One of China’s joint-stock commercial banks has serve as a main investor for the first bond issue in the country that seeks to raise funds for Belt and Road-related tech innovation.
China Everbright Bank was one of the keystone investors for a 1 billion yuan issue of tech innovation corporate bonds by Guangzhou Port Co.
Funds raised by the issue will be used to drive the modernisation and digitisation of facilities at the port of Guangzhou.
Guangzhou Port Co. is the main operator at the port of Guangzhou – the largest comprehensive shipping hub in the south of China.
