Tianjin ETDZ entered a cooperative agreement with PPF under which the latter will set up a financial company in the area to carry out financial business .  The company will become the headquarters of PPF in north China after completion and will instill new vitality into the financial reform of Binhai New Development Zone. 

Cui Jindu , Standing Member of Tianjin CPC Committee and Mayor of Tianjin met Czech Ambassador to China , main stockholder of PPF and other representatives ,who also  attended the signing ceremony .

He Shusha , Chief of the Management Committee ,addressed the signing ceremony. Officials from Tianjin Municipal Financial Office , Banking Regulatory Commission and other relevant departments attended the ceremony . 

Cui Jindu said that PPF is the largest private finance service group in Middle and East Europe and a successful example of investment in China of Czech . He believed that the prospect of this cooperation between Tianjin and PPF would be very promising and hoped that cooperation would be carried out in wider scope between these two parties . 

Tianjin ETDZ is currently making great efforts to encourage the development of modern service industry and construct outsourcing bases of financial business and service . 

Founded in 1991 , PPF is the largest  financial service group in Middle and East Europe , main businesses of which cover insurance, consumer credit ,retail banking, endowment insurance , asset management and collective investment .