Pingyao county, Bank of China sign key agreement

Pingyao county's government signs a strategic cooperation agreement with the Jinzhong Branch of the Bank of China on Aug 12. [Photo/pingyao.gov.cn]

The government of Pingyao county in North China's Shanxi province signed a strategic agreement on Aug 12 with the Jinzhong branch of the Bank of China. Jinzhong is the prefecture-level city which administers Pingyao county. 

Chen Xuejun, member of the Party Committee of the Shanxi Branch of the Bank of China, said that under the agreement, the bank would fully support Pingyao's economic transformation and development into a high-quality international tourist city.

The bank branch will adopt Pingyao as key support county in terms of its financial services and provide the county with financing support of no less than 5 billion yuan ($772.06 million) during the 14th Five-Year Plan period (2021-25). 

Wu Xiaohua, Party secretary of the county, thanked the Bank of China for its long-term support and urged the two sides to grasp the new agreement as an opportunity to deepen their exchanges and cooperation. 

Pingyao plans to further strengthen strategic cooperation with the Bank of China and create a first-class financial environment, added Wu. 

At the signing ceremony, the Bank of China Shanxi Branch formed a Party-building unit with Pingyao to carry out financial history education and governance education, using the Rishengchang Exchange Shop Museum and the China (Pingyao) Supervision Culture Museum in the county.