July 5 (NBD) -- Industrial Bank Co., Ltd. (601166.SH) inked a strategic cooperation agreement with Zhejiang Geely Holding Group (Geely) on Wednesday, under which the bank will fund the carmaker with a total of 40 billion yuan (6 billion U.S. dollars).

In order to facilitate Geely's automobile industry chain, Industrial Bank will also provide integrated and one-stop financial services, such as credit extension, settlement, money management, cash administration, investment banking, personal finance, and so on and so forth.

In addition, the two sides will conduct cooperation in smart transportation, inclusive finance and other sectors.

Email: gaohan@nbd.com.cn