China Development Bank (CDB) held the 2022 Party Building and Operation Conference in Beijing from January 13 to 14, summarizing the Party building and operation work in 2021 and arranging key tasks for 2022. Zhao Huan, Secretary of the Party Committee and Chairman of CDB, attended the conference and delivered a speech; Ouyang Weimin, Deputy Secretary of the Party Committee and President of CBD, delivered a report on the bank’s operation; Zhou Qingyu, member of the Party Committee and Executive Vice President of CDB, presided over the conference; Song Xianping, member of the Party Committee and Chief Inspector of Discipline Inspection and Supervision in CDB, Zhang Hui, member of the Party Committee and Executive Vice President of CDB, and Liu Jin, member of the Party Committee and Executive Vice President of CDB, attended the meeting.
On the conference, it was pointed out that over the past year, CDB, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, thoroughly implemented the decisions and instructions of the CPC Central Committee and the State Council and adhered to the principle of attaching equal importance to both Party building and business operation. It promoted the learning and education of the histories of the Party, fully supported the inspection tour of the CPC Central Committee and reinforced the mission of development finance, continuing to lend greater support to the real economy. It made solid efforts to prevent and control financial risks, and assisted to achieve a good start for the “14th Five-Year Plan” period. CDB achieved fresh results in various lines of business, and accomplished all the targets and tasks for the year. In 2021, CDB extended loans of 2.99 trillion yuan in both domestic and foreign currencies, with an increase of 650 billion yuan in CNY loans, providing strong support to the development of key areas and weak areas of the national strategies.
It was also pointed out on the conference that over the past year, for what is of vital importance to the nation, CDB shouldered great responsibility and actively brought into play the role of development finance. It issued loans totaling 1.76 trillion yuan to support new infrastructure and new urbanization initiatives and major projects, expanding effective investment. It created a special loan scheme to support scientific and technological innovation and basic research, granted 491.7 billion yuan of loans to advanced manufacturing and strategic emerging industries, and provided special financial services for the development of key industrial chains. It supported the implementation of major regional strategies and coordinated regional development strategies, with steadily increased proportion of CNY loans in key provinces and regions. It issued 566.3 billion yuan of green loans to promote the green development, provided the special financial services of “100 billion yuan credit for 100 counties” for solid waste and sewage treatment in rural areas at the county (district) level, and provided financial services for energy guarantee and supply, with the growth rate of loans for green and clean energy industries exceeding the average growth rate of all loans issued by the bank. It supported the opening-up and development, and the stability of foreign trade and foreign investment as well as the high-quality development of the Belt and Road Initiative (BRI). It launched the campaign “I do practical things for the masses”, aligning efforts to consolidate the fruits of poverty alleviation efforts with rural revitalization, and actively supported the revitalization and development of old revolutionary base areas, granting 235.5 billion yuan of loans to support the development of small and micro businesses, and 37.9 billion yuan of student loans. It also continuously promoted risk prevention, mitigation and disposal, carried out the measures identified in Year of Internal Control Management, and further improved the governance capacity and management level of CDB.
As stressed on the conference, in 2022, CDB, following the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, will put into action the guiding principles of the 19th National Congress of the CPC and the plenary sessions of the 19th Central Committee of the CPC and implement the decisions and arrangements of the Central Economic Working Conference. Taking advantage of the fruits of Party history learning and education, CDB will carry forward the great founding spirit of the Party, and support the rectification efforts of the disciplinary inspection of the CPC Central Committee. It will uphold the underlying principle of pursuing progress while ensuring stability, comprehensively put into practice the new development philosophy in a complete and accurate manner, actively promote and become part of the new development paradigm, and promote high-quality development. It will deepen the reform and innovation, integrate development and security, bring into better play the role of development finance to keep stability on the six fronts including employment, the financial sector, foreign trade, foreign and domestic investments, and expectations, and ensure security in the six areas of employment, basic living needs, operations of market entities, food and energy security, stable industrial and supply chains, and the normal functioning of primary-level governments. It will also make contributions to stabilizing the macroeconomic market, so as to greet the 12th National Congress of the CPC with outstanding achievements.
