China Construction Bank (CCB) and Shenzhen Municipal Government (the Government) held the ceremony for signing the Financial Cooperation Agreement in Shenzhen on April 5. President of CCB Chang Zhenming and Mayor of Shenzhen Xu Zongheng attended this ceremony and delivered speeches. Deputy President of CCB Zhao Lin and Vice Manor of Shenzhen Chen Yingchun were present and signed the agreement on behalf of each party. In accordance with the Financial Cooperation Agreement, CCB will offer RMB 80 billion or equivalent foreign currency of credit to support its infrastructure construction projects and the development of basic industries including transportation, energy, logistics, education, culture, water and environment, and to provide RMB 20 billion of credit to bolster the development of Shenzhen’s SMEs and industries with Shenzhen’s characteristics, so that CCB can take all efforts in promoting its adjustment of economic structure and economic growth.

During President of CCB Chang Zhenming addressing this ceremony, he noted that Shenzhen, located on the front side of pearl river delta and near to Hongkong, has its own unique advantage in location. As the economic special zone for China’s reform and opening up and the first national self-innovative city in the country, Shenzhen has maintained a fast economic growth and scored tremendous achievements in all social undertakings with the correct guidance of Shenzhen Municipal Committee and the Government in recent years.

CCB has always proactively involved in and supported Shenzhen’s economic development for a long time by means of closely cooperating its region development strategy. For example, CCB granted a great deal of fund of credit to the construction of Shenzhen’s pillar industries. It has offered over RMB 200 billion accumulated credit to Shenzhen’s key infrastructure projects including Shenzhen airport, Yantian harbor, Guangzhou-Shenzhen railway, Dongshen Water Supply project and Dachan Bay port.  While bolstering national large and mid major enterprises development, CCB still continued to strengthened its efforts in providing credit to SMEs and featured industries and always maintained a sound cooperation relationship with local government. This cooperation will play a significant role in fully using common advantages of finance and government, promoting Shenzhen to improving its self-innovative capabilities and foreign economics strength, leading to realize the optimization of economic structure and the transformation of economic growth method, advancing the effective development of CCB’s all business lines and jointly establish a sound financial environment. CCB will draw on the entire advantages to provide quality and efficient financial services for Shenzhen’s economic growth, sticking to its strategic vision of becoming a world-class commercial bank by offering best services to customers, maximizing best return for shareholders and providing best development opportunities for staff.

At the signing ceremony, Mayor of Shenzhen Xu Zonghen remarket, CCB, as the first state-owned commercial to go public in overseas market, has ranked as the No. 6 global listed bank by market capitalization. Shenzhen Municipal Committee and government on this occasion extended its heartfelt congratulations on CCB’s achievements.

Shenzhen’s fast and sound economic development cannot be isolated from CCB and other financial institutions’ support. This year is the starting year for Shenzhen’s eleventh five-year plan. Shenzhen municipal government will speed up the establishment of the financial center in the region and national self-innovative city, promote the improvement and adjustment of industries structure, and take vigorous efforts in the development of logistics and culture. All these will definitely present both challenges and opportunities to Shenzhen. Yet during this key period, the 5-year ahead support from CCB will surely inject new momentum to the development of Shenzhen’s key enterprises, SMEs, high-tech companies and other good organizations and also necessarily push forward Shenzhen realizing its goals in the eleventh five-year plan at a early day.  

Chairman of CCB Guo Shuqing and Secretary of the CPC Shenzhen Municipal Committee Chairman Li Hongzhong were also present at the signing ceremony.