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Finance Harbor to get 5b yuan banking credit
(chinadaily.com.cn)
Updated: 2009-03-30 15:29

Five banks will extend a total of 5 billion yuan in banking credit to the Advanced Business Park (ABP) in Beijing.

China Construction Bank, Bank of Communications,Beijing Bank, Shenzhen Development Bank and Hangzhou Bank jointly inked agreements with the ABP on March 28 to support the construction of a new 660,000 sq m area in the ABP to be called “Finance Harbor.”

A total of 400 enterprises have set up their regional or national headquarters in the emerging business area in southwestern Beijing. The park will target financial enterprises in the newF inance Harbor with a total investment of 6.6 billion yuan.

Part of the area was completed last year and the overall construction will be finished late 2010.