On August 13, 2020, Guangzhou Municipal Construction Group Co., Ltd. (GMC) and Guangzhou Rural Commercial Bank (GRCB) held a signing ceremony for the strategic cooperation agreement. 

GRCB, located in South Guangdong, has been developing for more than 50 years and is one of the oldest financial institutions in Guangzhou. President Yi Xuefei said that through this strategic cooperation, GRCB hopes to provide comprehensive and multi-angle financial support to GMC on the basis of consolidating friendly and cooperative relations, continuously improve and enhance financial service capabilities, and fully support Guangzhou state-owned enterprises to become bigger, better and stronger.

The signing of this Agreement has further promoted effective communication and good cooperation between the two parties. GMC and GRCB will be in the cooperation mode of "finance + advanced construction industry", give full play to the demonstration effect of bank-enterprise cooperation between municipal state-owned enterprises, showing the role of state-owned enterprises, and join hands in the construction of Guangdong-Hong Kong-Macao Greater Bay Area, to seek common development and achieve win-win results.