10 Key Enterprises in Chongqing Yubei District Receive 2.3565 Billion Yuan Loan Support

On October 29, a business matchmaking meeting for deepening bank-government-enterprise cooperation to promote high-quality development in Yubei District was held at the Yuelai Conference Center. The meeting was hosted by the Chongqing Business Management Department of the People's Bank of China and the People's Government of Yubei District of southwest China’s Chongqing Municipality. 

The event gathered 35 municipal banks, 3 local corporate banks, and 26 branch banking institutions in Yubei District together to connect financial services to the real economy and financially boost regional development. Major financial institutions will focus on in-depth cooperation with the local government of Yubei District, small and medium-sized enterprises and individual industrial and commercial households in the areas of Chengdu-Chongqing dual-city economic circle construction, rural revitalization, urban renewal, technological innovation, green development, and intelligent manufacturing to promote the high-quality economic and social development of Yubei.

At the same time, the Chongqing Business Management Department of the People's Bank of China and the People's Government of Yubei District signed the "Framework Agreement on Fiscal and Financial Policy Coordination Supporting the High-quality Economic Development of Yubei District". Besides that, "Yubei District '1+5+N' Financial Service Harbor for private small and micro-sized enterprises and self-employed entities" and the "Central Bank Refinancing Demonstration Base" received the license for operations, and the online service platform of the First Loan Renewal Center in Yubei District was officially launched. 24 municipal banks, including China Development Bank Chongqing Branch and China CITIC Bank Chongqing Branch, have signed strategic cooperation agreements with the People's Government of Yubei District. In the next five years, they will provide 100 billion yuan of financial credit for the development of Yubei District to ensure funding demand for high quality development in Yubei District. Ten key enterprises in Yubei District, including OPPO (Chongqing) Intelligent Technology Co., Ltd. and Chongqing Yubang Automotive Wire Co., Ltd., received 2.3565 billion yuan in loan support.