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CDB Plans to Provide 150 Billion Yuan in Loans to Support Forestry Ecological Construction During the 14th Five-Year Plan Period

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Time:2020-11-16  Source:CDB

CDB has recently held an on-site meeting on the role of development finance in supporting forestry ecological construction, with a view to giving a larger play to development finance to help forestry ecological construction reach a higher level. It was pointed out at the meeting that CDB should continue to increase financing support for national reserve forest projects and forestry ecological construction as well as strive to provide forestry loans of 150 billion yuan during the 14th Five-Year Plan period. Zhou Qingyu, Executive Vice President of CDB, delivered a speech at the conference. Li Chunliang, Deputy Administrator of the State Forestry and Grassland Administration, Li Bo, Vice Mayor of Chongqing Municipality, and Song Quanli, General Manager of China Forestry Group Corporation, attended the meeting.

It was stressed at the meeting that CDB should fully understand the important role of forestry ecological construction in putting into practice Xi Jinping Thought on Ecological Civilization, safeguarding national ecological security, serving poverty relief goals and the rural vitalization strategy, and supporting regional coordinated and green development. CDB should unswervingly guide forestry financing work with Xi Jinping Thought on Ecological Civilization. Efforts should be made to scientifically formulate financing plans for forestry ecological construction during the 14th Five-Year Plan period and the period of 2026-2035, to vigorously promote the evaluation and delivery of loans for development of the forestry ecological business, to comprehensively strengthen management on forestry ecological business loans, and to expand both intensively and extensively operations in forestry ecological business. CDB should develop its services to support national reserve forest projects as both a priority and a focused area to facilitate the development of ecological civilization.

At the meeting, officials from the Chongqing Municipal Government fully endorsed CDB’s contribution to the municipality’s economic and social development and ecological construction, hoping that CDB would intensify efforts to assist Chongqing in playing an exemplary role in promoting the green development of the Yangtze River Economic Belt. Officials from the State Forestry and Grassland Administration expected to work more closely with CDB, the principal bank supporting reform and development of the forestry and grassland industry, and continue to jointly make more contributions to forestry ecological construction.

It was reported that during the 13th Five-Year Plan period, CDB has deepened cooperation with the State Forestry and Grassland Administration to actively develop new financing models and vigorously boost poverty relief in the forestry sector. During that period, CDB has granted loans of about 50 billion yuan for key forestry projects, such as national reserve forest projects, to support a number of major projects in 17 provinces and autonomous regions, including Chongqing, Guangxi Zhuang Autonomous Region, and Fujian, Guizhou, Shanxi and Henan Provinces, making the national reserve forest business an important brand of CDB to promote new development concepts.