Writing the answer sheet for the high-quality development of the Yellow River Basin by Guangfa Bank

Recently, China Guangfa Bank, a member unit of Chinese Life Group, organized a press release and media research and interview activities on "high-quality development of comprehensive financial services". Reporters from 15 mainstream media went to Shaanxi and Henan to investigate the typical cases of China Guangfa Bank developing new productive forces and solidly promoting green and low-carbon development according to local conditions. At the press briefing, the relevant persons in charge of the Strategic Planning Department of the Head Office of China Guangfa Bank, Xi'an Branch, and the Shaanxi Branch of Life Insurance Company, Property Insurance Company and Pension Insurance Company of Chinese Life Group respectively introduced the results of their unit's actions to give full play to its comprehensive financial advantages to serve the overall situation of national development and protect the people's better life, and answered questions from reporters.

China Guangfa Bank adheres to the core strategic positioning of comprehensive finance, continuously strengthens the leading role of comprehensive financial reform, and regards comprehensive finance as an important starting point for implementing the spirit of the Third Plenary Session of the 20th CPC Central Committee, implementing the comprehensive deepening reform and deployment of Chinese Life Group, and promoting the bank's major strategy of better serving the region. In the Yellow River Basin, China Guangfa Bank has set up nearly 30 first- and second-tier branches and more than 100 outlets, gradually achieving full regional coverage. China Guangfa Bank cooperates with the insurance and investment sectors of Chinese Life Group to form a joint fleet, give full play to the advantages of comprehensive financial characteristics, create a product and service system of "Shuangxin Double Loan and Double Card", continue to promote the construction of the three pillars of pension and the sharing of service rights and interests, and deeply practice the people-centered development concept; Through products such as "Receipt, Payment and Insurance", we will replicate the experience of insurance fund management services within the group, and strive to become a characteristic bank serving the insurance industry; Through the "Wide Vision" full-scenario comprehensive financial service plan and the "Science and Technology Innovation Wisdom Finance" full-life cycle comprehensive service plan, we actively participate in the construction of major projects such as infrastructure and green and low-carbon transformation, and introduce capital and water for the economy of the Yellow River Basin.

Industrial development "go green"

China Guangfa Bank has always practiced the concept of green development, actively leveraged the resource advantages and service capabilities of Chinese Life Group's multi-license, explored and developed carbon asset management products, helped achieve the goals of carbon asset revitalization, value preservation and appreciation, actively met the needs of regional green financial services, and increased support for key projects in the fields of green transportation, clean energy, pollution prevention, energy conservation and carbon reduction in Shaanxi Province.

In the 3,000-square-meter exhibition hall, stories related to the sun tell the development and changes of the photovoltaic industry. The company is a global solar energy technology company, a photovoltaic manufacturing enterprise selected as the first batch of manufacturing single champion demonstration enterprises by the Ministry of Industry and Information Technology, and a leading enterprise in the photovoltaic industry chain. China Guangfa Bank Xi'an Branch has formulated a comprehensive financial service plan for LONGi Group and its subsidiaries with transaction banking products, and has provided credit support of nearly 10 billion yuan. Not only that, in September 2019, when LONGi Group planned to manage funds and bills online, China Guangfa Bank Xi'an Branch developed and built a bill pool system from scratch, completed the development of product functions, and continued to enrich and upgrade, with large scale and high usage of pledged bills, collection deposits and other products, and provided more than 6 billion yuan of bill pool financing support for LONGi Group and its subsidiaries, fully supporting the green transformation and upgrading of the regional economy.

Located in the center of the Yellow River, Yulin is an important energy base in China, a major energy city in Shaanxi, a national energy revolution innovation demonstration zone and the first batch of national carbon peak pilot cities. Yulin Shaanxi Coal Chemical Group Shenmu Coal Chemical Industry Co., Ltd. is a subsidiary of Shaanxi Coal Group, a state-owned super-large energy and chemical enterprise. In March this year, China Guangfa Bank Xi'an Branch United Life Investment Co., Ltd. landed the "China Life Investment-Shaanxi Coal Shenmu Chemical Debt Investment Plan", with a total investment of 1.3 billion yuan to serve the new national energy security strategy and promote the transformation and upgrading of the coal chemical industry to "high-end, diversified and low-carbon".

