Recently, Bank of China and PICC jointly released the "Service Plan for Jointly Supporting the High-Quality Development of Tianjin Shipping Finance" (hereinafter referred to as the "Plan"). This marks another instance of cross-sectoral cooperation between the two financial institutions, which will continue to pool financial resources to systematically support the development of the shipping industry chain and ecosystem.
It is understood that the "Plan" will work with the government and relevant regulatory departments to promote the sharing of enterprise needs and the integration of resources, build a new mechanism driven by "intellectual integration and financial integration", form a collaborative development pattern of "government, banks, insurance, and enterprises", and comprehensively enhance the comprehensive service capacity of the core area of international shipping in the north.
