China offers ship finance trusts

First vehicle of its kind is alternative to bank loan

Sandra Tsui - Wednesday 12 November 2008

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...

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