Top News
ICBC to increase financing for Yangtze River Delta development
Last Updated: 2019-10-13 15:08 | Xinhua
 Save  Print   E-mail

China's largest commercial lender has planned an additional 2 trillion yuan (about 283 billion U.S. dollars) of financing to support the integrated development of the Yangtze River Delta region in the coming five years.

According to a plan released by the Industrial and Commercial Bank of China (ICBC), the bank will set up a new branch in the new area of the Shanghai pilot free trade zone.

It will also establish three business centers on financial innovation, cross-border business and financial transaction markets, respectively, in the delta region.

The bank aims to focus its financial services on the region's coordinated innovation, infrastructure connectivity, ecological protection, public services and opening up, according to the plan.

So far, ICBC's outstanding loans to the region has exceeded 3.3 trillion yuan, with accumulated investment in local government bonds reaching 635.7 billion yuan, said ICBC president Gu Shu.

(Editor:富博)

Share to 
0
Related Articles:
BACK TO TOP
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
Edition:
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2024 China Economic Net. All right reserved
ICBC to increase financing for Yangtze River Delta development
Source:Xinhua | 2019-10-13 15:08
Share to 
0