Banking industry for shipping sector has good prospects
- Details
- Category: Ningbo Business
- Published: Thursday, 19 January 2012 18:12
Zhang Yu, member of CPPCC Zhejiang Committee and vice chairman of CNDCA of Ningbo Municipal Party Committee, proposed to accelerate the development of shipping-oriented banking industry at the Fifth Session of the Tenth CPPCC of Zhejiang.
Zhang Yu said that to speed up the development of shipping-oriented financial industry plays an important role in promoting the transformation and upgrading of Zhejiang economic patterns during "The Twelfth Five Year Plan "period; it would also further promote the development of marine economy in Zhejiang province. It has been a national strategy to develop marine economy of Zhejiang Province. The development of Shanghai's shipping and financial industries provide good opportunities for Zhejiang province. He also pointed out the problems in this area such as low specialization in financial institutions and financing difficulties in shipping industry. At present, the financial institutions mainly provide traditional financial services for shipping industry, and with a limited business range the business expands slowly. Also there is a lack of shipping-related financial talents and lack of policy support.
For this reason, Zhang Yu suggested that the province should vigorously introduce shipping-related financial entities and give scope to various ports of different zones. Meanwhile, by offering various preferential policies, the government of Zhejiang aims to encourage and attract renowned financial institutions from overseas, say, London, Singapore to establish branches and joint ventures here, and other related international leading businesses are also welcome. The government should promote the innovation of shipping-related finance products, and actively encourage banks at home as well as well-known financial institutions overseas to carry out ship financing business in Zhejiang province so as to build a complete ship financing product chain
