EXHIBIT 10.42

                      BANK-ENTERPRISE COOPERATION AGREEMENT

Party A (Bank):       Shanghai Songjiang Branch, Agricultural Bank of China
Party B (enterprise): Shanghai Kaihong Electronic Co., Ltd.

After negotiation, regarding the bank-enterprise cooperation from 1st September
2001 to 1st September 2007, Party A and Party B agree upon as follows:

1 Party A provides the following services for Party B:

1.1   In order to support Party B to expand production and marketing, Party A
      agrees in principle to offer ceiling of credit at maximum of $12,000,000
      (converted in current foreign currency), and the specific fund is used
      based on a loan contract.

1.2   Party A and Party B go through loan procedures item by item according to
      the loan procedures of Agricultural Bank of China, and the length of
      maturity is fixed by Party A according to Part B's production and the
      actual usage of funds.

1.3   Within the highest ceiling of credit, based on the application by Party B,
      and after review for qualification, Party A handles bank credit extension
      businesses for Party B, including L/C opening, commercial bill acceptance
      and discount, and letter of guarantee etc..

1.4   Party A is willing to provide Party B with multiple consulting services,
      including credit, finance, remittance, account settlement, information
      etc..

2     Party B will follow and fulfill the following arrangements:

2.1   Party B opens RMB basic account and exchange settlement account at Party
      A, and takes Party A as host bank to settle account in current foreign
      currency.

2.2   Party B should provide Party A with authentic balance sheet, profit and
      loss statement and financial data, and Party B guarantees its credit funds
      are used as required.

2.3   Within the ceiling of credit provided by Party A, Party B handles credit
      extension business with specimen signature left with the bank, and signs
      relative contract.

3     Party A and Party B will further to contact and communicate with each
      other, and supervise the fulfillment of this agreement jointly. If Party A
      can't satisfy the reasonable requirements proposed by Party B according to
      this agreement, then Party B is entitled to terminate the fulfillment of
      this agreement. If there is breach of this agreement or major business
      abnormality by Party B (Party B doesn't make improvement within 3 months
      after reminded by Party A), Party A is entitled to terminate the
      fulfillment of agreement and take relative action.

4     This agreement is signed after negotiation by Party A and Party B, which
      will mature on 1st September 2007, and can be renewed at maturity. If any
      party doesn't agree to renew, then agreement previously signed by both
      parties will terminate automatically. Relative terms will not bind any
      other party any more.

5     As for matters not covered by this agreement, especially when there is
      conflict with related terms of this agreement due to modifications of
      national regulations during the performance of agreement, both parties
      should modify related terms of agreement in the principle of friendly
      negotiation, in order to facilitate the continuous fulfillment of
      agreement.

6     This agreement will come into effect after stamped with official seal by
      Party A and Party B, and signed by legal representative or representative
      designated by legal person. This agreement is done in quadruplicate, and
      both parties hold 2 respectively.


Party A: Shanghai Songjiang Branch,         Party B: Shanghai Kaihong
Agricultural Bank of China                  Electronic Co., Ltd.

Official Stamp:                             Official Stamp:
Responsible person: Zhu Liang Jun           Responsible person: Liu Zhen Guo

Date: August 30, 2001                       Date: August 30, 2001


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