Pudong bank links up with Baosteel
By Hu Xiaocen |
April 17, 2012, Tuesday
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Print Edition
Print Edition
SHANGHAI Pudong Development Bank signed a strategic cooperation agreement with Baoshan Iron and Steel Co yesterday to provide a full range of financial services to China's largest listed steel maker.
The Shanghai-based bank said it will offer credit support to the steel maker, especially in project finance, merger and acquisition loans, trade finance and green credit.
Xu Lejiang, chairman of Baosteel, said green credit has great prospects in the future and the bank is chosen because it provides the financial services the firm needs, such as energy management contract.
The bank said it has tied up with the steel maker and its subsidiaries in metal packaging, industrial gas, iron and steel trade, energy saving and environmental protection as well as financial investment.
The Shanghai-based bank said it will offer credit support to the steel maker, especially in project finance, merger and acquisition loans, trade finance and green credit.
Xu Lejiang, chairman of Baosteel, said green credit has great prospects in the future and the bank is chosen because it provides the financial services the firm needs, such as energy management contract.
The bank said it has tied up with the steel maker and its subsidiaries in metal packaging, industrial gas, iron and steel trade, energy saving and environmental protection as well as financial investment.
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