On behalf of Yuchai Heavy Industry, Yan Ping signs the cooperative agreement with president of Bank of China Yulin branch Luo Ziniu (first from the left) and president of China Minsheng Bank Guangzhou branch Wu Xinjun.

The signing ceremony of the credit loan agreement between Yuchai Heavy Industry and Bank of China Yulin branch and China Minsheng Bank Guangzhou branch was held at the production base of Yuchai Heavy Industry in Luchuan country on June 19, 2009. On behalf of Yuchai Heavy Industry, Yan Ping the chairman of the board of Yuchai Group and president signed the cooperative agreement with president of Bank of China Yulin branch Luo Ziniu (first from the left) and president of China Minsheng Bank Guangzhou branch Wu Xinjun. All staff of the company and  many distinguished guests from Bank of China Yulin branch and China Minsheng Bank Guangzhou branch were joyful to witness the important moment.

In the address to the ceremony, president of Bank of China Yulin branch Luo Ziniu and president of China Minsheng Bank Guangzhou branch Wu Xinjun promised to provide more comprehensive and quality financial supports to the future development of Yuchai Heavy Industry. They wished the company would achieve huger success.  

Speaking at the ceremony, Yan Ping thanked Bank of China and China Minsheng Bank for their help. He encouraged the management team and staff of Yuchai Heavy Industry to work hard and wished Yuchai Heavy Industry a brilliant future.  

The conclusion of the credit loan agreement marked the beginning of business cooperation between a subsidiary of the Group and banking institutes in the form of credit loan. It consistent with the management requirement of the Group and proved a substantive breakthrough of Yuchai Heavy Industry in the operation mode. The cooperation also reflects that banking institutes such as Bank of China Yulin branch and China Minsheng Bank Guangzhou branch showed their great attention, trust and strong support to Yuchai. It also shows that the banks trust the company in operation level, management ability, risk control, finance, etc. Chief accountant of Yuchai Heavy Industry Luo Haigang said that the company would strengthen and expand the in-dept cooperation with the finance sector and build a sound and healthy financial system of the company step by step.  

Authors: Liang Shanshan, Chen Jie             photographer: Liang Shanshan