| On August 20,2004, Zhongtong Bus Holding Co., Ltd has held a signing ceremony of business cooperation with Weihai Commercial Bank, which is one of the China 50 biggest commercial bank, at Liaocheng, Shandong province.
This collaborates between bank and enterprise symbolized the cooperation of Zhongtong Bus with the financial organization reached a new point.
Zhongtong Bus have carried on the discussion and attempt with many financial organizations, and already set up several cooperation network, solved the difficult of some local customers. But since May, 2004, the People's Bank of China has raised required reserve ratio for two times, the loan interest rate surpassed 70%, make a shadow on the recovering vehicle loan market. In this situation, Zhongtong Bus started to look for the new partener and cooperate patterns, through the cooperate with Weihai Commercial bank, both sides developing their own service system and promote the service level.
According to the developing plan of Zhongtong, consummate market system, improving the after-service become the most important. |