Four Cities in East Guangdong Signed the Financial Cooperation Memorandum

Four cities, namely, Shantou, Shanwei, Chaozhou, and Jieyang, signed the Financial Cooperation Memorandum on July 22 with the purpose of further boosting the reform innovation and the stable development of the financial industry in east Guangdong, enjoying the sharing of financial resources in east Guangdong, and promoting the coordinated development of the regional economy in east Guangdong.
According to the Regional Financial Cooperation Memorandum of East Guangdong, the four cities in east Guangdong will jointly establish the financial cooperation platform, boost the construction of the regional credit system, promote the financial service cooperation level, and guide and optimize the allocation of financial resources. They will speed up the credit rating work of the credit market, make great efforts to provide convenient and high-efficiency credit information service for the four cities, promote the construction of the "intra city" payment and settlement, provide high-efficiency and low-cost fund settlement service for enterprises, institutional organizations and individuals of the four cities, guide the integrated development of the bankcard industry of the four cities, and realize the integration of the regional bankcard business in east Guangdong.

Source:Shantou Daily, July 25, 2010