White list of 51 shipyards may not attract Chinese banks

2014-09-12

China recently has released its first “white list” of 51 shipyards that it deems worthy of favourable policy support, as the world’s largest shipbuilder strives to tackle over-capacity that has slammed the global shipping market.

According to National Business Daily, more than half of these 51 shipyards are central enterprises and state-owned enterprises. The private enterprises are concentrated in the areas of Jiangsu and Zhejiang.

However, most analysts said that even if the shipyards have entered into “white list”, they are not sure to attract the banks attention, because the bank credit prefer financial index. In the issue of improve industrial concentration, the white list in short term may not bring less effectiveness than imagination.

Source from : CNSS

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