Shandong Port Group (SPG) issued its first medium-term note worth 1 billion yuan ($148.25 million) on June 23, which showcases the achievements SPG has made in integration reform in the capital market, and has helped the group set up a comprehensive financial service system.

Since SPG's establishment in 2019, the company has beefed up efforts to accelerate the construction of a world-class marine port, and is actively integrating into the national development strategies such as the ecological protection and high-quality development of the Yellow River basin. The group has made remarkable achievements in integrating its ports in the past three years, and has developed into a strong world-class port cluster.

According to official data, in 2021, SPG's cargo throughput exceeded 1.5 billion metric tons and its container volumes topped 34 million TEUs (twenty-foot equivalent units), ranking it first and third globally, respectively, with the growth rates exceeding the average level of the national coastal ports in successive years.

Shandong Port Group issues its first medium-term note worth 1 billion yuan on June 23. [Photo/WeChat account: Shandong-Port]