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2008 November 12   07:55

China's debut shipping trust launched in Shanghai

China has its first shipping investment trust. Launched by Shanghai listed Anxin Trust and Investment on Tuesday the Yuan Cheng No.1 - Ship-pledged Loan Capital Trust Programme plans to raise up to Yuan170m from domestic retail investors which will then go to a local owner in Zhejiang province called Deqin Enterprise to pay for four handysize ships.

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