In terms of serving the real economy, firstly, CDB will actively serve the cross-cyclical and countercyclical adjustment, fully support the proactive fiscal policy, and accurately implement the prudent monetary policy, thus enhancing the stability of the growth of its total credit. It will also improve the credit structure and took multiple measures to deliver benefits to the real economy. Secondly, it will help implement the strategy of expanding domestic demand, actively gear itself for the 102 major projects in the Outline of the 14th Five-Year Plan and other major projects identified in state-level special plans, and promote the early implementation of major projects such as new infrastructure, new urbanization, and energy, transportation, and water conservancy. Thirdly, it will support the independent development of advanced science and technology, help strengthen the national strategic science and technology force, and boost the core competitiveness of the manufacturing industry. It will launch a campaign of special financial services to complement and strengthen the industrial chains, and support the high-quality development of SMEs that specialize in niche sectors, command a high market share, and boast a strong innovative capacity and core technologies. Fourthly, it will support the implementation of major regional strategies, such as the coordinated development of Beijing, Tianjin and Hebei, the development of the Yangtze River Economic Belt, the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the integrated development of the Yangtze River Delta, and the ecological protection and high-quality development in the Yellow River basin. It will also serve the strategies of coordinated regional development and rural revitalization, boost common development of the eastern, central and western regions and the northeastern region, continuously promote the consolidation and expansion of the fruits of poverty alleviation efforts, and support the modernization of agriculture and rural areas. Fifthly, it will spare no effort to provide services to ensure and improve people’s wellbeing, help develop the housing security and supply system, and continue to give full play to the role as the main administering bank of student loans. It will increase support to micro, small and medium-sized enterprises, and assist to develop the elderly care and medical and health service systems. Sixth, it will promote green and low-carbon development, provide coordinated and orderly services for achieving carbon neutrality and carbon peaking goals, and assist to secure the coal and coal power supply and structural adjustment. Seventh, it will promote high-level opening-up, serve the high-quality development of the Belt and Road Initiative, and help stabilize foreign trade and foreign investment.
In terms of preventing and controlling financial risks, CDB will implement the fundamental guidelines of maintenance of overall stability, general planning and coordination, category-based implementation of policies, and elimination of risks through targeted efforts, and follow the principles of “early identification, early warning, early detection, and early elimination”. It will strengthen risk monitoring and control in key areas, spare no effort to prevent and defuse risks, continue to intensify efforts in recover assets after write-off, and promote internal and external supervision and inspection as well as rectification of problems found in auditing. It will continue to make credit management more standardized and refined, improve the compliance management system for internal control, get engaged in a protracted fight for risk prevention and defusing, and firmly guard the bottom line of risks.
In terms of deepening reform and innovation and improving the service capacity and efficiency of development finance, firstly, CDB will implement the reform requirements for classified management and separate accounting, strengthen innovation in market-based financing models, and promote the implementation of the high-quality development strategy and the 14th Five-Year Plan for business development of the bank. It will strengthen the linkage between assets and liabilities, and continue to expand the space for transferring benefits to the real economy. Secondly, it will strengthen the overall planning of the group and the linkage between the parent company and subsidiaries, strengthen the coordination of “investment, loans, bonds, leasing and securities” and the management of subsidiaries, and improve comprehensive financial services. Thirdly, it will strengthen market awareness, follow the objective law of finance, intensify investigation and research, and make efforts more forward-looking, proactive and effective.
It was stressed on the conference that CDB should thoroughly study and implement the principles of the 6th Plenary Session of the 19th CPC Central Committee, better understand and draw upon the Party’s historical experience over the past century, consolidate and expand the fruits of Party history learning and education, uphold the centralized and unified leadership of the CPC Central Committee, and comprehensively strengthen Party building across the bank. CDB should take a clear-cut stance on politics, firmly guard the principle that CPC has established Comrade Xi Jinping’s core position on the Party Central Committee and in the Party as a whole and defined the guiding role of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. It should firmly uphold General Secretary Xi Jinping’s core position on the Party Central Committee and in the Party as a whole, and uphold the Party Central Committee’s authority and its centralized, unified leadership. CDB should equip itself with the Party’s innovative theories, understand and implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. After the central inspection team gave feedback on their inspections, CDB should strengthen organizational leadership and take prompt actions to promote comprehensive, substantive and uprooted rectification. CDB should strengthen the building of community-level organizations and improve the quality and efficiency of primary-level Party building. CDB should continue to clean up the political ecosystem, firmly improve Party conduct, ensure clean government and fight against corruption. The bank should thoroughly implement the action plan of “developing a quality CDB workforce”, step up education and training, foster a culture of “serving the country through finance”, and build a contingent of high-quality and professional officials who are loyal, clean and responsible.
The conference also commended the winners of the CDB “Outstanding Contribution Award” in 2021, and made arrangements for epidemic prevention and control and related work during the Spring Festival, requiring the staff to work tirelessly on regular epidemic prevention and control, and coordinate the work of on-duty emergency response, production safety, and staff assistance and visit during the Spring Festival.
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