The Zhongshan Administration for Market Regulation recently signed strategic cooperation agreements on "quality loan" products with Bank of China Zhongshan Branch and Ping An Bank Zhongshan Branch respectively.
According to the agreements, the two banks will offer loans to enterprises that have won quality awards from governments at all levels or have been accredited as "Zhongshan Quality Manufacturing Enterprises" to support their production and operation.
The agreements specify the overall framework, principles, areas, and specific implementation measures of the cooperation between the two sides. Customized financial products and service schemes, covering such aspects as loan support, credit assessment and risk management, will be designed based on enterprises' product quality, actual operating conditions and development needs.
The two sides will also establish a regular communication mechanism and risk prevention and control system to ensure the smooth progress and sustainable development of the cooperation.
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