Press Release (02 March, 2017)
Nobel Laureate Professor Muhammad Yunus was received by by the Secretary of theCommunist Party of China for Henan Province Mr Xie Fuzhan at the Party Committee's office in the capital city of Zhengzhou to discuss about the poverty alleviation strategies of China and the launch of a Grameen microcredit program in Henan as a collaboration between Grameen China and Zhongyuan Bank, a government owned bank of Henan.
Nobel Laureate Professor Muhamamd Yunus was the chief guest at a high level launch event of a six branch Grameen style microcredit program in Henan Province, China on February 26 which is a collaboration between Henan commercial bank Zhongyuan Bank and Grameen China to bring much needed financial services to the rural poor in that province. Zhongyuan Bank is a new bank in Henan that was created in 2014 but last year posted a profit of US$ 3 billion. The bank which will finance the loan capital and operations of the new initiative which will be implemented by Grameen China invited Professor Yunus to their headquarters in Zhengzhou in Henan province to meet with the Chairman of the Bank, its president and staff and discuss the collaboration. Henan is a province in central China and considered the cradle of Chinese civilization with a recorded history of more than 3,000 years. The launch event was addressed by the Secretary of Henan provincial government, the Chairman, also the President of the bank attended by around 250 dignitaries in Zhengzhou City.