The Shipbuilding Finance Center of China Development Bank (CDB) signed a financing cooperation agreement with Reignwood International Leasing (Reignwood Leasing) on June 20.
According to China’s official news agency People.com, the agreement is involved in CDB providing CNY 10bn ($1.64bn) loan to Reignwood Leasing as an innovative model of 'loan cooperation' to help charter offshore facility.
The offshore facility is a fundamental growth engine for Chinese offshore economic development as a strategic industry in line with the 18th Party Congress' guiding principle of "building a maritime power".
The cooperation between CDB and Reignwood Leasing is one of the most imperative measures to take for upgrade and development of Chinese offshore facility, expected to greatly contribute to Chinese offshore facility industry in the future.