Policy-based finance fully supports the transformation of old communities in Jiangsu Province

Policy-based finance fully supports the transformation of old communities in Jiangsu Province-Jiangsu Provincial Department of Housing and Urban——Rural Development, China Development Bank Jiangsu Branch and China Agricultural Development Bank Jiangsu Branch hold a framework cooperation agreement signing ceremony

On April 19th, the Department of Housing and Urban-Rural Development of Jiangsu Province, Jiangsu Branch of China Development Bank and Jiangsu Branch of Agricultural Development Bank of China held the Jiangsu Provincial Urban Renewal Cooperation Promotion Meeting and Framework Cooperation Agreement Signing Ceremony in Nanjing. Wu Yonghong, Deputy Secretary-General of the Provincial Government, Zhou Lan, Director of the Provincial Department of Housing and Urban-Rural Development, Fan Xinfang, Deputy Director, Wang Weidong, President of Jiangsu Branch of China Development Bank, Tian Weihua, Deputy President, Xu Hao, President of Jiangsu Branch of Agricultural Development Bank of China, and Qiu Zhenyu, Vice President of Agricultural Development Bank of China attended the signing ceremony.

In his speech, Zhou Lan expressed his gratitude to the China Development Bank and Agricultural Development Bank for their strong support to Jiangsu's urban and rural construction. She pointed out that over the years, the Department of Housing and Urban-Rural Development of Jiangsu Province has established a good cooperative relationship with China Development Bank Jiangsu Branch and Agricultural Development Bank Jiangsu Branch. She sincerely hopes that the holding of this meeting and the signing of the agreement will be an opportunity for both parties to further strengthen strategic cooperation and achieve a win-win situation. The Department of Housing and Urban-Rural Development of Jiangsu Province will earnestly fulfill the agreement with the utmost sincerity and the best environment, establish the concept of sincere cooperation and common development, cooperate with each other, treat each other with sincerity, actively communicate and actively promote. Efforts should be made to promote cooperation to achieve greater and better benefits, and promote the positive interaction between local construction and policy and financial operations.

Wang Weidong said that the China Development Bank has long adhered to the strategy of serving the country and actively leveraged its advantages in development finance to help Jiangsu's high-quality economic and social development. China Development Bank Jiangsu Branch will take this promotion meeting as an opportunity to support urban renewal as an important starting point and main direction for serving the high-quality urban development of Jiangsu Province. Closely connect with all parties, deepen bank-government-enterprise cooperation, effectively integrate various financial resources, promote the establishment of a long-term mechanism, and strive to increase credit support for urban renewal and the transformation of old communities, and achieve high-quality urban development in Jiangsu Province to a new level.

Xu Hao pointed out that in recent years, the Jiangsu Branch of the Agricultural Development Bank has conscientiously performed policy functions, implemented major national strategies and regional development plans, and continued to increase credit allocation. Based on the new stage of development, the Agricultural Development Bank will continue to play the role of policy-based finance as "leading, supplementing shortcomings, and counter-cyclical", focusing on the two major areas of urban construction and rural construction, finding the fulcrum, and taking the initiative. Continue to increase project docking, credit allocation and financial services, make every effort to promote the smooth implementation of government-bank cooperation agreements, and make positive contributions to the coordinated and integrated development of new urbanization and rural revitalization in the province.

This signing of the contract will strengthen cooperation in areas such as urban renewal and transformation, new urbanization construction, old community transformation, beautiful and livable city construction, urban ecological restoration and functional improvement, historical and cultural protection, and urban style shaping. Give full play to the unique advantages of policy-based financial institutions in the field of medium and long-term investment and financing, make good use of development funds with long maturities, large quotas, and preferential interest rates, and increase financial support. For the projects included in the major project library, the two parties provide support in terms of policies, products, funds, resources, etc., and provide preferential policies such as project consultation, financing planning, credit resources, and green channels. They will make every effort to guarantee the financing needs of key areas and major projects in the province's urban construction, and jointly promote the high-quality development of Jiangsu's urban construction at the forefront of the country.

The heads of relevant departments of the General Office of the Provincial Government, the Provincial Development and Reform Commission, the Provincial Department of Housing and Urban-Rural Development, the China Development Bank, China Development Bank Jiangsu Branch, the Agricultural Development Bank Jiangsu Branch, and the business responsible comrades of the Housing and Urban-Rural Development Bureaus attended the signing ceremony. At the subsequent government-bank cooperation promotion meeting, Fan Xinfang gave a briefing on the renovation of old communities in cities and towns across the province. Conveying the spirit of the state’s latest documents on infrastructure projects, China Development Bank interpreted the policies and cases of development finance to support urban renewal.