Greater China

Bank of China signs RMB90bn agreement with China Shipping Group

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.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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