Dalian: CITIC Bank announced that it has sealed a deal with Qingdao Qianwan United Container Terminal Co (QQCTU) to provide RMB600m financing to support the development of the company.

QQCTU is a joint venture between China Merchants Group and Qingdao New Qianwan Terminal (QQCTN), which was jointly established by Qingdao Port, DP World, Cosco Pacific, Maersk and Pan Asia International Shipping.

CITIC Bank said it will further deepen cooperation with Qingdao Port in future.