OREANDA-NEWS. July 02, 2013. Recently, at a computer production base in Xiyong Microelectronics Industrial Park in Chongqing, workers were busy working on assembly lines, and within a minute, a number of parts were magically assembled into a laptop computer.

"One in every five laptops in the world is 'made in Chongqing'. Every day an average of over 110,000 laptops are assembled, and more than 90% are exported overseas. Xiyong is a little famous in the world's IT circles!" The person in charge of the industrial park said excitedly, "Our excellent development wouldn't have been possible without the support from CDB."

Xiyong Microelectronics Industrial Park is a national strategic emerging industrial base with the IT industry as its core. China Development Bank (CDB) has been with the park at every step of the way, from the initial park zone planning and the phase one and two construction to the construction of auxiliary service facilities for the park. Up to now CDB has made loan commitments of nearly 10 billion yuan for the park, making it possible for the park to transform from the "world's largest laptop production base" to an "important global IT industrial base" and become a "Silicon Valley in western China".

Industrial development will lead to the development of urbanization. The rapid development of Xiyong Microelectronics Industrial Park has given rise to a new auxiliary urban district. On the fringes of the park, rows of neat staff dormitory buildings have been built in the residential quarters, and there are also supermarkets, restaurants, pharmacies, teahouses, Internet cafes and other daily life and entertainment facilities. Currently, the park has provided employment for 65,000 people; the number will reach 330,000 within the next five years.

Xiyong is but a microcosm of how CDB pushes forward new urbanization with industrialization and supports the development of the real economy. Over the years, CDB has given play to its advantages in longer-term investment and financing and formed its own features in serving the development of the real economy. It has adhered to the operating principle of "serving the strategy, controlling risks, and making reasonable profits", given play to the leading role of banks in financing buying turning idle social funds into long-term concentrated large funds, and made efforts to offer support in key areas, weak links and major construction projects. On one hand, CDB attaches importance to planning ahead, actively participates in national, provincial and municipal, and county-level urban planning, avoids at the source blind investment and repetitive construction, and improves the quality of serving the real economy. On the other hand, CDB strengthens financial innovation, plays a leveraging and guiding role, explore about an effective model of conducting retail business in wholesale ways, and supports medium, small and micro enterprises, education, housing for low-income households and other people's livelihood and social building areas. At the same time, CDB's comprehensive use of investment, lending, bonds, leasing, securities and other financial service means meets the diverse needs of the real economy for financing.

CDB has always given priority to offering support for key construction in infrastructure, basic industries and pillar industries. From January to May 2013, 99% of CDB's new lending was in those areas, and over 80% went to eight areas including electric power, roads, railways, oil and petrochemical, coal, telecommunications, agriculture, forestry, water conservancy, and urban public facilities. Lending from CDB has extended support to refined oil, non-ferrous metals, agricultural products and other major national material reserves, the Beijing-Shanghai passenger rail line, highways in central and western China, key urban rail transit, nuclear power and hydropower stations under construction, and other key projects.

CDB has focused on serving the real economy by pushing forward the transformation and upgrading of industrial structure. Over the past two years, CDB has made cumulative funding commitments totaling 400 billion yuan in supporting the development of strategic emerging industries. Under CDB's support, communications equipment, clean energy equipment, heavy industrial and construction machinery, chemical and other industries have made considerable progress and entered the ranks of the world's leading players. At the same time, CDB has promoted cross-region and cross-ownership system mergers and acquisitions by large key enterprises in automobile, steel, cement, digital information, medicine and other key sectors in order to extend the industrial chain, reduce excess production capacity, and achieve energy saving and green house gas emission reduction.

To help support and improve people's livelihood is an important content and goal of developing the real economy. Since the beginning of this year, CDB has continued to set its sights on letting more people benefit from financing, stepped up its funding support for the construction of public housing, low-income housing, and various welfare housing focusing on revamping urban shantytowns, and promoted the relocation and transformation of old industrial areas in northeastern China and central and western China. Using the modern agricultural model zone pilot scheme as a breakthrough, CDB has explored a new model for financing modern agriculture and stepped up the building of grain production, the "grocery basket" project, and an agricultural product circulation system. As of the end of May 2013, CDB has made cumulative lending for welfare housing totaling 496.9 billion yuan, accounting for 53% of industry lending balance in this area; and cumulative lending for new countryside building and water conservancy totaling 1,262.8 billion and 335.1 billion yuan respectively.