November 2008, Hiking Group signed a Comprehensive Business Cooperation Agreement with Industrial and Commercial Bank of China (ICBC) Qingdao Branch and concurrently held the launch ceremony of their current account foreign exchanges centralized management at Qingdao. Governor of People’s Bank of China Qingdao Central Branch and director of State Administration of Foreign Exchange Qingdao Branch Wang Xun, the governor of ICBC Qingdao Branch Luan Jiansheng, chairman of Hiking Group Zhang Jianhua, and over 40 celebrities from State Administration of Foreign Exchange Qingdao Branch, ICBC Qingdao Branch, and Hiking Group attended the launch ceremony.