In the first half of 2020, CDB provided a total of 200.2 billion yuan in financing for the Guangdong-Hong Kong-Macao Greater Bay Area to support its development in key fields including infrastructure connectivity, scientific and technological innovation for industrial modernization, and environmental protection. The goal is to help the greater bay area develop into a major driver of China’s high-quality development and the building of a moderately prosperous society in all respects.
In Guangdong Province, CDB has been vigorously supporting key projects concerning infrastructure construction and environmental protection in the greater bay area. Since the beginning of 2020, CDB has provided 9.7 billion yuan in loans to support the construction of the Yinzhouhu Expressway, which will deepen the integration of Jiangmen and other cities along the expressway in the city cluster of the greater bay area and strengthen infrastructure connectivity within the area. CDB has also provided 4.03 billion yuan in loans for aquatic ecology projects in Dongguan, with a view to building a complete sewage collection and treatment network in the city and thus promoting environmental improvement and sustainable development in the greater bay area.
In Shenzhen, CDB has made vigorous efforts to support the development of high-tech companies based in the city. Since the beginning of 2020, CDB and the municipal government of Shenzhen have jointly launched a special cooperation mechanism for epidemic prevention and control and resumption of work and production and another one for micro, small, and medium-sized high-tech manufacturers. Under the two mechanisms, CDB provides preferential loans for government-recommended companies. In the first half of 2020, CDB granted a total of 8 billion yuan in loans to 34 high-tech companies through the mechanisms. Meanwhile, CDB has been working with two state-owned policy-based guarantee institutions to implement a pilot program focused on supporting small and medium-sized high-tech companies through development finance. In the first half of 2020, a total of 270 million yuan in loans were provided through the program, benefiting more than 30 small and medium-sized enterprises specializing in fields such as 5G, medicine and medical equipment, and high-end manufacturing.
In June 2020, a syndicated loan agreement worth 35 billion HKD was signed between 21 banks and Airport Authority Hong Kong to support the construction of the third runway at the Hong Kong International Airport. As the lead bank of the loan syndication, CDB Hong Kong Branch will provide 10 billion HKD to finance the construction. According to estimates, after the construction is completed, Hong Kong airports will have a passenger capacity of 100 million persons and a freight capacity of 8.9 million tonnes per year, further consolidating the position of Hong Kong as an international airline hub.
In 2019, CDB developed the CDB Action Plan for Supporting the Development of the Guangdong-Hong Kong-Macao Greater Bay Area (2019-2022) in accordance with the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area promulgated by the Chinese central government. As specified in the action plan, CDB will provide a total of 1 trillion yuan in financing for the greater bay area in the period from 2019 to 2022. As of the end of June 2020, 540 billion yuan had been delivered.
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