Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
BOC in Cooperation With Hyundai

Liu Mingkang, president of the Bank of China, signed the contract with Chung Mong Koo, chairman of Hyundai.

According to the contract, the two sides will collaborate in terms of finance, staff training and communications. Hyundai designated the BOC as the major bank for its business in China, including loans, deposits, and balance and credit consumption concerning Hyundai cars.

In addition, the BOC will provide other financial services to help Hyundai import auto parts from China. The BOC branch in Seoul will also join the partnership, to deal with Hyundai's import and export businesses.

(People's Daily 07/04/2001)

BOC Group to Move to Hong Kong
Copyright China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68996214/15/16