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Tianjin East Port receives investments from 12 companies


HSBC Holdings Plc, China Merchants Bank Co. and Mapletree Logistics Trust are among the 12 companies that have signed preliminary agreements to invest in Tianjin East Port, China Daily said, citing Hao Yunhui, deputy director of Tianjin Port (Group) Co.'s department of investment.

So far, nine preliminary agreements have been signed and Hao said a further 16 agreements of intention might be signed in the near future.

The port, with an expected area of 10 sq km, will be the largest free port in China. It will enjoy preferential policies on financing and tax compared to another free port, Yangshan Free Port.

From: China Knowledge  2007-02-09 15:17

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Editor: Zhang Jialu
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