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SPDB joins hands with Shanghai Automobile Group in financial service
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Recently, SPDB and Shanghai Automobile Group reached an agreement on strategic partnership. According to the agreement, Beijing branch of SPDB will offer account management, settlement and credit card service to Shanghai Automobile Group(Beijing) to promote automobile related financial service to customers.
This is only the first step for further cooperation, Beijing branch of SPDB will provide a comprehensive credit line of RMB800 million to Shanghai Automobile Group and its related companies with a wide variety of products including: fixed asset loan, working capital loan, acceptance of bills, discount of bills, letter of credit etc.
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