Hainan Agricultural Bank granted a loan to the headquarters of a free trade port in Hainan, China at 2.5 billion dollars

Hainan Agricultural Bank is innovating and expanding opportunities in the process of building the Hainan Free Trade Port by focusing on the Smart + series of products and services to improve financial viability.


Hainan Agricultural Bank has actively responded to the offshore trading pilot project at the free trade port and has provided the province's first offshore trade finance loan - more than $ 17 million in interbank trade finance under the offshore trade project. Volume of billing transactions for import letters of credit in the project exceeded US $ 49 million, which has accelerated the improvement of the financial openness of the Hainan Free Trade Port, as well as the promotion of innovation and trade and investment.


At the same time, Agricultural Bank of Hainan actively serves the economy of the Hainan headquarters, with a focus on the docking of large landing projects and vigorously supporting key investment ventures. To date, it has successfully docked more than 400 projects, of which more than 80 projects have financial intentions, and the funding requirement exceeds RMB 35 billion. The company has already approved the issuance of loans worth approximately US $ 2.5 billion.


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