Bank of Beijing Announces 20 Billion Yuan Support for Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone
On the afternoon of September 23, 2023, the Bank of Beijing, in collaboration with the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, held a significant strategic press conference at the Hetao Cooperation Zone's exhibition hall.
Distinguished attendees included Zhu Jiang, Deputy Director of the Shenzhen Futian District People's Government and Director of the Hetao Cooperation Zone Affairs Office; Feng Xiangyang, Leader of the Futian District Financial Services and Risk Prevention and Control Center; Du Xiaofen, Deputy Director of the Futian District Hetao Cooperation Zone Affairs Office; and Huo Xuewen, Chairman of the Bank of Beijing, among other notable leaders.
Huo Xuewen, during his address, underscored Bank of Beijing's commitment to aligning with national needs, customer expectations, and financial capabilities. The Loop Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone shoulders the historical mission of supporting the Guangdong-Hong Kong-Macao Greater Bay Area in establishing a world-class innovation platform. This mission resonates with Bank of Beijing's original objective of supporting technological innovation through financial services. Capitalizing on this strategic release, Bank of Beijing pledges to proactively and comprehensively serve the development and construction of the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in the Loop.
On behalf of the Futian District Committee and Government, Zhu Jiang expressed heartfelt gratitude to Bank of Beijing for its enduring contributions to the development of Shenzhen and Futian District. He highlighted Bank of Beijing's commitment to becoming a "lifecycle-serving bank for enterprises" and announced a 20 billion yuan intention credit package. He firmly believes that, with Bank of Beijing's strategic support, enterprises, platforms, and entrepreneurial institutions in the Hetao Cooperation Zone will gain access to one-stop, comprehensive financial services. The Hetao Cooperation Zone is poised to explore further cooperation opportunities with Bank of Beijing in inclusive finance, science and technology finance, and other domains.
During the event, the participants jointly unveiled the "Bank of Beijing Supports the 20 Billion Yuan Strategy of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone." Commencing in 2023, Bank of Beijing commits to providing 20 billion yuan in intention credit support over three years for the development of the Lantao Cooperation Zone, scientific and technological innovation enterprises, and key projects within the cooperation zone. This support will underpin the Futian District Government's efforts to expedite the launch and execution of pivotal scientific research projects and enhance the upgrading of Shenzhen Park Industries. The financial services offered will encompass science and technology innovation finance, cross-border finance, inclusive finance, and infrastructure construction. This endeavor aims to invigorate the Loop through financial sustenance, foster enterprise growth, and expedite the Loop's ascent.
In the future, Bank of Beijing will deepen its collaboration with key stakeholders in critical business sectors, maintaining a steadfast focus on "specialized, specialized, and innovative" enterprises. Together, they will construct a comprehensive financial service ecosystem tailored to the entire lifecycle of science and technology innovation enterprises.
This momentous signing and announcement event marks a significant milestone. Bank of Beijing is poised to leverage the historic opportunity presented by the Loop Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone to establish a world-class science and technology hub. Through the widespread introduction of "financial living water" and precise "drip irrigation" to thousands of enterprises, the bank aims to collaboratively propel the region towards a new pinnacle of global science and technology innovation and contribute to the high-quality development of industries in the Greater Bay Area.
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