BOC signs strategic agreement with large hydro power corporation

BEIJING, May 9 (Xinhua) -- Bank of China (BOC) announced Friday the signing
of a strategic cooperation agreement with Sinohydro Corporation, China's largest
water conservation and hydropower group.

Besides traditional financial services, BOC would introduce more
professional services to the company under the agreement, including direct
financing, project financing and overseas engineering insurance, said the bank.

BOC has accumulatively offered 40 billion yuan (5.88 billion U.S. dollars)
of credit quota to Sinohydro Corporation, which has a network of 17 subsidiaries
in China and 42 overseas branches worldwide.