Wanda Group signed a strategic cooperation agreement with the Postal Savings Bank of China in the Sofitel Wanda Beijing Hotel on June 4.

Wanda Group Chairman Wang Jianlin and PSBC Chairman Li Guohua addressed the signing ceremony.

According to the agreement, the two sides will expand their collaboration on financial services including credit services, cash management, accounts settlement, and retailing finance, as well as in other industries like real estate, culture and tourism.

The PSBC is a commercial bank established on the basis of reform of postal savings management system. The bank is the nation's seventh largest, with assets of as 4 trillion yuan by the end of October 2011.