On July 5, Industrial Bank and the Dalian municipal government signed the “Memorandum of strategic cooperation to accelerate the development of green finance and promote the development of industries, environment and economy” (refer as the Memorandum). On behalf of Industrial Bank and the Dalian municipal governments respectively, our deputy bank president Xuehefeng, Dalian deputy mayor Hongdengjin signed the Memorandum.
According to the Memorandum, IB will provide no less than 50 million to finance important constructions and projects during the 13th “Five-Year plan” period in key areas such as green commuting, the upgrade of the heating system, the utilization and preservation of water, the construction of the sponge city and the overall underground pipeline system, the disposal of garbage and the utilization of renewable materials. Meanwhile the two parties will enhance their cooperation in the establishment of the carbon emission rights trading platform, earmarked funds, and risk management, to promote and protect the Dalian environment protection system.
As the window of opening up to the outside world and the leading city in revitalization in northeast china, in recent years, Dalian actively promote the change of economic development mode and the upgrade of industrial structure. Especially this year, the Dalian municipal Party committee and government commit to, during the13th “Five-Year plan” period, bring the percentage of the air quality excellent rate, the river water quality excellent rate, the close offshore water quality rate, And the forest coverage rate to 80%, 85%, 100%, 41.5%.
As the first equator bank in china, Industrial Bank is the industry's leading figures in marketing philosophy, social impact, product development, service, and organizational reputation. And the bank also take full advantage of the green finance program and provides grant funding, technical and service support for the Dalian municipal government. Meanwhile, as a chartered group in many industries, IB provides the full package service, which include investments, loans, bonds, leasing, industry fund during the13th “Five-Year plan” period in key projects to protect the environment. Take green commuting as an example, IB can provide green bonds, industrial fund, leasing agreement, project loans to satisfy the different financial need of different parties, so the green commuting project of Dalian can enjoy low cost, efficient, long-term and flexible financial service.
People in the banking industry think the signing of the Memorandum will further accelerate the technical upgrades of the old industrial zone and provide a momentum for the supply-side reform, so Dalian city can conduct environmental construction, utilize the market function of allocating resources, promote its development target at two key areas, and consolidate the city's status as the hub center, the international distribution center, the regional financial center, and international trading center in Northeast Asia.