Under the agreement the Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financial Executives of Hellenic Shipping will establish a collaborative network to stimulate communication among shipping companies and financial institutions from both international shipping centers.
It will see the two parties establish a collaborative network to stimulate communication among shipping companies and financial institutions from both international shipping centers, officials from both sides said.
Greece’s Deputy Minister of Shipping and Affairs and Island Policy, Kostas Katsafados, told the online signing event 10 February that the agreement “will further strengthen the relations of the countries in the financing sector”.
The signing of the agreement symbolises the lasting collaboration and strong bonds between the two maritime centers, said Katsafados.
In recent decades, Greece and China have built a strong complementary relationship based on the sea. Greeks control nearly a quarter of the world’s oceangoing merchant fleet and the synergies with China, the world’s largest exporter, are obvious, he explained.
Greek shipowners have had more than a 1,000 ships built in China’s shipyards over the past 15 years, worth over $50bn, while Chinese banks’ exposure to Greek shipping is $3bn, said Katsafados.
As President of the Association of Banking & Financial Executives of Hellenic Shipping, George Xiradakis expressed members gratitude for the support of both the Chinese Embassy in Athens and the China Classification Society (CCS) that will also play a significant role in promoting such effort that will contribute to strengthening maritime exchanges and cooperation between China and Greece
Huang Hongyuan, representative of the chairman unit of the Lujiazui Financial City Council and vice president of the Bank of Communications, signed the agreement in China, and Xiradakis, president of the Association of Banking and Financial Executives of Hellenic Shipping, in Greece.
He said Shanghai aims to become a world financial and shipping center. Its latest international ranking is No. 6 and No. 3 respectively. As the heart of Shanghai international financial center, Lujiazui Financial City hosts over 40,000 enterprises, 6,000 domestic and foreign financial institutions, and generates GDP of CNY540bn.
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