The Agricultural Development Bank of China (ADBC) said it has opened an all-round cooperation with the country's Export and Credit Insurance Corporation (CECIC).

The ADBC and the CECIC signed an agreement in Beijing earlier this week that indicated the establishment of the cooperation between the country's policy-oriented bank and policy-oriented insurance company.

According to the agreement, the two sides will start to share information resources, research and development products, as well as e-business.

The CECIC will provide ADBC customers with exportation insurance-related services and launch comprehensive research in the fields of risk control and management. It also promised to help the ADBC to expand in overseas markets.

The ADBC, along with the China Development Bank and the Export-Import Bank China, are the country's three policy-oriented banks.

(Xinhua News Agency June 6, 2008)