BEIJING, Sept. 14 (Xinhua) -- Shanghai Pudong Development Bank (SPDBank; 600000.SH)) has announced the establishment of a special division, namedOcean Economy FinancialService Center (Zhoushan) to facilitate the development of ocean economy.
In the ocean economy financial sector, the bank will focus on exploration of ocean economy and ocean space utilization, provide whole industrial chain services, and take the BohaiSea region, Yangtze River Delta and Pearl River Delta as main target markets.
Up to now 24.4 billion yuan has been loaned by SPDBank's Zhoushan Branch to local enterprises in industries like port logistics, portside, distant fishery and ocean tourism.
Ji Guangheng, vice-president of SPDBank revealed that the bank would increase branches in Fujian and Guangdong in the future. (Edited by Bai Jiechun, firstname.lastname@example.org)