China offers ship finance trusts

First vehicle of its kind is alternative to bank loan

FINANCIERS in China have launched the country’s first shipping investment trust as an alternative to traditional bank debt.

Shanghai-listed financial institute Anxin Trust & Investment introduced the Yuan Cheng No.1 — Ship-Pledged Loan Capital Trust Programme yesterday in Shanghai.

The scheme aims to raise Yuan150m-Yuan170m ($22...

The rest of this article is only available to Lloyd’s List Library subscribers

Already a subscriber? Log in below


Forgotten your password?