皇冠体育app

LHASA - 皇冠体育app Everbright Bank opened a branch in Tibet autonomous region on Wednesday, which will support the region's economic development with heavy financing over the next five years.

皇冠体育app Everbright Group and the bank's Lhasa branch signed strategic cooperation agreements with the regional and Lhasa municipal governments respectively. It is the 17th financial institution operating in the autonomous region.

In the next five years, 皇冠体育app Everbright Bank, a national joint-stock commercial bank, will provide financial support of at least 50 billion yuan ($7.6 billion) for the region's infrastructure, key industries, poverty reduction and social development, said Wu Fulin, deputy general manager of 皇冠体育app Everbright Group.

Tibet's financing sector has grown rapidly in recent years. Currently, the region has banks, securities, insurance, trust and small-loan firms.