Beijing: Bank of China and China Shipping Group signed a global strategic cooperation agreement worth RMB90bn in Beijing yesterday to develop cooperation opportunities worldwide, especially in the Shanghai Free Trade Zone (FTZ).
Under the agreement, the two companies will expand collaboration on credit loans, cash management, investment banking, and insurance under the central government’s call to develop FTZ as a national strategy.
China Shipping Group currently operates more than 500 vessels with total capacity of about 30m dwt.
