Cooperation with Czech firm

2016-03-31 01:55:17 GMT2016-03-31 09:55:17(Beijing Time)  Global Times

Czech consumer loan company Home Credit's holding company PPF Group signed a strategic cooperation framework agreement late Tuesday in a meeting in Prague with Chinese banking industry representatives.

The signing took place during President Xi Jinping's visit to the country.

"We're confident in the China market to increase the investment up to 6 billion yuan ($926 million) in the coming two years. Our goal is to widen a direct, mutually beneficial collaboration with durable goods' producers across geographies," Home Credit Group CEO Jiri Smejc was quoted as saying in a statement sent to the Global Times on Wednesday.

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