OREANDA-NEWS. April 25, 2013. Shenzhen Municipal Government and China Development Bank held senior meeting and signed cooperation agreement, further deepening strategic cooperation of both parties, and promoting new urbanization development of special zone together. Shenzhen Municipal Committee Secretary-general & Mayer Xu Qin, President of China Development Bank attended the meeting.

During the meeting, Wang Rong expressed: For long time, China Development Bank has been strongly supporting economic and social development of Shenzhen. 2013 is key transformation year for Shenzhen to implement the “12th Five-year” Plan, hopefully, China Development Bank exerts its advantages in middle and long-term investment and financing and general finance service, deepening investment and financing cooperation with Shenzhen, and making new contribution for Shenzhen to construct international and modernized innovation city and continuing to be pioneer for reform and opening-up and scientific development.

Zheng Zhijie expressed: Thanks to Shenzhen Municipal Committee and government’s strong support to China Development Bank for long time. China Development Bank will further deepen strategic cooperation with Shenzhen, continue to play the role as Development-based Finance Strategy Cooperation Committee, support major projects involved of Shenzhen livelihood improvement and industry transformation and upgrade, and play bigger role for Special Zone to realize stable quality growth and sustainable and comprehensive development.

Before the meeting, Shenzhen Branch of China Development Bank signed four investment and financing cooperation agreements for key fields and major project in 2013 with Shenzhen Municipal Development and Reform Committee, Planning National Land Committee and Housing Construction Bureau respectively, with the contents referring to integrated construction, new urbanization planning and cooperation, land preparation and guarantee housing construction etc in Shenzhen Special Zone. Finance Company of China Development Bank also signed cooperation agreement on establishing Qianhai Headquarters and Cooperation and Development Function Unit with Qianhai Administration. Based on above cooperation agreements, China Development Bank will provide 30 billion Yuan of financing amount for above key fields, and 100 billion Yuan of investment and financing project cooperation amount during three years after “12th Five-year”.

It is said that, by the end of 2012, local currency and foreign currency balance of Shenzhen Branch of China Development Bank will reach 214.6 billion Yuan, accounting for 10% of loan balance in the whole city, becoming important financial strength for supporting the development of special zone. Especially since signing development-based finance cooperation agreement with Shenzhen in 2011 and 2012, and establishing Development-based Finance Strategy Cooperation Committee, this bank exerts its general finance service advantages in “investment, loan, debt, rent and certificate”, supporting the fields development including infrastructure, city construction, livelihood and “walking out”, accumulatively committing 111 billion Yuan of loan, providing 65 billion Yuan of cooperation project financing, providing first sum of bank loan for Qianhai Development, and strongly promoting the development of new urbanization in Shenzhen.