Hai Nan Ri Bao·2025-11-21 01:08Core Points - Hainan Development Holding Co., Ltd. has signed strategic cooperation agreements with Ping An Bank and China Merchants Bank, marking a new phase in collaboration aimed at boosting Hainan's free trade port development [1] - Hainan Development Holding is now the first strategic partner of Ping An Bank in Hainan, focusing on integrating quality resources across various fields including comprehensive credit, transaction settlement, retail and technology finance, and industrial collaboration [1] - The partnership with China Merchants Bank aims to deepen innovative business cooperation, sharing new opportunities for development in the free trade port, and achieving mutual benefits [1] Financial Implications - The agreements will enhance Hainan Development Holding's funding assurance capabilities, increase credit scale and flexibility, optimize capital allocation, reduce financing costs, and improve financing efficiency [1] - Financial support will be directed towards key business areas including airport construction and operation, urban comprehensive operation, commercial services, investment and capital operations, clean energy, and new productivity sectors such as low-altitude economy and new energy [1] - The collaboration will leverage the banks' cross-border business advantages to expand the group's domestic and international industrial chains, thereby enhancing market competitiveness [1]