CITIC Bank China receives Bassett & Walker International

Qingdao, China, March 30, 2011 – Mr. Xing Liqing, vice president of the branch, met Nicholas Walker, chairman of BWI, Alexander, CEO of BWI, and their colleagues from Canada at Regent Hotel. The two sides exchanged views on their business cooperation.

BWI is a well-known multinational company in Canada. It holds the first-hand agricultural resources and has trading business with more than 50 countries in the world. Its share of bulk import and export of products in South America is in the top three, and among the top five in North America. The aim of the chairman of the company coming to China in person is to focus on shifting the important soybean import and export business in Asian to China. Recommended by Nanjing Road Branch, the chairman of BWI inspected a number of processing plants. and he admired the capacity of soybean processing, level of technology, size of the companies very much. He also showed his strong interest in – protein powder.

Mr. Xing Liqing, vice president, introduced a series of programs to Nicholas, chairman of BWI, including the sophisticated international business portfolio, import of soybeans, export of protein powder, the cash collateral goods, the future right to pledge the goods, closed operations, revolving credit funding, etc., which was highly affirmed by the guests. The guest also expressed that they will surely develop their business with China CITIC Bank.

Mr. Zhang Youjing, General Manager of the Department of International Business of the branch introduced the specific business operation mode to Alexander, CEO. Alexander, CEO, said that they expected to do 1.5 million tons of soybean import business in China this year, which will bring one billion U.S. dollars in the amount of the settlement of international business.

Through this meeting, the bank and enterprise deepened their understanding with each other and further strengthened their relationships. The relevant business would surely be a new breakthrough and growth for the international business of Nanjing Road Branch.

Gao, Jian Xu, President of Nanjing Road Branch, Liu Bo, Assistant of the President, Dong, Wei, Account Manager, accompanied guests all the time as well.