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People's bank joins hands with Liangjiang
Updated: 2022-01-17
english.liangjiang.gov.cn
A government-bank-enterprise match-up meeting was held on Jan 13 in Liangjiang New Area, Southwest China's Chongqing municipality.
Officials from the new area, the Chongqing Operation Office of the People's Bank of China, and representatives of local banks attended the event.
Luo Lin, director of Liangjiang's administrative committee, stated that the new area has been developing technology-based finance and green finance, which have consistently received support from the office, the Chongqing branch of the State Administration of Foreign Exchange, and many major local banks. The meeting is expected to bring more precise, effective and convenient financial services to Liangjiang-based market entities.
The office reportedly hopes that financial institutions can focus on more beneficial financing approaches for small- and micro-sized enterprises, and bring more capital to the real economy to stabilize the fundamentals of the economy as well as beef up the new development paradigm and the goal of mutual prosperity.
Last year, Liangjiang launched government-bank cooperation, targeting the high-tech enterprises looking to be funded through cross-border financing channels. The new area registered $54.2 billion in settlements and financing in 2021, a year-on-year increase of 5 percent, accounting for 30 percent of the municipality's total.
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