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Article: China : BDA obtained RMB 115 bln credit line from 8 Chinese banks.
- Article from:
- TendersInfo
- Article date:
- September 30, 2009
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Beijing Economic-Technological Development Area, or BDA, Thursday signed strategic cooperation agreements with eight Chinese banks.
Pursuant to the agreements, the eight banks will provide a total of RMB 115 billion in credit line to BDA. The eight lenders include China Construction Bank Corp, Bank of China, Agricultural Bank of China, Bank of Communications, Industrial Bank Co Ltd, China Everbright Bank and Shanghai Pudong Development Bank.
BDA will enjoy priority financial support from the eight banks in areas such as credit policy, credit scale, establishment of financing channels and allocation of scientific and technological resources. The funds ...