China's Bank of Communications signed a comprehensive cooperation agreement with China Shipping (Group) Co. Tuesday, deciding to provide credit loans of 30 billion yuan to the latter. According to the agreement, BOCOM and China Shipping will set up to a long-term relationship for strategic cooperation.
The two sides will now begin cooperating on cash management, investment banking, and private financial services to boost the development of the large shipping enterprise and facilitate in the establishment of Shanghai Municipality as an "international shipping center." Shanghai headquartered China Shipping is a large comprehensive multinational and multi-industrial enterprise. It's one of the key state-owned enterprises directly under the central government.
The two sides will now begin cooperating on cash management, investment banking, and private financial services to boost the development of the large shipping enterprise and facilitate in the establishment of Shanghai Municipality as an "international shipping center." Shanghai headquartered China Shipping is a large comprehensive multinational and multi-industrial enterprise. It's one of the key state-owned enterprises directly under the central government.