The Chinese vessel designer is earmarking CNY 60m of its own money to set up a joint venture called Changjiang United Financial Leasing (CUFL), Sinocast reported.

It is teaming up with Shanghai Rural Commercial Bank, Wonders Information, Shanghai Yongda Pudong Automotive Trading, Changjiang Economic United Development Group and Zhejiang Expressway on the deal, as well as the Shanghai Shipping Exchange.

The new company will focus on financial leasing covering ships, machinery, medical devices and infrastructure.

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