The National Cotton Exchange Market and China Construction Bank signed a strategic cooperation framework agreement in Beijing on June 28. It is reported that the cooperation between the two parties will be beneficial to the rapid and sound development of the fund services such as warehouse receipt pledges in the national cotton trading market. The party member of the All-China Federation of Supply and Marketing Cooperatives, Deputy Director Dai Gongxing of the Council, and Deputy Director of China Construction Bank Chen Zuofu attended the signing ceremony.
The National Cotton Exchange Market is a funded enterprise of the China Supply and Marketing Group and was approved by the State Council in 1998. After years of development, the national cotton trading market has become a well-established national macro-control of cotton and an integrated service platform to promote the standardized circulation of commodity cotton, and has become a model for e-commerce applications. As of now, there are nearly 3,000 traders in the national cotton trading market, and there are more than 120 designated supervision (delivery) warehouses in the country. The published China Cotton Price Index has a wide range of influence in the industry.
China Construction Bank is a joint-stock commercial bank with a leading position in the Chinese market. It has a broad customer base and maintains bank business relationships with a number of large enterprise groups and leading companies in China's economic and strategic industries. After many years of continuous innovation, CCB has pioneered the service model of online banking in China and serves the majority of SME e-commerce customers. It has made significant breakthroughs in effectively addressing the bottlenecks of SMEs and exploring new models for SMEs in large banks. .
This cooperation was highly praised by both parties. Chen Zuofu said: The cotton trading market research and development has innovated new products of [E-Mint" and brought new electronic transaction methods to customers of CCB, and CCB is also committed to serving the e-commerce clients of SMEs, signing agreements, and signs. The cooperation between the two parties has taken new steps and embarked on a new journey. Chen Zhenping, deputy general manager of China Supply and Marketing Group Co., Ltd., said at the signing ceremony that this is a happy event for the China Construction Bank and a major event in the national cotton trade market. The two sides will take the signing of the strategic cooperation agreement as a new beginning, relying on their respective advantages, continuously deepen the cooperation field, expand the cooperation space, realize mutual benefit and win-win progress, and accelerate development.
The leaders of China Supply and Marketing Group and China Construction Bank witnessed the signing of the contract.
