First batch of opening Tianjin FT accounts for more new low-cost financing channels
On December 6, 2019, MSFL became one of the first batch of enterprises in Tianjin to open FT accounts and complete business landing on the day of launch. We obtained a working capital loan of US $200 million from China Merchants Bank Tianjin Branch at a comprehensive cost of 3%, and made new achievements in expanding MSFL's low-cost financing channels and supporting overseas liquidity. At the launch ceremony of FT account business in Tianjin on the same day, Zhou Wei, Chairman of MSFL, was invited to attend the ceremony on behalf of the first batch of 6 FT account handling enterprises, to witness the launch of the system together with relevant leaders of Tianjin Municipal Government, the Head Office and Tianjin Branch of People's Bank of China and the sponsor party from China Merchants Bank.
