China Internet Nationwide Financial Services Inc. Signs Strategic Partnership Agreement with China Co-op Subsidiary
BEIJING, December 29, 2017
China Internet Nationwide Financial Services Inc., a leading financial advisory services company, today announced that it has entered into a strategic cooperation agreement with China Co-op Foreign Trade LLC, a majority-owned subsidiary of All China Federation of Supply and Marketing Cooperatives.
Pursuant to the Agreement executed on December 26, 2017, the two parties will explore cooperation opportunities including the joint development of a big data center for China’s Co-op and agricultural-related industries, a settlement center in support of the One Belt One Road Initiative, as well as designating the Company as a preferred partner in providing data analytics and financing advisory services to China Co-op’s network of cooperatives and affiliated enterprises.
Guoping Yu, Chairman of CCFT, commented, “We are impressed with the CIFS team and their achievement and capability in providing innovative financial advisory services to small-to-medium sized enterprises. We believe the Agreement provides a win-win situation for both parties and look forward to this strategic partnership to grow and bear fruit in years to come.”
“As we continue to expand following our recent successful IPO, the launch of supply chain financing services and FinTech initiative, and the acquisition of Anytrust Science & Technology, we are very excited about this partnership which gives us a unique opportunity to potentially gain access to China Co-op’s vast network of cooperatives and affiliates that include hundreds and thousands of SMEs,” added Mr. Jianxin Lin, Chairman and Chief Executive Officer of CIFS.
About China Co-op Foreign Trade LLC
Established in January 1987, China Co-op Foreign Trade LLC is a majority-owned subsidiary of All China Federation of Supply and Marketing Cooperatives, one of the largest cooperatives in the world and a leading producer and trader of agricultural inputs, produces and related merchandise in China with an aggregate turnover of approximately RMB 4.78 trillion in 2016. For more information, please visit: www.china-coop.com/about.asp?id=2 or www.china-coop.com.
About China Internet Nationwide Financial Services Inc.
Incorporated in 2014 and headquartered in Beijing, China Internet Nationwide Financial Services Inc. provides financial advisory services, including commercial payment advisory, intermediary bank loan advisory, and international corporate financing advisory, to meet the financing and capital needs of its clients, comprised largely of small-to-medium sized enterprises.