SCO demonstration zone inks cooperation deals with financial institutions
China DailyThe China-Shanghai Cooperation Organization Demonstration Zone for Local Economic and Trade Cooperation established comprehensive strategic cooperative relations with financial institutions Dec 28. The SCO demonstration zone establishes comprehensive strategic cooperative relations with financial institutions Dec 28. The SCO demonstration zone will promote opportunity sharing and win-win cooperation with financial institutions in resource allocation, policy coordination, industry research, investment and financing services and other fields, Zhou said. From October 2020 to December this year, the Qingdao Branch of China Development Bank lent 1.15 billion yuan to the SCO demonstration zone and Jiaozhou for project construction. The Export-Emport Bank of China Shandong Branch has supported enterprises and projects in SCO demonstration zone with a total loan amount of about 4.3 billion yuan.