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ADBC signs financing agreement with Fuzhou marine industrial park
Updated: 2012-12-10

A management committee preparatory group from Fujian-Taiwan (Fuzhou) Blue Economic Industrial Park and the Fujian provincial branch of Agricultural Development Bank of China (ADBC) signed a cooperation framework agreement on Dec 6.

According to the agreement, ADBC will provide a credit line of 7 billion yuan ($1.12 billion) to support the park’s construction.

Construction of the Fujian-Taiwan (Fuzhou) Blue Economic Industrial Park started this September. Located in Xinghua Bay, Fuqing city, the industrial park will cover an area of 60 square kilometers and is supported by the Jiangjing Overseas-Chinese Farm. It will be positioned as a provincial high-tech industrial park, an innovative leader in marine economy, and a west-Straits marine industry R&D transformation base.

The cooperation will accelerate investment and financing system innovations and infrastructure construction in the industrial park, ushering in a new era of cooperation between government, banks and enterprises.

Edited by Lin Hong, Chen Chen and Michael Thai