Shanghai financing institution largely increase credit line of shipping industry

2014-10-20

Oct.17, launching ceremony of Blue Book of Shanghai International Shipping Center 2014 was held in Hongkou, Shanghai. The Book disclosed that the credit amount of all banking financial institutions in Shanghai reached 198.4 billion RMB in 2013, increasing by 30.6% with more than 1200 credit customers, rising by 23.4%.

Seeing from financing modes, bank credit and finance releasing are the main financing methods of shipping industry, which has received moderate growth last year.

Analyzing subsectors, the credit line of subsectors in shipping industry upstream saw declining and the credit line of the subsectors in mid-stream and downstream has largely increased.

Which shall be noted that up to the end of 2013, Shanghai Free Trade Zone has set up 8 single ship finance leasing companies, amount to 940 million RMB.

The Book was compiled by Shanghai branch office of Xinhua News Agency and China Financial Information Center.

Source from : CNSS

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