XCMG Brazil Bank Signs Strategic Cooperation Agreement with Bank of China

October 29，XCMG Bank of Brazil and Bank of China of Brazil Hold Signing Ceremony of Strategic Cooperation。Dong Fei, President of the Bank of Brazil of Xugong, and Xu Lei, Vice President of the Bank of China of Brazil, signed the strategic cooperation agreement on behalf of both sides.，XCMG Brazil Wang Yansong、Li Hanguang，Zhang Guanghua, Bank of China, Brazil, and members of the leadership of both sides attended and witnessed the signing of the contract.。

According to the agreement，Both parties will act on a voluntary basis.、Equality、Mutual benefit、The principle of good faith，Give full play to their respective advantages in related fields，Establish a long-term、Stable and deep strategic partnership，Centering on interbank credit、Joint loan、Settlement and sale of foreign exchange、Credit asset transfer business、We will carry out in-depth cooperation in international settlement services and business learning and exchanges.。

At the same time，To promote the efficient landing of strategic cooperation，The two sides will establish a regular meeting mechanism and a daily working mechanism.，Jointly promote the in-depth development of strategic partnership。

On the basis of strategic cooperation between the two sides，XCMG Brazil Bank will use funds from the Bank of China in Brazil.、Advantages of risk control and foreign exchange settlement，Continuous innovation of financial products and services，Enhance the ability to serve the main business，Enhance the competitiveness of the main products in the open market，Help the main industry to expand and cultivate the Brazilian and South American markets，Make greater contributions to the internationalization of XCMG。

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