Greater China

Chongqing Port sets up bulk trading subsidiary

Shanghai: Chongqing Gangjiu, the operator of Chongqing Port, announced that it plans to invest RMB20m to establish a subsidiary, which will be dedicated to bulk commodity trading.

Chongqing Port said the subsidiary will support the logistics park in Guoyuan port area, which is currently under development.

Chongqing Gangjiu reported a net profit of RMB73.5m for the first three quarters of this year, an year-on-year growth of 9.34%. [31/10/14]

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