China Development Bank sets up ship finance centre in Dalian

Dalian: China Development Bank has established a ship finance center in Dalian on Thursday, the first dedicated ship finance division of the bank, to strengthen its financing services to domestic shipbuilders, shipping companies and overseas shipowners who place orders at domestic shipyards.
 

As a leading national bank for overseas financing cooperations, China Development Bank set up a US$5bn Sino-Greece ship development fund and a US$5bn Sino-German ship development fund in 2010 and 2011 respectively.

At the opening ceremony, China Development Bank also signed strategic agreements with Dalian municipal government and China Classification Society to enhance cooperations in ship finance development. [30/11/12]

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