Recently, the Administrative Committee of Tianjin Port Free Trade Zone and the Bank of China Tianjin Branch signed the Comprehensive Strategic Cooperation Agreement (hereinafter referred to as the Agreement). This is an important measure since the signing of a new round of strategic cooperation agreement between the Tianjin Municipal Government and the Bank of China in February this year. It marks that the Administrative Committee of the Free Trade Zone and the Bank of China Tianjin Branch will write a new chapter in the regional cooperation relationship.
According to the Agreement, the Free Trade Zone will further support the Bank of China Tianjin Branch to play the role of the main bank in the economic and social construction of the FTZ, and actively support it to participate in various financial services and financial innovation work in the region. At the same time, the Bank of China Tianjin Branch will provide intentional financing of not less than RMB 20 billion for it within five years. By effectively integrating domestic and foreign financial resources, the Bank will make full use of the financial reform and innovation policy to fully support the construction and development of the Tianjin Pilot Free Trade Zone and private economy; thoroughly implementing the national strategy of going global, they will promote regional enterprises to participate in the Belt and Road construction; they will provide comprehensive credit service to many enterprises in the region to serve the development of the real economy; they will fully support the FTZ to improve the public service level, and provide multi-domain, all-round financial services there.