On December 26, the representative of People’s Government of Dalian signed a strategic cooperation agreement with Sino-German Bausparkasse. Xiao Shengfeng (the mayor) and Wang Yun (the director of Sino-German Bausparkasse) attended the signing ceremony. The representatives of both parties had deep exchanges after the signing ceremony.
At the same day, Sino-German Bausparkasse, Dalian branch formally opened for business.
Sino-German Bausparkasse was jointly launched by China Construction Bank and Bausparkasse Schwäbisch Hall, with housing savings service as the core business. It is the only commercial bank specializing in housing savings service in China.
In 2015, Sino-German Bausparkasse was integrated into the multi-layered housing policy structure by the state council which agreed that it could promote housing savings service and related operations in China in a planned, step-by-step and conditional manner.
Wang Yun expressed his gratitude for the support provided by the Dalian CPC committee and the municipal government for establishing Sino-German Bausparkasse, Dalian branch.
Relying on the unique advantages in housing savings service, Sino-German Bausparkasse aims to provide comprehensive support for the real estate market in Dalian in terms of construction of the marketing system, channel resources and system of information, etc., he said.
Sino-German Bausparkasse is glad to contribute to the new urbanization drive in Dalian and provide more financial products and services for economic development in Dalian, he said.
Hong Dengjin (the vice mayor of Dalian), Luo Dongsheng (the chief secretary of the municipal government) and Wang Zhiqiang (the vice director of Sino-German Bausparkasse) also attended the signing ceremony.