According to the official wechat news of country garden, on March 3, Country Garden Holdings Co., Ltd. and China Merchants Bank Co.Ltd(600036) signed a 15 billion yuan strategic cooperation agreement on real estate M & A financing, and the two sides will establish a deep strategic cooperation relationship on real estate M & A financing. According to the cooperation agreement, China Merchants Bank Co.Ltd(600036) will grant country garden a 15 billion yuan M & A financing line, which is dedicated to country garden’s real estate M & a business, including but not limited to M & A loans, M & a funds, asset securitization and innovative financing products derived from M & A related business needs.