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Dalian provides site for export financing
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Dalian provides site for export financing

Dalian provides site for export financing

A meeting to bring together banks and foreign trade companies, in Dalian, Liaoning province, on May 23, drew more than 150 representatives of foreign trade companies and financial institutions, including the Bank of China, the Agricultural Bank of China, China Construction Bank, Export-Import Bank and the Liaoning Branch of China Export & Credit Insurance Corp.

The idea was to provide a site where enterprises and banks could cooperate and facilitate communications face-to-face and help enterprises raise funds from financial institutions. As a result, there was a call for 582 million yuan ($94.98 million) in funds.

The foreign trade companies explained their operations, assets and financial needs, for which the financial institutions offered advice and arranged follow-up contacts.

The sponsors, the Dalian Foreign Trade and Economic Cooperation Bureau and the Provincial Foreign Trade and Economic Cooperation Bureau, noted that the meeting was just the beginning and that they will help the two parties cooperate and help Dalian's foreign trade companies establish long-term cooperation with financial institutions and gain more access to more capital.

Edited by Zhao Qian and Roger Bradshaw