Mainland automobile manufacturer BAIC Group has signed a strategic cooperation agreement with Bank of China's Beijing branch, reaching a cooperation quota of 100 billion yuan. The cooperation covers fields like technology finance, equipment renewal, green credit, etc. This move will optimize resource allocation and promote the development of China's automobile industry.

This cooperation covers various fields such as technology finance, manufacturing equipment renewal and re-loans, green credit, private equity investment, securities capital, supply chain finance and cross-border finance. Through this cooperation, both parties will achieve resource allocation and business expansion optimization in their respective fields, jointly promoting the development of Mainland China's automobile industry.