China's domestic bank signed first global credit grants agreement recently. The deal was clinched between Chongqing branch of Construction Bank of China and Ford Motor & Ford Motor Credit.

Any Ford's subsidiaries around the world can seek to secure a loan not more than 600 billion USD from the lender. This is the first time that China Banking Regulatory Commission has approved a domestic bank��s one-to-one cross-border credit extension to an overseas parent company of a multinational.

This also makes the Construction Bank of China one of Ford's cooperative banks for its global operation.

By People's Daily Online