Beijing - COSCO SHIPPING Development and Standard Chartered Bank (China) Limited have entered into a framework agreement focused on transforming the container industry chain and fostering sustainable finance, which includes a committed credit line of 3 billion yuan. The signing of this cooperation agreement is set to enhance ongoing information exchange between the two organizations at national, regional, and global scales. It will also deepen their joint efforts in transition financing, liquidity, and risk management, alongside promoting green and sustainable development initiatives. This move aims to bolster high-quality advancements in the ESG field.

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