Shanghai Bank, Securities Firms Sign Agreement

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Thursday, October 12, 2000, updated at 10:27(GMT+8)

Business

Shanghai Bank, Securities Firms Sign Agreement

The Shanghai Pudong Development Bank and the Guangda Securities Co. Ltd signed a cooperative agreement Wednesday.

Under the agreement, the two sides will offer each other priority services and share information. The bank will grant 600 million yuan in loans to Guangda to help the securities firm expand its domestic and overseas markets.

The agreement marked strengthened working relationship between banks, securities firms and insurance companies in Shanghai.


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	The Shanghai Pudong Development Bank and the Guangda Securities Co. Ltd signed a cooperative agreement Wednesday.




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