Investment Dynamics
CDB Boosts the Construction of Changchun New Area
Date:2017/06/30 08:17:00 Author: Source:

To promote the better and faster development of Changchun New Area, China Development Bank (CDB)’s Jilin Province branch, relying on its own innovative advantages and financing advantages, made full efforts to support the new area construction. Up to now, the bank has granted a line of credit of RMB 3.5 billion to the new area’s shantytown reconstruction project, signed a loan contract of RMB 1.658 billion and granted RMB 1.083 billion.

By the end of December 2016, CDB’s Jilin Province branch signed a "development financial strategic cooperation agreement" with Changchun New Area to build a comprehensive strategic cooperative relation. The agreement involves industrial parks, shantytown reconstruction, ecological environment management, new urbanization, transportation and many other cooperation areas, with a total investment of more than RMB 150 billion.

Next step, CDB’s Jilin Province branch will help Changchun New Area to build an international "big customs clearance" system and establish a “One Belt and One Road” north line new city; boost the new area to make full efforts to build an industrial pattern with the advanced manufacturing as the support, strategic emerging industries as the guide, and the modern service industry’s integrated development and modern agriculture as characteristics. At the same time, the bank will further support Changchun New Area to speed up the introduction of quality projects, boost it to rapidly enhance the economic strength and drive the northeast region’s new round of revitalization.

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