China Merchants Bank (SHA: 600036, HKG: 3968) said Wednesday it has signed a long-term financial pact with the Civil Aviation Administration of China (CAAC). It is the first partnership between a commercial lender and the CAAC. China Merchants Bank said it will offer a combined ¥30 billion to airline carriers for advancing airport facilities over the years to come.

$1 = ¥6.8


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