Hainan FTP: ¥12 bln of credit received by key industrial parks

On June 23th, the Hainan Branches of the China Development Bank and the Export-Import Bank of China, together with seven other financial institutions gave a briefing on their financial policies and products designed for the key industrial parks of the Hainan Free Trade Port in order to better facilitate the flow of financial resources into the parks and meet the financial demands of both the parks and the companies within.

Additionally, several loan contracts with a total credit amount of more than 12 billion yuan were signed between Hainan’s eight major financial institutions and the province’s key industrial parks & companies set up in the parks.

An aerial photo shows the Jiangdong New Area in China’s southernmost province of Hainan, one of the 11 key industrial parks of the Hainan Free Trade Port. (Photo by Hainan Daily)

According to a representative from the Jiangdong New Area Administration Bureau, Jiangdong will continue to formulate new policies for financial institutions to set up in the Park and explore a variety of new financing models for the Park in the future.