Financing secured for marine industrial park in China

Posted on

The Agricultural Development Bank of China is providing a credit line of 7 billion yuan, or $1.12 billion, to support the construction of a marine industrial park.

A management committee preparatory group from the Fujian-Taiwan (Fuzhou) Blue Economic Industrial Park and the Fujian provincial branch of the Agricultural Development Bank of China signed a cooperation framework agreement on Thursday, according to China Daily.

Construction began in September. Located in Xinghua Bay, Fuqing city, the marine industrial park will cover 60 square kilometers and be supported by the Jiangjing Overseas-Chinese Farm. It will be positioned as a provincial high-tech industrial park, a leader in the marine economy and a west-Straits marine industry research-and-development transformation base.

China Daily said the cooperation will accelerate investment and financing system innovations and infrastructure construction in the industrial park, ushering in a new era of cooperation among government, banks and enterprises.

Click here for the full report.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

What is the best outcome for the marine industry in the November mid-term elections?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password