72363
Iran, China Sign $10 Billion Finance Deal
Iran, China Sign $10 Billion Finance Deal

Iran, China Sign $10 Billion Finance Deal

Iran, China Sign $10 Billion Finance Deal

China's CITIC Trust will extend $10 billion credit line for supporting projects in lran, based on an agreement signed between the company and five Iranian banks at CITIC Group headquarters in Beijing on Thursday.

Export Development Bank of Iran, Bank of Industry and Mine, Parsian Bank, Bank Pasargad Iran and Refah Bank are designated to act as the agent banks for using the Chinese finance on water management, energy, environment and transport projects in Iran, the official news portal of the Iranian government reported.

The Iranian delegation, headed by Valiollah Seif, the governor of the Central Bank of Iran, has traveled to China in an attempt to enhance bilateral banking relations.

The Iranian mission is scheduled to sign a memorandum of understanding with the Development Bank of China on financing construction and production projects worth €15 billion. 

The mission is also set to hold a meeting with China Banking Regulatory Commission (CBRC).

The Beijing-based CITIC Group Corporation, formerly the China International Trust and Investment Corporation, is a state-owned investment company established in 1979. It now owns 44 subsidiaries, including China CITIC Bank, CITIC Holding, CITIC Trust Co. and CITIC Merchant Co. Ltd in China, Hong Kong, the United States, Canada, Australia and New Zealand.

Short URL : https://goo.gl/CEu6yi
  1. https://goo.gl/6YiBBS
  • https://goo.gl/FLsczb
  • https://goo.gl/KHXgMV
  • https://goo.gl/DaFLfJ
  • https://goo.gl/hUivbw

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Watermelon Exports  Exceed $100m
Iran exported 569,974 tons of watermelon worth $106.42 million...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus