The Beijing Economic and Technological Development Area (BDA) signed the Strategic Cooperation Agreement with the Beijing Branch of the Postal Savings Bank of China (PSBC) at a symposium held on Dec 29.

The PSBC Beijing Branch will work with the BDA during the 14th Five-Year Plan (2021-25) period to promote the construction of high-tech industries, enhance the ability of financial institutions to serve the real economy, reduce the financing cost of enterprises in the area, and support the growth of high-quality enterprises.

The symposium takes place on Dec 29. [Photo/kfqgw.beijing.gov.cn]

Wang Shaofeng, secretary of the BDA Working Committee, and Du Chunye, president of the PSBC, jointly unveil the Beijing E-Town Sub-branch of PSBC Beijing Branch. [Photo/kfqgw.beijing.gov.cn]

Representatives from the PSBC Beijing Branch and the BDA sign the Strategic Cooperation Agreement. [Photo/kfqgw.beijing.gov.cn]

During the event, Du Chunye and Wang Shaofeng jointly unveiled the Beijing E-Town Sub-branch of the PSBC Beijing Branch. 

So far, all 24 banks in the BDA have realized sub-branch-level bank settings, injecting strong financial vitality into the development of the real economy in the area.