On April 16, a strategic cooperation agreement was officially signed between Yunnan Airport Group Co., Ltd. and the Yunnan Branch of Bank of China Limited, marking a new era in their long-term partnership, sources close to the matter told CARNOC.com.

It's understood by CARNOC.com that the Bank of China will not only commit up to 10 billion yuan credit for Yunnan Airport Group but is also set to provide various financial services including international settlements, investment banking, trade finance as well as financial consulting and training services etc. In return, Yunnan Airport Group will choose Bank of China as its preferred provider for future financial and banking service needs whenever possible.

Photograph: Hand-shaking between Mr. Liu Ming (front left), President of Yunnan Airport Group Co., Ltd., and Mr. Tan Jiong (front right), President of Bank of China's Yunnan Branch, at the official signing ceremony on April 16, 2009.