China Construction Bank (CCB) and Xiamen Municipal Government held the signing ceremony for Cooperation Agreement of Supporting Xiamen’s Key Projects Construction and Enterprises Development for the Eleventh Five-Year Plan in Xiamen. President of CCB Chang Zhenming and Vice Executive Mayor of Xiamen Ding Guoyan signed the agreement on behalf of each party. In light of the agreement, CCB will offer RMB 50 billion lending to Xiamen’s infrastructure construction, key economic zones development, pillar industries growth and high-end customers to help Xiamen realize its leap-forward development.

President of CCB Chang Zhenming said in his speech that Xiamen, located on the south-east coast of China along the Straits and off the west coast of Taiwan, has it own unique advantages in terms of location. Xiamen is an important port, scenic-tourist city and one of the earliest cities of opening up in China. In recent years, Xiamen’s Municipal Committee and Government, adhering to its scientific development philosophy, based on system and mechanism innovation, have transformed its economic growth method, improved and adjusted its industries structure, and speeded up its reform and opening up to maintain its fast economic development and have scored substantial achievements in all walks of life. Our national economy and the Eleventh Five-Year Plan have put forward that the special economic zone shall continue to play its full role to support the economic development of regions with investment of Taiwan’s businesses to drive regional economic growth. As an important centric city along the western coast of the Straits, Xiamen has geared up for new development chances.

CCB has always collaborated with Xiamen’s development strategy and proactively involved in its economic construction for a long time. During the Tenth Five-Year Plan period, CCB had lent a great deal of fund in the construction and development of port, road, enterprises, education, hospital and etc. to bolster the expansion of private businesses with good asset quality and had established a sound cooperation relationship with the Municipal government. This cooperation 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. CCB will stick to its strategic vision of becoming a world-class commercial bank by providing best services to its customers, rewarding maximum value to its shareholders and offering best development opportunities to its staff, and fully draw on its strong points to offer best and quality financial services for Xiamen’s economic development.

Mayor of Xiamen city Zhang Changping pointed that, on behalf of Xiamen’s Municipal Committee and Government, he would like to express sincere thanks for CCB’s long-term support and deliver his congratulations on the signing of the cooperation agreement between the Government and the Bank for the eleventh five-year plan of Xiamen.  He said, “the eleventh five years is the final five years for Xiamen to realize   modernization goal of becoming a well-off society, the golden period for Xiamen to accelerate its economic growth, and the vital period for Xiamen to make a new leap-forward development come true. In light of the eleventh five-year plan of Xiamen, the government will present lots of investment projects covering infrastructure construction, services and social undertakings, with the intended fixed-asset investment of RMB 320 billion, the unprecedented investment size and scale. To become a well-off society and to take the lead to realize modernization can not be isolated from the support of banks. In the initial period of the eleventh five years, the cooperation agreement between CCB and Xiamen will inject momentum for Xianmen to grow, which can encourage Xiamen to make its goal come real. At present, Xiamen is proactively push forward the development of key cities and tourist cities on the western coast of the Straits. We believe this cooperation will take a win-win situation for the Bank and the Government.”