A signing ceremony of a strategic cooperative agreement between the Bank of China's Shandong branch and Xinwen Mining Group Company was held on Oct 29 in Tai'an, East China's Shandong province.

Yang Luyu, Tai'an top official and Vice-mayor Yan Xinjian both attended the event and gave their sincere congratulations.

This win-win cooperation will boost the growth of the local economy, said Yan.

According to the agreement, the bank within three years will provide 35 billion yuan (about $5.2 billion) to the companies for their operation and project constructions.

By Hao Nan