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  Bank of Communications to Provide Credit Support for Shanghai World Expo Bureau
Date:2009-01-23
 
  
 On December 19, 2008, Bureau of Shanghai World Expo Coordination and Bank of Communications signed an agreement in Shanghai that the Bank, as the global partner commercial bank of Shanghai World Expo, will provide credit support for Expo Bureau with a strong financial security for the daily working capital of Expo. The signing of this credit support agreement marked a new level of cooperation between Bank of Communications and Shanghai Expo.

Mr. Yang Xiong, member of Shanghai Municipal Standing Committee of CPC, executive vice mayor and executive deputy director of World Expo Executive Committee and Mr. Lijun, President of Bank of Communications attended the signing ceremony. Mr. Hong Hao, deputy secretary-general of Shanghai Municipal Government and director-general of Shanghai World Expo Bureau and Mr. Qian Wenhui, Vice president of Bank of Communications gave speeches respectively.

In his speech, Hong Hao stated that the organizing work of Shanghai World Expo had entered a key stage for comprehensive deepening and promotion. Bank of Communications, since it became the global partnership commercial bank of Shanghai World Expo, had been vigorously carrying out the propagation of World Expo brand according to the concept of “broad participation, service for Expo and win-win cooperation”, developing an exclusive financial service program for the Expo with RMB and foreign exchange accounts for Expo construction capital loans, fund settlements and exhibitors and provision of one-stop service at banking outlets in the Expo Park, as a comprehensive, effective and professional financial security and a full display of an outstanding social image.

Shanghai World Expo will be opened in less than 500 days. The Expo preparatory work was being pushed forward in an orderly manner, and the “an axis with four halls” built as scheduled. Up to the present, 228 countries and international organizations (183 countries and 45 international organizations) had confirmed their participation. Credit funds provided by Bank of Communications would be used for exhibitions, maintenance, operations and other aspects during the World Expo preparation as a timely financial security for the Expo’s daily operating funds.

Qian Wenhui, Vice president of Bank of Communications, believed that a successful, exciting and memorable Expo would not be separated from the fund support in the preparation phase and high-quality financial services in the operation phase. Bank of Communications, as the global partner commercial bank of 2010 Shanghai World Expo had developed an exclusive financing service solution to provide the Expo organizers and exhibitors with “Expo Green Channel” “One-stop Service and other facilitation measures, and also launched preparations for financial services and payment environment construction in the Expo Park.

Since the establishment of cooperation with the Expo, Bank of Communications has been regarding the support for smooth constructions and operations as the most important task in the World Expo service, and actively, orderly and securely carrying out preparations with a highly recognized work attitude and efficiency. Bank of Communications would actively cooperate with the Expo organizers to present a “successful, exciting and memorable” World Expo to exhibitors and visitors from all over the world with an effective perception of the Expo theme of “Better City, Better Life” and the Bank’s “Century BOCOM, Splendid Expo” business philosophy through the comprehensive, safe, convenient and high-quality financial services of Bank of Communications.

 

 
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