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Bits and Bobs on China
For everyone interested in China, we found some recent headlines that you might appreciate. Enjoy!
Hui Shang Bank Joins Hands with Dong Fang Shipbuilding: China Exim Bank is certainly not the only financial institution, offering domestic shipbuilders credit support. Based in Anhui province in China, the regional bank has recently provided RMB 250 million (USD 36.8 million) credit to China Dong Fang Shipbuilding.
Pacific International Lines secures ECA Support: Old news but still relevant news! Pacific International Lines has joined the group of foreign shipowners who has successfully tapped Chinese ECA support. The second largest containership operator in Singapore secured a USD 517 million 10 year buyer’s credit from Bank of China in 2009. The Sinosure backed facility will be used towards its newbuilding orders at Dalian Shipbuilding Industry. This is also Bank of China’s very first ECA backed transaction for a foreign shipowner.
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Tags: · Agricultural Bank of China, Bank of China, Bank of Construction, Bank of Jiaxing, Brightoil Petroleum, China Shipbuilding and Offshore International, China State Shipbuilding Corporation, Credit Suisse, Dalian Shipbuilding Industry Co, Dong Fang Shipbuilding, Hui Shang Bank, Pacific International Lines, Shun Chang Shipbuilding, Sinosure
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