China Construction Bank Signs Pact With Internet CompanyChina's major state-owned commercial bank, the China Construction Bank (CCB), signed a strategic cooperation pact with the Beijing Beida Jade Bird Co., a business operated by Beijing University, one of the country's most prestigious institutions.According to the agreement signed, the CCB will provide 380 million yuan in loans to two Internet projects owned by the Jade Bird company, as part of a financial service package. In recent years, the CCB has supported the development of high-tech companies and has reached agreements of cooperation with many such companies. The Jade Bird company is one of the four major businesses owned by Beijing University and one of the rising stars among China's Internet enterprises. |
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