Nokia recently reached an agreement with China Construction Bank (CCB) concerning their long-term co-operation.

According to the agreement, CCB will provide Nokia with extensive and qualitative financial services including buyers' credits, certified mail, credit cards and credit ratings. Nokia and CCB's harmonious business relationship since 1995 may serve as a model for Chinese banks and world telecom equipment producers.

A spokesman with CCB said that the signing of the agreement indicates a step up to a new stage in the relationship.