Diligence hastens the arrival of spring. On February 7-8, Lyu Jiajin, Party Secretary and Chairman of China's Industrial Bank (CIB), visited Quanzhou to attend Fujian Province's County-Level Key Industrial Chain "Quad-Chain Integration" Conference and delivered a keynote speech. They conducted field research at enterprises and grassroots units on deepening financial services" role in "Quad-Chain Integration" to boost county-level economic development, reviewed branch operations reports, and outlined strategic priorities for the next phase. The branch leaders participated in the research.
A robust county-level economy underpins the stability of the province's overall economic foundation. Since the 18th National Congress of the Communist Party of China, General Secretary Xi Jinping has repeatedly emphasized the integration of industrial chains, innovation chains, capital chains, and talent chains, charting a course for modernizing industrial systems and advancing high-quality development in county-level economies. In recent years, Fujian Province has prioritized the development of key county-level industrial chains as a strategic and long-term initiative to drive high-quality economic growth, further enhancing competitive advantages and cultivating a number of "golden name cards" for county-level industries.
On the morning of February 7, the Province's County-Level Key Industrial Chain "Quad-Chain Integration" Conference was convened in Nan'an, Quanzhou to strategize and advance this integration. In his remarks, Lyu Jiajin stated that amid the new wave of technological revolution and industrial transformation, county-level industrial chains have entered a new phase where competitiveness hinges on chain strength, making the convergence of the "Four Chains" an imperative. CIB will leverage its role in connecting industries through finance, deliver comprehensive "financing + intellectual support" services, and uphold four "guiding principles" to further contribute to the high-quality development of the province's county-level industrial chains.
Bearing in mind that innovation is the primary driver, CIB will excel in advancing technology finance, and strengthen the innovation chain by leveraging strengths and addressing weaknesses. CIB will deepen collaboration with research institutes on frontier innovation topics, expand credit support for technological breakthroughs and enterprise incubation, fully leverage government policies supporting enterprises and strengthen innovation incentives for businesses, and deploy technology commissioners and financial commissioners to empower county-level industries with "technology + finance" synergies. Bearing in mind that industry is the foundation of development, CIB will provide diversified, phased services to integrate fragmented industrial chains into cohesive systems. CIB will fully capitalize on the Group's multi-license advantages to deliver integrated services, empowering industry leaders and chain anchors to thrive and advance steadily. CIB will vigorously support the digital transformation of county-level industrial chains, fostering integrated development of large, medium, and small enterprises across the value chain. Focusing on industrial parks, CIB will drive standardized development, green retrofitting, and digital upgrading, while accelerating the extension of park-oriented financial services to county regions. Bearing in mind that talent is the foremost resource, CIB will strengthen support for professionals across sectors to foster entrepreneurship in Fujian. CIB will provide comprehensive financial services to support tech entrepreneurs, ensuring they have access to housing and can focus on innovation. CIB will actively offer employee stock ownership plans to enable more tech talents and key employees to share in corporate growth. Through collaboration with governments, enterprises, and peers, CIB will co-develop joint talent development programs to build a multidisciplinary workforce. Bearing in mind that CIB are rooted in Fujian, CIB will rigorously implement provincial government directives and collaborate with all stakeholders to address shared challenges. CIB will establish a Fujian County Key Industrial Chains Task Force to develop tailored financial solutions for prioritized county-level industrial chains, thereby expanding financing channels for these strategic sectors. CIB will enhance in-depth research on county-level economies, actively organize promotional matchmaking events, and deepen collaboration with financial institutions to deliver high-quality empowerment for county economic development.
While planning accounts for 10% of the work, implementation takes 90%. Right after the meeting, President Lyu Jiajin led his team to Quanzhou without delay. They conducted field research at local enterprises and the Quanzhou branch, focusing on key county-level industrial chains.
Quanzhou boasts a robust county-level economy, nationally renowned for its "one county, one core industry" cluster-based economic structure. Specialized industrial clusters such as Jinjiang footwear/apparel, Shishi textiles, Nan'an construction materials, and Dehua ceramics have formed complete industrial chains, maintaining Fujian's top county-level GDP ranking for 24 consecutive years. Zhongqiao Sports Co., Ltd., located in Jinjiang, Quanzhou, is a privately-held enterprise integrating design, R&D, production, and marketing of sports footwear, apparel, and accessories. It has grown into a leading Chinese sports brand with nearly 6,000 exclusive stores across all 31 provinces, municipalities, and autonomous regions.
On the afternoon of the 7th, accompanied by Chairman Ding Guoxiong, Lyu Jiajin's delegation toured the Zhongqiao Brand Industrial Park. Both parties held substantive discussions on production/sales operations, industry trends, and the company's financial service needs in supply chain management and cross-border settlements. Ding Guoxiong expressed gratitude for CIB's longstanding support, noting Zhongqiao Sports' stable growth and collaborative strategies with industry partners. He reaffirmed confidence in the sports equipment sector and emphasized aspirations to elevate the company's development with governmental and financial institutional support, further amplifying China's sports brands globally.
