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Bank Provides Huge Credit to Boost Chain-Store Business
The Shanghai Pudong Development Bank will provide the Shanghai Friendship (Group) Co., Ltd. with nearly two billion yuan of credit to boost the chain-store's business in the top commercial center of China.
Under the agreement signed Monday, the bank will provide 650 million yuan of credit annually over the next three years to Shanghai Friendship, a large commercial conglomerate and the leading chain-store business in city.
Jin Yun, president of the bank, said that his bank will also provide a series of financial services to the company to ensure its smooth operation.
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