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Tisunion.org - China’s first international and comprehensive e-commerce platform for trade in services - signed cooperation agreements on lines of credit support with China Citic Bank, China Construction Bank, Bank of China, Agricultural Bank of China and Industrial and Commercial Bank of China.
According to the agreement, the website will get a 60 billion yuan ($9.8 billion) line of credit from these five banks, with 20 billion yuan from CITIC Bank and 10 billion from each of the other four banks.
The banks will provide various financial products for small and tiny enterprises, with easier approval procedures and access to loans.
In addition, the website signed a strategic cooperation agreement with the World Trade Point Federation to help Chinese enterprises participate in international trade and boost the growth of China’s trade in services, as well as to provide more information on projects and e-commerce.
