June 19, BOC and China Telecom Corporation signed the agreement of strategic cooperation on mobile payment, thus establishing partnership in the field of mobile banking services.
BOC and China Telecom have already established the sound partnership in financial service and information service. The two parties have cooperated in many fields such as deposits, loans, cash management, enterprise annuity, direct financing, co-branded card issuing, leasing of special lines, etc. The newly-signed agreement is an important move between the two parties to keep up with the ongoing technology and seek common development.
As the only century-old bank in China and a Chinese bank with, comparatively, the best international and diversified development, BOC has been listed in the Fortunes Top 500 for 24 years in a row. For two consecutive years, it is the sole financial institution in the emerging economies that is listed in Global Systematically Important Financial Institutions(G-SIFIs). China Telecom is the world's largest comprehensive information service provider based on CDMA mobile network, fixed telecom network and broad-band Internet.
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