On Jun.18, the 14th China Cross-Straits Technology And Projects Fairs was open in Fuzhou, with more than 2200 companies attending, which include Industrial Bank, one of the Fortune 500 companies and more than 30 Taiwan enterprises. The Fair covered an area of 90 thousand square meters. This year’s Fair was still jointly hold by the Fujian provincial government and the relative national ministries and departments, and was held from Jun.17th to 21th.
When step into the finance exhibition hall, the first thing you would see is the exhibition booth of Industrial Bank. This time, the “Industrial group” come with great participants of more than 10 subsidiaries, which include industrial trust, industrial leasing, industrial fund, industrial consumer credit, industrial study center, industrial digital finance, industrial future, industrial wealth management, Shanghai Xing Sheng equity investment. The group uses this platform to connect industry with finance to provide comprehensive services such as trust, leasing, fund, wealth management.
As the only national listed bank based in Fujian, Industrial Bank has developed Fujian province for many years, and always takes it as the bank’s responsibility to serve the scientific and leaping development of Fijian. The bank also fully utilizes its comprehensive advantages, and coordinates the parent company and subsidiaries to promote the development of New Fujian. By the end of May this year, Industrial Bank has supported 193 projects from the scientific and leap development initiatives of Fujian province, with credit extension of hundreds of billion and more than 60 billion fund input. It also served 256 intelligent manufacturers with credit extension of 30 billion and more than 16 billion fund input.
The bank takes full advantages of its financial group status and multiple financial charts. Its subsidiaries use their unique strengths to lend financial support to the development of the province. Through stand-alone trust and collective trust, IB has provided overall trust finance of 84.2 billion for businesses in Fujian, and also strongly supported the development of the key enterprises such as Fujian Energy Group, Fujian Provincial Communication Transportation Group, and Fujian Investment Development Group. Using innovative business models such as “leasing after purchase”, “direct leasing plus lease-back”, Industrial leasing effectively leverages the difficulties faced by enterprises when investing in fixed assets. Through securitization and industrial fund and by working with Sanming and Quanzhou housing fund center, Industry fund established the housing fund mortgage backed securities such as Xingqian II and Xingqian VI. It also set up the Xiamen Municipal Development Fund with Xiamen Rail Transit Group, and established the Fujian PPP fund with the Provincial Department of Finance of Fujian. The initial raised-fund was 20 billion, which will be used to boost the real economy of Fujian. It has been a year since its establishment, industrial consumer finance has issued 3.94 billion yuan of loans and effectively meet the daily consumption need for normal peoples in areas such as tourism, decorations and home appliances purchase.
To support the supply-side reform of Fujian in the 13th five-year plan, Industrial Bank will put another 50 billion to support the development of Fujian key projects in less developed aspects. According to the head of the financial marketing department, the bank will focus on 96 key projects in Fujian’s less developed aspects with 14.1 billion of designated fund. The Anxi Qingyang wind farm project, Nanan Xiangyun wind farm project, the Xiamen city rail project line 1, line 2 and line 4 have been approved with more than 3 billion fund invested.
As a matter of facts, since 2010, Industrial Bank has issued financial service plans for many consecutive years to support the regional development of Fujian, including the initiative to further accelerate the scientific and leap development of Fijian in 2014, which brought up the goal of investment no less than 300 billion in Fujian by 2018. To support Fujian to achieve its goal in our national “Made in China 2025” plan, IB held a road show to promote the financial service for Fujian’s intelligent manufacturers and rolled out the financial service plan for this industry.