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CDB to provide RMB550bln financial support for Beijing-Tianjin-Hebei coordinated development

June 05, 2020


Abstract : China Development Bank (CDB), a major policy bank, announced Thursday a package plan to offer a total of 550 billion yuan worth of financial support for coordinated development of Beijing-Tianjin-Hebei region in 2020.

BEIJING, June 5 (Xinhua) -- China Development Bank (CDB), a major policy bank, announced Thursday a package plan to offer a total of 550 billion yuan worth of financial support for coordinated development of Beijing-Tianjin-Hebei region in 2020.

The total includes 520 billion yuan worth of local and foreign currency loans.

CDB will offer efficient financing services to support the development of Xiong'an New District, construction of Beijing's sub-center in the eastern suburb of Tongzhou District, Zhangjiakou's preparation work for the 2022 Winter Olympics, and construction of Binhai New Area in Tianjin Municipality.

Meanwhile, the bank will support the construction of projects in key areas including transportation, environmental protection and industrial upgrading, guide the investment from financial industry and social capital, coordinate resources, in a bid to help boost coordinated development of Beijing-Tianjin-Hebei region. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

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Keyword: Beijing-Tianjin-Hebei CDB

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