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Bank of Nanjing signs strategic cooperation agreement with Huatai Securities

Bank of Nanjing Co. Ltd. signed a strategic cooperation agreement with Huatai Securities Co. Ltd. in October, the bank said.

Under the agreement, the two companies will deepen cooperation in areas of investment banking, asset management, asset custody, financing, innovation, business training, information exchange and customer resource sharing, Bank of Nanjing Chairman Hu Shengrong said Dec. 22.

Huatai Securities Chairman Zhou Yi said the company would help the lender optimize its business, including nonperforming loan securitization. Further, the two firms will jointly support Chinese enterprises' fund management and M&A.