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Bank of Chaoyang

Increasing the prosperity of local businesses and citizens.

How Bank of Chaoyang uses Lenovo ThinkAgile VX solutions to support banking services that help to stimulate regional economic growth, increase financial inclusion, and alleviate poverty.

"The Lenovo ThinkAgile VX solution provides a robust foundation for our ongoing expansion. The agile hyperconverged platform enables us to accelerate the deployment of the resources that we need to launch new customer-centric services. Working with Lenovo, we can take advantage of the new opportunities presented by the Chaoyang City industrial development zone and contribute to local economic growth.”

Li Baosheng,

General Manager of Information Technology Department,
Bank of Chaoyang

At-a-Glance

Customer: Bank of Chaoyang
Industry: Finance
Product Family: lenovo:product-group-and-series/L110056/L210089
Region: China
Processor: Intel
Topic: Hyperconverged Infrastructure,Software Defined Infrastructure

Increasing the prosperity of local businesses and citizens.

Rapid growth has made Bank of Chaoyang one of the largest financial service providers in Liaoning Province, China. Headquartered in Chaoyang City, the bank provides savings, lending, credit cards, and insurance services to individuals, and small and micro businesses. Operating 72 branches with 1,700 employees, Bank of Chaoyang managed total assets equivalent to RMB 105.3 billion (US$16.2 billion) as of 31 December 2020.

At one time, five out of 10 impoverished counties in Liaoning Province were in Chaoyang City. In response, Bank of Chaoyang and the local government have launched a joint poverty alleviation fund to encourage independent entrepreneurship and stimulate local economic development. In just five years, all five impoverished counties in Chaoyang City have made huge progress. In 2020, Chaoyang City made an official national-level industrial development zone, welcoming industry from Beijing, Tianjin, and Hebei in China, as well as firms from Japan and South Korea. More than 5,000 investment projects are planned for 2021, in areas such as equipment manufacturing, materials, and energy. 500 projects have invested a total of RMB 43.5 billion (US$6.6 billion).