OREANDA-NEWS. August 21, 2013. Hebei Provincial Government and China Development Bank (CDB) held a high-level joint meeting in Beijing to discuss deepening bank-government cooperation in the "four battles" of striving to create the growth pole of leading development in the coastal regions, vigorously nurturing a new development growth pole in the Beijing-Tianjin region, making diligent efforts to do a good job in developing county economies, and being determined to push forward industrial transformation and upgrading and environmental governance.

Zhou Benshun, secretary of the Hebei provincial party committee; Zhang Qingwei, deputy secretary of the provincial party committee and governor of Hebei; Yang Rui, vice governor of Hebei; Jiang Bo, assistant to the governor and head of the provincial finance office; Hu Huaibang, secretary of the party committee and chairman of the board at CDB; Zheng Zhijie, deputy secretary of the party committee and president of CDB; Yao Zhongmin, deputy secretary of the party committee and chairman of the Board of Supervisors; and Li Jiping, vice president of CDB, attended the meeting.

At the meeting, the two sides signed a Memorandum of Development Financing Cooperation on Pushing Forward Shantytown Revamping and Urban Construction in Hebei. Hebei Provincial Government and CDB will follow the principle of seeking mutual benefit and a win-win outcome with mutual support, further give play to the Hebei Government's organizational and coordinating advantages and CDB'longer-term investment and financing advantages, focus on Hebei's urban construction, shantytown revamping, the Capital Airport Park Zone, and other areas, carry out cooperation in planning and investment and financing, create a good investment, financial, and market environment, and jointly promote the economic and social development in Hebei. The signing of the memorandum will further deepen bilateral development financing cooperation, and holds significant meaning for helping Hebei steadily push forward new urbanization building, speed up the implementation of the "four battles" development strategy, and build a new pattern of regional economic development.

As of the end of June 2013, CDB has issued total 468 billion yuan of financing support to Hebei, including 320 billion yuan of loans and 148 billion yuan of funds brought in by means of investment, lending, bonds, leasing, and securities. Ranking No.1 in the province in terms of non-individual RMB longer-term and foreign currency loan balances, CDB Hebei Branch has greatly supported Hebei's infrastructure, basic industries, and pillar industries including key construction projects, welfare housing construction, SME, irrigation and water conservancy, student loans, and other areas related to the people's livelihood, as well as the "going abroad" campaign of enterprises in and outside the province, and has played an important role in promoting the economic and social development in Hebei.