Binhai Investment secures RMB1 bn credit facility from ABC

Binhai Investment Company Limited, through its wholly-owned subsidiary Binhai Investment (Tianjin) Co., Ltd., has entered into a strategic cooperation agreement with Agricultural Bank of China Limited, Tianjin Xiqing Sub-branch. This partnership aims to establish a comprehensive strategic cooperative relationship to jointly promote industrial development and urban optimization in Tianjin.

Under the agreement, ABC Tianjin Xiqing Sub-branch will provide Binhai Investment with an indicative credit facility equivalent to RMB1 billion over the next five years. This support is intended to meet the group's various credit business needs related to production, operation, and investment, offering preferential deposit and loan interest rates and fee structures, subject to applicable regulations.

The cooperation also spans multiple areas, including cash management, payroll services, payment scenario services, personal financial services, and services for downstream customer clusters. This initiative is expected to provide effective financial pathways for Binhai Investment's rapid development, optimize its financing structure, reduce costs, and improve fund utilization efficiency, thereby strengthening its market position and overall competitiveness.