In order to actively expand effective investments and comprehensively accelerate the implementation and construction of major industrial projects in Shanghai, on the afternoon of May 11th, Shanghai Municipal Commission of Economy and Informatization organized the industry-finance docking activities of major industrial projects in Shanghai to build a "none distance" platform of communication and exchange between major projects and financial institutions. Representatives of more than 100 major industrial projects with a value of more than RMB100 million, policy banks including China Development Bank and the Export-Import Bank of China, eight commercial banks in Shanghai, some investment funds, venture capital companies, as well as investment promotion agencies and economic commissions of all districts attended the events.
At the meeting, the Commission introduced the promotion of major industrial projects in Shanghai, as well as the recent measures to expand effective investment policies issued by the city. Shanghai Branch of China Development Bank gives full play to the advantages of policy banks and launches whole sale financing and industrial chain financing programs focusing on key industries and industry chains like integrated circuits and new energy vehicles. The Export-Import Bank of China actively supports major industrial projects to strengthen foreign trade, cross-border investment, foreign cooperation and domestic opening-up, promoting enterprises to change the growth mode of foreign trade, and deepen the development of an open economy. In addition, commercial banks including BOC, ICBC, and SPD put forward a series of "service packages" for major industrial projects based on their respective advantages, providing a package of solutions for major industrial projects from credit, trade finance, financial market and investment consulting, comprehensively accelerating the implementation, promotion and construction of projects.
For the next step, the Commission will work with the municipal investment promotion center and the investment promotion departments of all districts to further strengthen the docking of investment and financing needs for major industrial projects. The Commission will also carry out a series of targeted investment and financing docking activities with banks, insurance, investment and other professional financial institutions according to different industry segments and different types of enterprises, and strive to build a full channel and life of major industrial projects in the city and a cyclical financial service system, actively expanding effective investment and helping the economy to grow steadily. Relevant divisions attended, including Division of Industrial Investment, General Office and Municipal Investment Promotion Service Center
