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China : CSIC, CITIC Group inks Collaborative deal

June 21, 2014

In China, China Shipbuilding Industry Corporation (CSIC), one of two giant shipbuilding groups inked a strategic contract with CITIC Group at Wuchang Shipbuilding Industry Co. (WSIC), its associate firm.

As per the terms of deal, both the firms would collaborate in areas of financing, equipment manufacturing, infrastructure development and project contracting.

CITIC Group, which operates China CITIC Bank, would be rendering a series of solutions to WSIC on bond issuing, project financing and supply chain finance.

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Source: TendersInfo (India)

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