Bank-steel strategic partners

08:20, December 31, 2010      

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The Bank of Communications has teamed up with Baosteel Group as strategic partners.

The Shanghai-based bank will offer the steel mill a credit line of 50 billion yuan (US$7.5 billion) to support the company's key projects.

The bank will also offer a basket of financial products in a one-stop service for the company in Shanghai.

Source: Shanghai Daily
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