Bank of Hangzhou Enters Comprehensive Strategic Partnership with Hangzhou’s Yuhang District, Focuses on Private Enterprise Financing

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Municipal lender Bank of Hangzhou has entered a strategic partnership with the local government for the city’s Yuhang district.

Bank of Hangzhou and the People’s Government of Yuhang District recently executed a comprehensive strategic cooperative agreement for the purpose of “using finance to energise the high-quality development of Yuhang.”

Bank of Hangzhou said the agreement will focus primarily on “deepening comprehensive strategic cooperation between government and the bank,” and the provision of comprehensive financial services in Yuhang district, including bond underwriting, enterprise funds, and financing of private small-and-medium sized enterprises.