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CDB to Provide 300 Billion Yuan of Financing Support to the Guangdong-Hong Kong-Macao Greater Bay Area in 2021

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Time:2021-05-11  Source:CDB

CDB has recently formulated and issued the Work Priorities of CDB for Supporting the Development of Guangdong-Hong Kong-Macao Greater Bay Area and the Construction of Shenzhen Pilot Demonstration Zone in 2021. According to the Work Priorities, CDB will increase its support for key projects in the Guangdong-Hong Kong-Macau Greater Bay Area this year through investment, loans, bonds, leasing, securities and other types of financial services, and provide a total of more than 300 billion yuan of financing for the year. Specifically, more than 250 billion yuan of loans in domestic and foreign currencies will be issued.

The Work Priorities proposed that CDB fully implement the strategic plan of the State Council and the CPC Central Committee on the construction of the Guangdong-Hong Kong-Macau Greater Bay Area in 2021, adhere to its development finance positioning, deepen bank-government cooperation, strengthen bank-think-tank cooperation and planning research, enhance the synergy between parent and subsidiary companies, fully utilize differentiated support policies, actively serve the development of key areas in Guangdong, Hong Kong and Macao Bay Area and Shenzhen Advance Demonstration Zone, and help the Greater Bay Area become an international first-class bay area and a world-class city cluster.

In support of the construction of international science and technology innovation center, CDB focuses on supporting the layout and construction of major science and technology infrastructure in the Guangdong-Hong Kong-Macau Greater Bay Area, helping build a high-level of science and technology innovation carrier and platform, so as to foster a number of platforms and centers for industry-academia-research integrated development, industrial technology innovation, manufacturing innovation and enterprise technology development. CDB also supports the key core technology initiative, facilitates key technology breakthroughs in key core components, high-end equipment, basic software and other areas. In the meanwhile, CDB develops new IPR guarantee methods to provide IPR financing services for more asset-light high-tech enterprises.

In terms of serving to build a modern industrial system with international competitiveness, CDB supports the development of new-generation information technology and semiconductor industries represented by 5G and integrated circuits, as part of an effort to cultivate strategic emerging industries. Through means such as manufacturing cooperation programs and subloans, CDB supports manufacturing SMEs and technology-based SMEs, supports the security and stability of the industrial chain supply chain and its optimization and upgrading, explores the construction of a new value chain financing ecology, and helping green industries transform and develop with high quality.

In terms of the construction of infrastructure connectivity, CDB puts the focus on supporting the construction of world-class airport clusters, and helping to promote the development and interaction of airports in the Greater Bay Area. CDB boosts the construction of rapid transportation network in the Greater Bay Area, builds an intercity rapid transportation network with high-speed railroads, and strives to achieve one-hour access between major cities in the Greater Bay Area. CDB supports the structural reform of the energy supply side in the Greater Bay Area and optimizes the energy structure and layout. It also assists in the construction of water resources guarantee system and improves water infrastructure construction. Moreover, CDB steps up support for new infrastructures, such as information and communication, rail transportation, logistics and circulation.

Meanwhile, CDB will also actively promote the connectivity of financial markets in the Greater Bay Area in 2021, serve the construction of the "soft connectivity" mechanism, and explore special funding models for international business. CDB will support the construction of a quality living area that is suitable for living, working and traveling, help the construction of a guaranteed housing system, support the orderly promotion of urban renewal in the Greater Bay Area, serve the in-depth implementation of the rural revitalization strategy, and comprehensively promote the integrated development of urban and rural areas. CDB will serve the construction of a new pattern of all-round opening up, and support high-quality leading enterprises in the Greater Bay Area to "go global".

In addition, CDB has recently issued the Action Plan for Development Finance to Support the Construction of Shenzhen as a Pilot Demonstration Zone of Socialism with Chinese Characteristics (2021-2025). Under the strategic guidelines of the CPC Central Committee and the State Council on Shenzhen as a pilot demonstration zone, and based on the institutional positioning of CDB, the Action Plan focuses on key areas such as science and technology finance, industrial finance and urban finance, and proposes a series of initiatives to provide financing, expertise and institutional services for the construction of Shenzhen as a pilot demonstration zone.