On December 7, China Development Bank ("CDB") Guangxi Branch entered into a project loan agreement with Guangxi Yuchai Machinery Group, pouring the largest industrial loan of this year into the core enterprise of Guangxi province to support Yuchai Group's research and development as well as technological improvement, promote its independent innovation capability and operation level and further strengthen and enlarge this enterprise. This is a significant measure CDB Guangxi Branch takes to implement the outlook on scientific development and fully support Guangxi's economic construction. The agreement marks the strategic cooperation between the two parties has stepped into an essential stage.

Yuchai Group, one of China Top 500 Enterprises, is China's largest base of internal combustion engine production and small engineering machinery production and export. According to estimates, Yuchai brand is valued at RMB 5.336 billion and is the flagship power brand in China.

CDB Guangxi Branch persistently shoulders promotion of large-scale western development and Guangxi economic development as its own task. As of end of November, 2007, the amount of assets managed by CDB in Guangxi province had reached RMB 75.123 billion, which provides powerful guaranty for the construction of major projects related to national welfare and people's livelihood like those in industrial, power, expressway network, urban construction sectors. (Reporter Wu Mei and Correspondent Shao Jing Report)