On August 24, Sinochem Group signed a Strategic Cooperation Agreement with Industrial and Commercial Bank of China Limited (ICBC). According to the agreement, the two companies will engage in all-round and in-depth cooperation as shared response to Chinese government’s key initiatives of “accelerating the construction of innovation-oriented country” and “building a tech-leading country”. They will work together to drive the implementation of “Belt and Road” initiative and establish a comprehensive partnership in the areas of SOEs reform, “Internet+”, etc.
Sinochem Group and ICBC have been keeping their close partnership for years. The signing of this Agreement will further enhance the strategic partnership of both companies.