Yinzhou to earmark 45 billion yuan to boost real economy

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Category: Ningbo District

Published: Tuesday, 14 February 2012 11:36

On the afternoon of February 6, five financial institutions at municipal levels signed a strategic cooperation agreement with local government of Yinzhou, in an effort to boost the development of the real economy in Yinzhou District. Vice mayor Su Limian attended the signing ceremony.
According the agreement, the five financial institutions including China Development Bank and Ningbo ICBC shall provide credit support of 45 billion yuan for Yinzhou in the next three years. Meanwhile, six banks entered into a collaboration with six financing bodies, providing loans (credit) amounted to nearly 3.8 billion yuan. The contracted projects shall cover the construction of urban infrastructure, new functional blocks, the development of new rural construction, and micro-enterprises.