BOC and PICC Launch Integrated Shipping Finance Initiative for Tianjin

2025-12-19 09:11:05 · BOC · UDF Organized

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Bank of China (BOC) and the People's Insurance Company of China (PICC) have jointly unveiled the “Shipping Finance Service Plan to Support High-Quality Development in Tianjin”, reinforcing cross-sector collaboration and leveraging financial synergies to strengthen the regional shipping ecosystem. Tianjin's strategic location, advanced port infrastructure, and favorable policy environment have positioned it as a leading northern hub for shipping finance, with vessel financing volumes consistently at the top nationally and shipping insurance ranking among the highest in northern cities.

Integrated Services to Streamline Shipping Finance

Building on these advantages, the new initiative introduces a “Lease, Finance, Insurance, Settlement” integrated model. BOC has established a dedicated Tianjin Financial Leasing Center, aiming to position the city as a globally influential ship leasing hub. The plan leverages digitalization, standardization, and operational convenience to streamline shipping finance, while a Beijing-Tianjin-Hebei (BTH) collaborative task force coordinates efforts across finance, transport integration, and leasing, ensuring enterprises benefit from a one-stop, full-account system.

Expanding Support for Cross-Border Growth and Key Industries

TWO

Beyond domestic facilitation, BOC's global network empowers maritime companies' international expansion, with targeted support for Tianjin's specialized sectors, such as cold-chain logistics and digital freight networks. To date, BOC Tianjin Branch has provided cross-border financing, FX hedging, and offshore bond issuance solutions, delivered CNY 150 billion in loans for BTH collaborative projects, and offered settlement services exceeding USD 77 billion to over 9,900 shipping enterprises. These efforts demonstrate how integrated financial support can catalyze both regional and global growth.

Driving Tianjin's Evolution as an International Shipping Center

THREE

The launch of this plan is more than a service update—it represents a strategic step toward aligning finance with industry development. By focusing on core shipping needs, optimizing product offerings, and streamlining processes, BOC and PICC aim to enhance Tianjin’s capabilities as a high-level international shipping hub and support the integrated development of the Beijing-Tianjin-Hebei region, creating a model for collaborative, innovation-driven growth in shipping finance.