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|  | | First ship financing settled in Putuo |
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¡¡¡¡With Zhoushan Port Authority's Putuo Branch pulling the strings, the first ship specialty finance and insurance company- Zhejiang Pengcheng Guaranty Co., Ltd. -settled in Putuo. This year, the company plans to introduce RMB120 million to support the development of shipping enterprises in Zhoushan.
¡¡¡¡Zhejiang Pengcheng Guaranty Co., Ltd., set up in Ningbo last March, is the only ship specialty finance and insurance company approved by the Construction Bank of China head office. According to nearly RMB 100 million registered capital scale, Pengcheng Guaranty Co., Ltd. could operate RMB1 billion in loan business per year.
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