On the afternoon of February 4, 2021, China United Lines Ltd. (CULines) reached a strategic cooperation agreement with the Business Department of Bank of Shanghai Headquarters (BOSC) at the Shanghai Union Building. Cai Weisong, General Manager of the Business Department of BOSC, and Raymond Chen, Chairman of CULines, along with relevant persons in charge from both parties, attended the signing ceremony.

Yu Xinjia, Assistant to General Manager of the Business Department of BOSC, and Kevin Ding, Executive Vice President of CULines, signed the agreement on behalf of the two sides. As witnessed by the leaders and colleagues of both parties, CULines and the Business Department of BOSC formally entered into strategic cooperation.

Under the agreement, the two parties, following the principles of equality, mutual benefit, honesty, credibility, and common development, have established a strategic alliance. Leveraging their respective advantages, the two will expand cooperation both vertically and horizontally, aiming for a new and in-depth bank-enterprise partnership.

This partnership is CULines’ response to the state-level call for Chinese enterprises to deepen collaboration with benchmarking enterprises in local industrial chains.

Through the integration of industry and finance, CULines is fully prepared to grow into a shipping-driven digital logistics operator. By putting greater efforts to construct an independent and controllable international logistics supply chain system across the Intra-Asia, we’re committed to guaranteeing the stability and reliability of local supply chains, and propelling high-quality development.