Putian Receives Capital Support from Bank of Beijing, Optimistic about 3G Market Prospects

News Report (Reporter Liu Qi) Yesterday, China Putian Information Industry Co., Ltd. and Bank of Beijing jointly announced in Beijing that China Putian has signed a comprehensive strategic cooperation agreement with Bank of Beijing. According to the agreement, the funds provided by Bank of Beijing to Putian will be mainly used for Putian's R&D, international business expansion, and other aspects; correspondingly, Putian will also provide Bank of Beijing with communication equipment, ATM machines, financial smart cards, POS terminals, and other products.

The reporter learned from insiders that the financial support provided by Bank of Beijing to Putian will amount to several billion RMB. Notably, due to the optimistic expectations for the future 3G market, this is also the third time within one year that Putian has received support from the financial industry's capital.