Recently, Baiwang and Bank of Ningbo officially signed a strategic cooperation agreement. The two parties will leverage their respective core resources and business advantages to engage in in-depth collaboration across multiple areas including financial technology and inclusive finance. Together, they aim to enhance the effectiveness of financial services for the real economy and jointly build an innovative, efficient, and robust smart finance ecosystem.

Bank of Ningbo is a regional joint-stock commercial bank with both Chinese and foreign investment and is one of China’s 20 systemically important banks. The bank follows a strategy of well-matched partnerships and is committed to offering diversified financial services. In the latest 2025 Top 1000 World Banks ranking by The Banker magazine, Bank of Ningbo ranked 72nd globally, continuing its steady climb among the world’s top 100 banks.

Baiwang is a data-driven artificial intelligence company that builds reliable, advanced data intelligence systems powered by big data and AI technologies. It has developed a matrix of agents including transaction management, business decision-making, and financial services agents to support industrial intelligent transformation. For clients in banking and fintech, Baiwang has created financial agents—such as marketing and risk control agents—to continually enhance end-to-end financial services and product capabilities, generating greater value for financial institutions.

At the signing ceremony, Fu Wensheng, Deputy Secretary of the Party Committee at Bank of Ningbo, stated: “Bank of Ningbo upholds the belief that ‘professionalism creates value’ and ‘genuine care for customers.’ This partnership marks a new starting point to deepen financial technology applications, align with national financial strategies, and advance inclusive finance into broader and deeper domains, thereby offering more precise, accessible, and efficient support to the real economy.”

Zhao Liwei, Chief Strategy Officer of Baiwang, also expressed strong confidence in the cooperation: “Baiwang has always embraced the philosophy of driving industrial development through technological innovation. Our strategic partnership with Bank of Ningbo allows us to fully leverage our expertise in data intelligence. With our financial agents as the key enabler, we will jointly explore innovative applications of fintech across diverse scenarios and dimensions, build more efficient and transparent financial service processes, and contribute to the healthy development of financial markets.”

This strategic partnership is not only a milestone for both parties at a new stage of development, but also an active response to national financial reform and an important move to fulfill the mission of serving the real economy. Moving forward, both two sides will break industry boundaries through resource sharing, unleash collaborative synergies through complementary advantages, and continue exploring innovations in implementing inclusive finance policies and accelerating the digital-intelligent transformation of the financial sector, contributing to the high-quality development of China’s financial industry.