Industry Transformation & Upgrade

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Industry Transformation & Upgrade

Industrial restructuring and optimization are an important means of accelerating the economic growth model transition, as well as a central issue for shifting economic growth engines.

In 2015, CDB continued to play its role as a development finance institution and further tapped into its advantages in market building, innovation-driven development and “guidance funding”, combining financial system innovation with real economic development, and credit structure optimization with the “Made in China 2025” strategy to strengthen risk prevention and control, boosting industry development and actively supporting the successful completion of the 12th “Five-year Plan”.

(1) Innovation of the diversified investment and financing mechanism, and increased funding support. We arranged RMB117.3 billion of special national construction funds to boost industry development, in an effort to optimize investment structure and increase effective investments; we granted a total of RMB374.2 billion of loans to the manufacturing industry to promote integration of industrialization and informatization and speed up industry transformation and upgrade toward intelligent manufacturing.

(2) A focus on high-tech businesses to foster new economic growth drivers. Guided by the state’s innovation-driven development strategy, we increased investment and financing supports for major innovation initiatives including key technical projects and application of technological research result in areas such as high-end equipment, intelligent manufacturing, new-energy vehicle, new material, etc. Supports were offered to a group of world-class technology enterprises represented by BOE Technology (Fuzhou), and outstanding loans granted to strategic emerging industries totaled RMB787.7 billion in 2015.

(3) Restoring vitality in traditional industries, and expanding the scope for new development. Giving priority to traditional industries especially M&A, technical transformation, branding and product upgrade among large backbone enterprises suffering from overcapacity, we supported the establishment of Shenyang machine tool internationalization R&D system and other relevant projects. The value of outstanding M&A loans at CDB amounted to RMB52.7 billion in 2015.

(4) Underwriting the “One Belt and One Road” initiative, with a new high registered in international business activities. We continued pushing forward international production capacity and equipment manufacturing cooperation focusing on the implementation of key projects, facilitating Chinese high-end equipment (e.g. drilling platform) manufacturers “going abroad” – outstanding loans for overseas nuclear power, high-speed rail, etc. manufacturing projects reached RMB134.5 billion.

(5) Facilitating industry structure optimization and improving regional economic coordination. Efforts were made to step up research regarding regional strategic emerging industry cluster development pilots in Jiangsu, Anhui, Hubei, Guangdong and Shenzhen; push forward regional industry credit structure adjustments to facilitate industrial agglomeration and industry ecological development, focusing on industrial gradient transfer from eastern regions to central and western provinces including Sichuan, Chongqing, Hubei and Henan – outstanding manufacturing loans granted to central and western regions reached RMB226.2 billion in 2015.

(6) Promoting industry development and financing model innovations through improved bank-government cooperation mechanism. In 2015, CDB and relevant ministries and commissions signed the Cooperation Agreement on Supporting Transformation, Upgrade and Innovation-driven Development of National Economic and Technological Development Zones, Strategic Cooperation Framework Agreement on Jointly Pushing Forward Urban Underground Utility Tunnel Construction, Strategic Cooperation Memorandum on Joint Promotion of Development Finance for Environmental Protection, Financial Cooperation Agreement on Enhancing Radio and Television Broadcasting Capacity and Accelerating the Next-General Radio and Television Network, etc.