Lyu Jiajin emphasized that the industrial chain serves as the core in the integration of the four chains. As a key enterprise in the industrial chain, Zhongqiao Sports plays a vital role in advancing the "Quad-Chain Integration". He expressed his hope that both parties would take promoting the "Quad-Chain Integration" as a breakthrough point, further deepen cooperation in areas such as supply chain financing and product R&D innovation for Zhongqiao Sports, create a model of integrated development between finance and industrial chains, and contribute to the prosperity of China's sports industry.
As a benchmark city for integrated cultural-tourism development, Quanzhou attracted vast domestic and international visitors during this year's Spring Festival through themed campaigns like "New Year in Quanzhou: A Year of Prosperity" and "Celebrate China's Intangible Heritage New Year in Quanzhou." Estimates indicate Quanzhou hosted over 10 million tourist visits during the holiday period, with tourism revenue exceeding RMB 10 billion, marking a strong start for the annual cultural-tourism economy.
Quanzhou Cultural Tourism Group, the city's sole municipal-level investment and operation entity specializing in cultural, tourism, and sports industries, plays a pivotal role in driving the "Quad-Chain Integration" within the local sector. On the afternoon of the 7th, Lyu Jiajin's delegation visited Quanzhou Cultural Tourism Group, engaging in in-depth discussions with Wang Wenkun, Party Secretary and Chairman, and Wu Jinjin Deputy Party Secretary, Vice Chairman, and General Manager on financial services supporting cultural-tourism industry development.
Wang Wenkun elaborated on Quanzhou Cultural Tourism Group's operational development, industrial layout, investment priorities, and strategic planning. He expressed gratitude for CIB's longstanding support and proposed collaborative efforts to empower cultural tourism industry upgrades, deepen financial-cultural tourism integration, and forge a new engine for high-quality development of Quanzhou's cultural tourism economy.
Lyu Jiajin stated that CIB will leverage the promotion of the "Quad-Chain Integration" as an opportunity to intensify industrial development research and innovate financial product services, injecting new momentum into the cultural tourism industry's "Quad-Chain Integration". Both parties should fully leverage their respective advantages to achieve policy breakthroughs and product innovations, jointly exploring sustainable, replicable, and scalable "finance + cultural tourism" industrial development models, establish a benchmark for financial institution-cultural tourism industry partnerships, and propel Quanzhou's cultural tourism economy to new heights.
On the morning of August 8th, Lyu Jiajin presided over a survey symposium at the Quanzhou Branch, where he reviewed the branch's work report, acknowledged its recent achievements, and outlined plans for future initiatives.
He noted that Quanzhou's county-level economic development features distinctive characteristics, gradually forming a favorable situation where industries expand from domestic to international markets, transform from fragmented operations to industrial clusters, and achieve coordinated development between state-owned and private economies, providing a broad stage for the financial sector's development. Operating within this vibrant county-level economic environment, the Quanzhou Branch must uphold the "Jinjiang Experience," rigorously implement Fujian Province's economic transformation strategies, prioritize the "Quad-Chain Integration" of county-level industrial chains, and establish exemplary models for financial services in "Quad-Chain Integration" through localized adaptations and accelerated execution.
First, we should build a new service model for the county-level economy. While continuing to leverage our strengths in "commercial banking + investment banking" synergy, public-private collaboration, and technology enablement, we should further enhance headquarters-branch coordination through mechanisms like designated liaison officers and dedicated task forces. This will enable integrated front-middle-back office efforts to serve Quanzhou's industrial chains, pioneering approaches for the bank's county-level industrial chain services. Second, we should enhance financial services around innovation chains. As innovation chains serve as growth drivers and source vitality, we should expand beyond serving major institutions to prioritize specialized, sophisticated, and innovative enterprises, accelerate the development of new policies, systems, platforms, and products supporting innovation chains, and facilitate the transformation and application of scientific and technological achievements, better serving industrial development. Third, we should develop park-oriented financial services around industrial chains. As industrial parks serve as physical anchors for industrial chains, we must reinforce accountability, leverage digital advantages, and concentrate on operating and promoting digital products like park ecological service platforms to better serve industrial clusters. Fourth, we should strengthen service guarantees and talent development around talent chains. The bank should focus on meeting talent demands for county-level industrial chain development by enhancing financial service safeguards for professionals across industries. We will strengthen internal talent rotation exchanges, enhance the technology team development, and drive new achievements in branch operations management, product innovation, and talent cultivation.
Relevant department heads from the Quanzhou Branch and select Head Office divisions participated in the research.