"Package" financial services

The new-generation information technology industry is a strategic, basic, and leading industry of the national economy, and is also an important engine for the development of new quality productive forces. China Guangfa Bank conscientiously implements the spirit of the Central Financial Work Conference, focuses on strategic emerging industries, and increases support in credit approval, loan interest rates, resource allocation, etc., to help enterprises move towards the "new".

During the investigation, the reporter visited Shaanxi Electronics Xijing Electric Group Co., Ltd. (hereinafter referred to as "Xijing Electric"). Xijing Electric is an important scientific research and production base of electronic components in western China, and is also an important member of Shaanxi Electronic Information Group Co., Ltd. (Electronic Information Group). Electronic Information Group is one of the important electronic information equipment manufacturers in mainland China, a scientific research and production base of high-tech electronic equipment, one of the top 100 electronic information enterprises in China and a leading electronic information enterprise in Shaanxi Province.

It is understood that since the opening of the Xi'an Branch of China Guangfa Bank in 2015, the cooperation with the bank and enterprise of the Electronic Information Group has continued to deepen, and has successively provided enterprises with a "package" of comprehensive financial services such as underwriting and issuance of ultra-short-term financing bonds, cash management system entrusted loan pools, and international financing guarantees, and has provided credit support of about 5 billion yuan to the Electronic Information Group and its subsidiaries, with a total investment of about 3 billion yuan, which has strongly supported the development and growth of the enterprise.

From "a piece of coal" to "a thousand threads"

Pingdingshan in Henan Province was born and prospered because of coal. The reporter and his entourage came to Pingdingshan City, the "City of Nylons", and visited China Pingmei Shenma Group Nylon Technology Co., Ltd. and Pingdingshan Shenma Cord Fabric Development Co., Ltd. to see how banks can help the transformation of the traditional energy industry and boost the development of new productive forces with the power of finance.

In the exhibition hall of China Pingmei Shenma Group Nylon Technology Co., Ltd., the reporter learned that the company uses hydrogen produced by coal refining as the main raw material to produce adipic acid, caprolactam and other products, which provides sufficient raw material guarantee for the downstream development of new nylon material industries such as spinning, weaving, injection molding, modification and polyurethane. The company has the most advanced high-performance impregnated cord fabric production line in China, and the leading products are widely used in the production of high-end automobile tires and aircraft tires, ship cables, high-speed sewing threads and other fields, and one of the four high-speed tires in the world is "Shenma" brand.

In recent years, China Guangfa Bank Zhengzhou Branch has strengthened the strategic cooperation between banks and enterprises with China Pingmei Shenma Group, and provided a full range of services covering working capital loans, bank acceptance bills, bill pools, bank acceptance discounts, commercial bill discounts, domestic letters of credit, wind ginseng direct loans, project loans, etc. In 2023, in order to further support the development of enterprises, China Guangfa Bank will increase the credit line to 11 billion yuan for enterprises and increase the bond underwriting line by 2 billion yuan. At present, more than 8 billion yuan has been invested. At the same time, China Guangfa Bank actively cooperates with China Life Investment and China Life Assets to introduce bond protection plans, public offering Reits and other businesses for enterprises, seek new cooperation points, and continuously help the upgrading of nylon chemical industry and new energy and new material industries.

In the next step, China Guangfa Bank will resolutely implement the decisions and arrangements of the CPC Central Committee, deeply grasp the historical opportunities of major national strategies such as "ecological protection and high-quality development of the Yellow River Basin" and "high-quality development of the central region", do a good job in the "five major articles" of finance, comprehensively improve the innovation, flexibility and adaptability of financial services, and contribute more GF strength in serving the high-quality development of the economy and society and helping to build a new development pattern.