The Zhitong Finance App learned that on January 12, Zhengrong Real Estate Holdings Co., Ltd., the domestic operator of Zhengrong Real Estate (06158), signed a strategic cooperation agreement with the Shanghai branch of the Bank of Beijing. The two sides agreed to establish a long-term, stable and comprehensive strategic cooperative relationship.
According to the agreement signed by the two parties, the Shanghai branch of the Bank of Beijing regards Zhengrong Real Estate Holdings as an important strategic partner and will give full play to its comprehensive operating advantages and service resources to the extent permitted by laws, regulations, supervision, national policies and regulations, credit conditions, etc., and coordinate relevant branches and subsidiaries to provide Zhengrong Real Estate Holdings with a full range of financial services covering the fields of commercial banks, investment banking, insurance business, fund management, leasing, etc., and give priority to meeting the business needs of Zhengrong Real Estate Holdings and its subordinate companies. At the same time, the Shanghai branch of the Bank of Beijing will support the provision of intended credit to Zhengrong Real Estate Holdings and related enterprises.
With the deepening implementation of the “16 Financial Rules”, the financing actions of various financial institutions for housing enterprises have been implemented at an accelerated pace recently, with some housing enterprises taking the lead in benefiting. This signing is also another time that Zhengrong Real Estate Holdings recently signed a strategic partnership with financial institutions. According to information, Zhengrong is also maintaining active communication and further establishing strategic partnerships with many other financial institutions. At the same time, it has applied for a number of special loans from financial institutions for its developing property projects, and is simultaneously applying for guarantee bonds of no more than RMB 3 billion from China Bonds Credit Enhancement Investment Co., Ltd.