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SPDB, Huatai join hands in business development
By Hu Xiaocen |
December 4, 2012, Tuesday
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Online Edition
Online Edition
SHANGHAI Pudong Development Bank has signed an agreement with Huatai Securities Co for innovative cooperation within the regulatory framework, the lender said in a statement today.
The two financial institutions cooperate in a broad range of services from treasury and settlement, asset management, brokerage, funds, investment banking, bank card business, e-commerce, technology service, bonds and futures.
The Shanghai-based lender is the eighth-biggest bank in China by assets, according to Standard and Poor's latest banking report.
Huaitai held more than 75 billion yuan (US$11.9 billion) worth of assets by the end of September, according to the statement.
The two financial institutions cooperate in a broad range of services from treasury and settlement, asset management, brokerage, funds, investment banking, bank card business, e-commerce, technology service, bonds and futures.
The Shanghai-based lender is the eighth-biggest bank in China by assets, according to Standard and Poor's latest banking report.
Huaitai held more than 75 billion yuan (US$11.9 billion) worth of assets by the end of September, according to the statement.
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