Guangdong Provincial Government and China Construction Bank (CCB) signed Bank-Government Cooperation Agreement in Guangzhou in the afternoon of April 3. During the eleventh five-year plan period, CCB will offer RMB 180 billion capital to support key projects and enterprises development in Guangdong province. Member of the Political Bureau of the CPC Central Committee and Secretary of the CPC Guangdong Provincial Committee Zhang Dejiang, Deputy Secretary of the CPC Guangdong Provincial Committee and Governor of Guangdong Province Huang Huahua, Member of the standing committee of the CPC Guangdong Provincial Committee and Vice Executive Governor Zhong Yangsheng, Vice Governor Song Hai, Chairman of CCB Guo Shuqing, President of CCB Chang Zhenming, Chairman of CCB Supervisory Board Xie Duyang and Vice President of CCB Zhao Lin attended this signing ceremony.

In accordance with this cooperation agreement, CCB will offer RMB 130 billion fund of credit to bolster Guangdong’s economic development in fields of power, transportation, city construction, oil and chemical, manufacturing and etc during the eleventh five-year plan period. And CCB will also provide RMB 50 billion of credit, quality financial services and innovative products to support the growth of Guangdong’s SMEs and featured industries.

Before the ceremony, Zhang Dejiang and Huang Huahua met with Guo Shuqing, Chang Zhenming, Xie Duyang and Zhao Lin, expressing their thanks to CCB and CCB Guangdong Branch’s support to Buangdong’s economic and social development and giving a brief introduction about its development in the tenth five-year plan and its layout for the development in the eleventh five-year plan. Zhang Dejiang said, CCB, as the first state-owned commercial bank among the big four banks to get listed offshore, has explored the way for the reform of state-owned commercial banks and also gained a wide acknowledgment from investors. Finance is the blood and vitals of national economy. Hopefully, CCB can continue to support Guangdong’s economic development and financial growth. During this meeting, Guo Shuqing noted that CCB has received lots of achievements in supporting Guangdong’s reform and development, and after the listing, it will continue to offer capital support and quality and efficient financial services to Guangdong in its economic and social development.

When Huang Huahua delivered his speech at the ceremony, he remarked that CCB and Guangdong province have maintained the sound cooperation relations, in particular CCB had offered great support in the development of infrastructure and basic industries including energy, transportation and communications. Only in the tenth five-year plan period had CCB granted over accumulated RMB 100 billion loans in Guangdong. The Bank-Government Cooperation Agreement will play an important role and give impetus to Guangdong’s progress in a faster and sounder manner during the eleventh five-year plan on the one hand. And on the other hand, it will also provide tremendous commercial opportunities for CCB to make its breakthroughs. This cooperation will definitely enjoy a good future.

Guo Shuqing delivered that since the reform and opening up, Guangdong had scored tremendous achievements and during this process, CCB had always involved itself in and supported Guangdong’s economic growth. This Agreement signed will have a great significance in fully leveraging each advantage of the Bank and the Government, advancing sustainable development of the local economy, and promoting CCB’s business progress in an efficient and sound manner.

At the signing ceremony, CCB Guangdong Branch signed the Bank-Enterprise Cooperation Agreement with Guangdong Airport Management Corporation, Guangdong Yudean Group Co. Ltd., Transportation Group, Midea Group and Baiyun Electric respectively, which signifies a good starting point for Guangdong Provincial Government and CCB’s cooperation.