BEIJING, May 26 (Xinhua) -- The Agricultural Bank of China (ABC), one of the country's "big four" lenders, issued a plan to provide comprehensive financial support for new infrastructure, reported the Xinhua-run cnstock.com on Monday.
The move is aimed at upgrading the bank's service quality and efficiency for new infrastructure.
According to the plan, the bank will focus on key customers and major projects in the new infrastructure sectors, make full use of digital technology to explore online financial products, and seek an overall improvement of its financial services.
Meanwhile, it will continue to strengthen its research in 5G, industrial Internet and artificial intelligence, and expand the coverage of credit policies.
Based on the development stage of new infrastructure sub-sectors, the bank will strive to specify major customers and projects accordingly, optimize credit granting management measures, and promote a rapid development of its business in new infrastructure.
Besides, ABC will also keep an eye on new infrastructure enterprises with high innovation and growth potential. It will try to help those enterprises fix financial problems via providing equity investment financial services such as investment and loan linkage and industry funds.
New infrastructure refers to digital facilities such as 5G base stations, vehicle charging stations, big data centers, artificial intelligence and industrial Internet. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
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