Heads of the Xinjiang Oilfield Company and Bank of Kunlun met in Karamay, Xinjiang Uygur autonomous region, on Oct 29, and agreed to increase cooperation on expanding financial infrastructure and financial professional training in Karamay city.

Yang Xuewen, general manager of the Xinjiang Oilfield Company, and Jiang Shangjun, chairman of the board of Bank of Kunlun, exchanged views on Karamay’s economic development and explored more cooperation opportunities.

Jiang said at the meeting that Bank of Kunlun will increase its support to Karamay’s real economy and help the city improve its financial infrastructure and e-channel services. The bank will also hold some public lectures on financial knowledge and offer more internship opportunities to cultivate more financial talents.

Bank of Kunlun, formerly known as the Karamay City Commercial Bank, is one of the largest banks in Xinjiang, whose total assets reached 278.3 billion yuan ($43.8 billion) by the end of 2014.

Yang praised the Bank of Kunlun for its rapid growth over the past 10 years since its foundation in 2005 and for its continuous contribution to Karamay’s development. The existing cooperation between the bank and Xinjiang Oilfield Company proves to stimulate the local economy, making more substantial cooperation projects necessary, Yang added.

Yang Xuewen (right), president of the Xinjiang Oilfield Company, and Jiang Shangjun, chairman of Bank of Kunlun, meet in Karamay, Xinjiang Uygur autonomous region, on Oct 29, to seek further cooperation opportunities. [Photo/epapar.kelamayi.com.cn]

Edited by Mevlut Katik