BEIJING, Aug. 30 (Xinhua) -- Industrial and Commercial Bank of China (ICBC) will provide 100 billion yuan in financing for the development of marine economy in five year, according to a guideline jointly released by Natural Resources Ministry and ICBC.
According to the document, the development of key areas, including transformation of traditional marine industry, development of marine emerging industry, promotion of marine service, construction of major marine infrastructure and green development of marine economy, will be supported. And financial support will be provided to northern, eastern and southern marine economic circles, as well as the Belt and Road marine cooperation.
Meanwhile, ICBC will launch a package of diversified marine financial service products, serve a number of sea-related key enterprises, support a series of major marine projects, and promote the transformation of the marine economy from high-speed growth to high-quality development. (Edited by Bao Nuomin, baonuomin@xinhua.org and Tong Wei, tongwei@xinhua.org)
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