On December 30, Industrial Bank Co.Ltd(601166) signed a strategic cooperation agreement with Fujian ocean and Fishery Bureau in Quanzhou. In the next five years, Industrial Bank Co.Ltd(601166) will provide an intentional financing line of no less than 60 billion yuan to help the construction of “offshore Fujian”.
According to the agreement, Industrial Bank Co.Ltd(601166) will carry out comprehensive cooperation with Fujian Provincial Bureau of oceans and fisheries around marine infrastructure, modern marine fisheries, marine emerging industries, modern marine service industry, marine scientific and technological innovation, marine ecology and other marine economy related industries, in the overall policy design, system construction promotion, market mechanism construction Provide financial services of “financing, intelligence and business” in terms of financial service docking, and provide an intentional financing line of no less than 60 billion yuan in the next five years. The two sides will give full play to their respective advantages, focus on the development of Fujian’s marine economy and the implementation of the special plan for the construction of a strong marine province in Fujian Province during the 14th five year plan, deepen government bank enterprise cooperation, improve and improve the investment and financing service system in the field of marine economy, and work together to build a high-level “marine Fujian” and build a strong marine province.
Fujian is a big province of marine resources and marine economy. In recent years, Industrial Bank Co.Ltd(601166) relying on the strategic advantages of “commercial banks + investment banks” and the pioneer advantages of green finance, has built a diversified blue financial product service system covering marine industrial park financing, marine ecosystem supply chain financing, sea area use right pledge, blue bonds and so on, supporting the development and growth of marine industry in Fujian Province. By the end of November 2021, Industrial Bank Co.Ltd(601166) marine economy loan balance was 26.7 billion yuan, an increase of 31% over the beginning of the year.
It is reported that in order to continuously improve the quality and efficiency of financial services in key areas such as “four economies”, including marine economy, Industrial Bank Co.Ltd(601166) recently issued the work plan for supporting and serving Fujian’s “four economies” and the 43 financial service measures for supporting Fujian’s high-quality development, focusing on Fujian’s coastal energy industry, coastal industry, port logistics industry For the four key industries of offshore ranching, it is proposed that the average annual growth rate of loans in the field of marine economy during the 14th Five Year Plan period shall not be less than 20%, and the loan balance shall at least double to reach the development goal of 50 billion yuan by the end of 2025, so as to provide a solid financial guarantee for the development of marine economy in Fujian.
