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China Cosco Shipping reaches $26bn financing deal with China Development Bank
China Cosco Shipping Group (Coscocs) has signed a strategic agreement with policy bank China Development Bank (CDB) in Beijing yesterday. Under the agreement, CDB has agreed to provide a total of RMB180bn ($26bn) financing support to Coscocs by 2021 to support business development. Hu Huaibang, chairman of CDB said the agreement demonstrate CDB’s support to …
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