On the afternoon of October 29, Wu Jianhuan, Assistant to Division Chief of the Financial Cooperation Division at Shanghai Municipal Office of Finance Service, and Yang Jun, Vice President of Hongkou Subbranch of Shanghai Branch of Bank of Communications, visited Shanghai International Shipping Institute (SISI) to investigate and discuss issues in relation to "cruise finance". The participants also included Li Gang, Deputy Secretary-General of SISI, Cheng Juehao, Deputy Director of the Cruise Economy Institute under SISI, and Chen Huihuang from the Shipping Finance Institute.

Wu Jianhuan made a brief review of the previous researches on cruise finance work. Before this seminar, Shanghai Municipal Tourism Administration, Shanghai Municipal Development & Reform Commission, General Managers from famous domestic cruise lines, the Export-Import Bank of China and Jin Jiang International had conducted environmental analyses on the cruise industry. Combining with the experience of foreign countries in supporting the development of the cruise industry, they suggested special supports for the cruise industry in respect of insurance and credit loans, and classification of the cruise industry into credit-loan inclined subject in order to get supports from commercial banks.

Prof. Cheng Juehao discussed the feasible programs of cruise finance in relation to four components of the cruise industry chain (i.e., shipbuilding industry, cruise operations, cruise ports and cruise tourism). Dr. Chen Huihuang analyzed the enormous potentials for shipping finance in China, and discussed the financing models of cruise ship construction as well as the way to carry out cruise insurance business. Deputy Secretary-General Li Gang put forward the idea of co-founding a Shipping Finance Institute based on market development and research needs. He said that the establishment of the institute will benefit the governments, banks, enterprises and research institutions, helping achieve multi-win results.

Wu Jianhuan and Yang Jun completely acknowledged the necessity of establishing the Shipping Finance Institute, and promised necessary supports and cooperation for relative researches, so as to strengthen the special and designated researches on shipping finance in line with national development policies.