The China Development Bank recently held a meeting in Beijing to promote high-quality urban development and urban renewal business. The meeting focused on studying and implementing the decisions and plans of the CPC Central Committee and the State Council on promoting high-quality urban development and implementing urban renewal initiatives. The meeting also summarized the achievements of the bank in serving urban renewal construction in the previous stage, exchanged work experience, and planned key tasks for the next stage.
Tan Jiong, President of the China Development Bank (CDB), attended the meeting and delivered a speech. Xie Taifeng, Vice President of CDB, presided over the meeting. Officials from the Department of Building Energy Conservation and Technology of the Ministry of Housing and Urban-Rural Development attended the meeting and provided policy interpretation and work guidance. Relevant officials from the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Housing and Urban-Rural Development were invited to attend.
The meeting pointed out that in recent years, the China Development Bank (CDB) has fully implemented the concept of people-centered cities. Under the guidance of relevant ministries and commissions, and drawing on its rich experience accumulated over many years in serving urbanization, CDB has actively explored pathways and methods for serving urban renewal, and participated in the planning and implementation of a number of major projects supporting high-quality urban development, creating a demonstrative effect. As of now, CDB's outstanding loans in the urban construction sector amount to 6.3 trillion yuan, with 1.16 trillion yuan disbursed this year, effectively serving the improvement of urban functions and quality and the enhancement of the living environment.
The meeting emphasized that serving high-quality urban development and urban renewal is an inevitable requirement for the China Development Bank (CDB) in serving the nation's major priorities in the new era, an inevitable requirement for stabilizing investment and improving people's livelihoods, and an inevitable requirement for the CDB to fulfill its functional positioning and achieve high-quality development. The entire bank must closely follow the seven key tasks outlined at the Central Urban Work Conference, accurately, efficiently, and compliantly allocating credit and investment resources to further enhance the function of policy-based financial services in supporting high-quality urban development. At the same time, it must strengthen cooperation between government, banks, and enterprises, deepen innovation in financing models and financial products, and ensure four guarantees: policy and system, internal coordination, risk control and compliance, and talent development, making new and greater contributions to building modern people-oriented cities and forging a new path of urban modernization with Chinese characteristics.
An official from the Department of Building Energy Conservation and Technology of the Ministry of Housing and Urban-Rural Development stated that urban renewal is a comprehensive and systematic strategic deployment made by the Party Central Committee to promote high-quality urban development. In recent years, the China Development Bank (CDB) has thoroughly implemented the decisions and deployments of the Party Central Committee, attaching great importance to urban renewal work. It has jointly conducted research and policy dissemination with the Ministry of Housing and Urban-Rural Development, exploring an effective path for policy-based financial support for urban renewal and accumulating valuable experience for financial institutions to vigorously support urban renewal. Going forward, it is hoped that the CDB will continue to play a leading role, continuously innovate financial support around key tasks of urban renewal, help solve the financing difficulties of urban renewal, and make new and greater contributions to promoting high-quality urban development.
During the meeting, six branches of the China Development Bank in Beijing, Inner Mongolia, Shanghai, Jiangsu, Henan, and Shenzhen signed cooperation agreements with six corporate clients, focusing on areas such as urban renewal.
