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Zhongguancun Bank, MOLBASE join hands on financing services

chinadaily.com.cn | Updated: Mar 30, 2018 L M S

Beijing Zhongguancun Bank Co Ltd and MOLBASE (Shanghai) Biotech Company reached strategic cooperation agreement in Beijing on March 28 to provide financial services to small and medium-sized companies.

The cooperation will provide micro, small and medium-sized enterprises in the chemical industry with a series of integrated and customized financial services including online trade settlement, supply chain financing and commercial ticket cooperation.

Beijing Zhongguancun Bank Co Ltd and MOLBASE (Shanghai) Biotech Company will arrange financial services for small and medium-sized companies. [Photo provided to chinadaily.com.cn]

Zhongguancun Bank will combine MOLBASE's data of the frequency, amount, and quantity of customer transactions, with its intelligent, comprehensive and innovative financial products.

The two parties will help companies to solve the capital bottleneck in their development and promote them to grow bigger and stronger.

With a registered capital of four billion yuan ($637 million), Zhongguancun Bank is positioned as a "bank of entrepreneurs" and is striving to become an integrated financial service platform for startups and innovation-oriented enterprises.

Liu Fuyang (L), general manager of Zhongguancun Bank's innovation eco-cooperation department, and Chang Dongliang (R), founder and CEO of MOLBASE, shake hands as they begin cooperation. [Photo provided to chinadaily.com.cn]

It serves innovation and entrepreneurship, and promotes Beijing's industrial transformation and upgrading into of a national science and innovation center.

As the world's leading comprehensive chemical e-commerce service platform, MOLBASE has become the fastest growing and most traded e-commerce platform in the chemical industry since its beginnings in 2014.