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CDB: Promoting ecological protection and high-quality development of the Yellow River basin through development finance

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Time:2023-02-08  Source:CDB

At the beginning of the new year, in Liquan County of Xianyang, the construction site of the Dongzhuang Water Conservancy Hub of Shaanxi Province was already bustling with high tower cranes and roaring machines. It’s the common aspiration of the people that the Weihe River, the largest tributary of the Yellow River, stays tranquil, which will benefit people’s livelihood. The Hub, as the largest reservoir in the province with the highest dam body, integrates functions in flood control, sediment reduction, power generation, water supply, and ecological transformation, and it is known as the “Three Gorges of Shaanxi”. Upon completion, it will be able to increase water supply by 435 million cubic meters and generate 285 million kilowatt hours of power annually, significantly improving the dependability of irrigation for about 966.67 square kilometers (1.45 million mu) of farming land in the Jinghuiqu Irrigation District and serving as an important water source for the drought-stricken Shaanxi. In 2022, CDB Shaanxi Branch provided 2.95 billion yuan of development financing for the project so that the Weihe River could perform better in nurturing Shaanxi people.

In 2022, CDB conscientiously implemented the decisions and instructions of the CPC Central Committee, focused on its development finance mandate, and concentrated its efforts on priorities of ecological protection, including comprehensive governance of the Yellow River basin and water security. It supported initiatives in key areas such as modern industrial system, the protection, inheritance and promotion of the Yellow River culture, and shoring up our weak spots of people’s livelihood. Throughout the year, the bank issued loans of nearly 150 billion yuan, contributing to the ecological protection and high-quality development of the Yellow River basin.

“A peaceful Yellow River means a peaceful world.” Problems like silt sediment, twisting channels and river suspension make the Yellow River one of the world’s rivers with the largest amount of silt sediment and the most serious water disasters that are the toughest to harness. In 2022, CDB supported initiatives in such areas as the protection and utilization water resources, prevention and control of natural disasters, and pollution control as a development finance institution (DFI), to ensure the long-term stability of the “Mother River”. It assisted in comprehensive governance of the Yellow River basin, supporting the building of national forest reserve and ecological forests in Pingliang of Gansu and Yanchang of Shaanxi, etc. It played a role in soil conservation in the upper and middle reaches of the Yellow River and promoted the rehabilitation of tributaries, such as the Yihe River (Song County section), and treatment of black and odorous waters in Puyang of Henan Province, etc., purifying the “capillaries” of the “Mother River”. The bank protected water resources by financing water resource allocation projects such as the West Trunk Canal of Datong River-Huangshui River Diversion, and promoted urban and rural integrated water supply projects in Yinchuan of Ningxia, with a view to easing the imbalance of water resources. It rolled out the special financing scheme “RMB100 billion loans for 100 counties”, supporting garbage classification and incineration power generation, rural toilet renovation, and sewage treatment plants in many counties and cities along the Yellow River.

Known as the “hometown of Qibo”, the originator of traditional Chinese medicine, Qingyang City of Gansu Province is located in the gully region of the Loess Plateau in the middle and upper reaches of the Yellow River, at the junction of Shaanxi, Gansu, and Ningxia. Due to natural conditions, its sediment contribution to the Yellow River accounts for one-third of the total amount of silt that is carried into the Yellow River from Gansu Province, making it one of the areas with the most serious soil erosion in the Yellow River basin. In recent years, Qingyang has focused on restoring the urban water ecology and conserving water resources to enhance its urban flood prevention capacity so as to build a plateau-based sponge city featuring lakes and forests. CDB Gansu Branch has issued loans totaling 1.78 billion yuan to help reduce the sediment contribution to the Yellow River and to improve the eco-environment of the upper reaches of the Yellow River with sponge plots, waterlogging control, lake construction, and emergency flood discharge facilities, etc., thus exploring new paths of ecological protection and high-quality development in the Yellow River basin with the support of development finance.

The Yellow River basin is also the most important agricultural and animal husbandry production base and energy base in China, an important economic belt in China. In 2022, CDB concentrated on the areas such as modern industries, transportation infrastructure, energy bases, coordinated urban and rural development, financing high-quality development along the Yellow River. We assisted in the land development and renovation projects in many forage bases in Ningxia to boost the growth of modern agriculture and animal husbandry. We supported the establishment of new industrial parks such as Sanmenxia Economic Development Zone and Yuncheng Innovation Ecosystem Cluster to promote the transformation and upgrading of local industries. We financed the expansion and reconstruction of Lianyungang-Khorgas Expressway, the Puyang-Jinan section of Zhengzhou-Jinan High-speed Railway, and other expressways and railways for promoting cross-regional transportation connectivity. We supported the construction of a large number of onshore wind power and clean coal power projects in Qinghai and Inner Mongolia to ensure energy supply and to promote the carbon peaking and carbon neutrality strategy. We propelled the upgrading of water supply, electricity, heat, roads, and networks in many counties and rural areas in the middle and lower reaches of the Yellow River, helping shore up the underdeveloped infrastructure.

In the next step, CDB will continue to bring out its role as a DFI, solve the financing problems of ecological protection in the Yellow River basin, keep increasing credit support, set solid goals, and work hard in a down-to-earth manner so as to promote ecological protection and high-quality development in the Yellow River basin.