Financial cooperation forum & signing and inaugurating ceremony was held by Chenzhou Government and China Development Bank, Hunan Branch

It was reported that recently, the financial cooperation forum & signing and inaugurating ceremony was held by Chenzhou Government and China Development Bank, Hunan Branch. Liang Qingkai- President of China Development Bank, Hunan Branch and Yi Pengfei- Secretary of Chenzhou Municipal Party Committee attended the ceremony, and Qu Hai- Deputy Secretary of Chenzhou Municipal Party Committee and Mayor of Chenzhou City hosted the ceremony.

From 2001, China Development Bank worked together with Chenzhou city on some rounds of development finance cooperation. Till the end of this March, 48.629billion yuan has been financed to Chenzhou city via various means, concerning for education, well-being, infrastructure, affordable housing, reconstruction of shanty area, ecological improvement, and etc.

On the symposium, Liang Qingkai stated that China Development Bank tried its best to support the economic and social development of Chenzhou city during “12th five-year plan”. The cooperation between two parties became the typical model of development finance service for its large amount, varied project, wide rand, and deep level. The bank would further innovate the bank-government cooperation and forge the upgraded version during “13th five-year plan” period, such as set up a new special government fund, establish a financing service center, cultivate a batch of market-oriented investment entities, support series of major projects, and etc.

Yi said the symposium indicated that a new stage of cooperation started between two parties. It was not just a docking conference for further cooperation of banks and government, but also was a lecture for expanding financing space, extend financing investment, and upgrading financing effects. Some new visions, ideas, concepts, and models were lectured for the leaders and cadres of Chenzhou city, especially on how to use the innovation, tool, platform and mechanisms of financing to solve the problems during the “13th five-year plan”.

Yi said, China Development Bank is the leader of financial innovation, as well as the pioneer of financial cooperation and real practitioner of financial service. Chenzhou Municipal Party Committee, Chenzhou Government, and Chenzhou People highly appreciated the supports provided by the bank in last years. Yi stated that in order to enhance the cooperation with the bank, Chenzhou city would focus on establishing new increasing pole of Hunan province and improving “five Chenzhou”, structural reform of the supply front and improvement of short boards and transformation development, innovation of financing mechanism and mode, expansion of financing channel, upgrading of financing effects, and the planning, development, engineering, packing, design, implementation, and promotion of key projects.

Yi emphasized that all departments of Chenzhou city should keep pace with the times, be bold in innovation, prepare well for preliminary work, enhance the docking work, and then reach win-win cooperation.

Qu Hai said both municipal level and county level governments should seize the chance to promote the improvement of projects and cooperation with China Development Bank by taking the best advantages of polices and solving narrow-neck problems. Better services should be provided to the bank as well for granting it with sound financial development environment.

The signing ceremony of “memorandum between Chenzhou Government and China Development Bank, Hunan Branch for the promotion of structural reform of the supply front and financial cooperation in ‘13th five-year plan’ ”, “agreement for China Development Bank, Hunan Branch’s support on Chenzhou city’s pilot demonstration of integration of production and town ”, and “agreement of development financing between Chenzhou Urban Investment Group and China Development Bank, Hunan Branch” was held on the conference. An inauguration ceremony for Chenzhou Key Projects Financing and Investment Service Center and Chenzhou Urban Asset Development and Management Co., Ltd. was held on that day as well.

Some municipal leaders of Chenzhou city attended the symposium.