Helping the high-quality development of Hunan wind power equipment industry —— Visited Zhang Shen, President of Hunan Branch of Industrial and Commercial Bank of China

Hunan Daily New Hunan client reporter Hu Xinsong Wang Liang

Finance is the lifeblood of the real economy.

"The Hunan Branch of ICBC will provide 5 billion yuan of financing intention arrangements for Harbin Electric Wind Energy, and provide a full range of financial services of 'six in one' of loans, bonds, shares, agents, leases and gu, giving full play to financial advantages and helping the high-quality development of Hunan wind power equipment industry."

On May 15, at the unveiling ceremony of Harbin Electric Wind Energy Co., Ltd., Zhang Shen, president of the Hunan Branch of Industrial and Commercial Bank of China, said that ICBC and Harbin Electric Wind Energy have established a strategic cooperative relationship, and the two sides will further promote the development of green finance and serve the national green development strategy.

"Serving entity enterprises and boosting the transformation and upgrading of strategic emerging industries in Hunan is the mission and responsibility of ICBC Hunan Branch, and we will adhere to the 'three highs and four new' strategy with new ideas, new finance and new services." Zhang Shen told reporters that in early April this year, the head office of the Industrial and Commercial Bank of China signed a strategic cooperation agreement with the Hunan Provincial Government, and the bank plans to provide no less than 2 trillion yuan of financing support for Hunan during the "14th Five-Year Plan" period.

On November 12, 2020, Harbin Electric Power Group and the Hunan Provincial Government signed a strategic cooperation framework agreement, in which the two sides will cooperate in the equity restructuring of XEMC wind energy, the development of wind energy resources, the development of advanced equipment manufacturing industry, and the cultivation of professional and technical talents. On March 15 this year, Harbin Electric Power Group and Hunan Xingxiang Investment Holding Group Co., Ltd. signed an equity transfer agreement for Xiangdian Wind Energy. On May 6, XEMC Wind Energy officially completed the change of industrial and commercial registration and changed its name to Hadian Wind Energy, marking the completion of the acquisition of XEMC Wind Energy by XEMC Group.

Zhang Shen introduced that ICBC actively serves the national green development strategy, firmly establishes and practices the concept of "green water and green mountains are golden mountains and silver mountains", adheres to the mission of serving the main force of real economy and finance, and is committed to contributing to the economic and social development of Hunan; Harbin Electric Power Group has a solid technical foundation, strong scientific research strength and rich talent resources in wind power equipment manufacturing. The strategic cooperative relationship between ICBC and Harbin Electric Wind Energy is highly consistent with the concept of supporting the development of green industries by both sides, and is also an important measure for banks and enterprises to join forces to help achieve the goal of "carbon peaking and carbon neutrality".

(The picture shows Zhang Shen (left), president of the Hunan Branch of the Industrial and Commercial Bank of China, in an exclusive interview with a reporter from Hunan Daily on May 15, talking about how to support Hunan's economic and social development and serve the "three highs and four new" strategy.) ）

Finance is the blood of the economy, and capital is the living water of enterprises. Zhang Shen said that ICBC will fully support the revitalization of The wind power equipment manufacturing industry in Hunan, carry out underwriting cooperation with Xingxiang Group and Harbin Electric Wind Energy in the underwriting of debt financing instruments for non-financial enterprises; reduce the asset-liability ratio for Harbin Electric Wind Energy and provide debt-to-equity swap services; actively participate in the Xingxiang Group's 10 billion yuan emerging industry fund and 1 billion yuan state-owned enterprises to bail out the wind power industry industry, and be the main bank of the fund; actively support wind power equipment financial leasing, broaden sales channels, and participate in the establishment, production and operation of Harbin Electric Wind Energy in the whole process. It provides a series of advisory services such as strategic restructuring, financial restructuring, equity financing, debt financing, and enterprise listing.

The inauguration of Harbin Electric Wind Energy is not only an important achievement of the cooperation between the central government and the local government, but also the deep integration of capital and industry.

"In the next step, ICBC Hunan Branch will give full play to the role of the 'national team' and 'main force' in serving the development of the real economy, fully support Hunan to build an advanced manufacturing highland, and actively support the transformation and upgrading of Hunan's traditional manufacturing industry and the cultivation of new momentum of advanced manufacturing." Zhang Shen said that ICBC will focus on industrial clusters and advantageous industrial chains such as construction machinery, rail transit equipment, wind power equipment, aviation power and information technology application innovation and new materials, energy conservation and environmental protection, new energy, etc., support the construction of 15 tens of billions of projects in Hunan manufacturing industry; highlight the financing support, salary and integrated financial services for high-quality manufacturing leading enterprises; actively innovate to promote industrial chain, supply chain finance, support the development of strategic emerging industries, and provide preferential loan interest rates. Increase the investment of medium- and long-term loans in the manufacturing industry, increase the proportion of manufacturing loans, and earnestly fulfill the responsibility of financial support for the real economy, providing a strong impetus for the economic development of Hunan.

[Editor-in-charge: Wang Liang]

[Source: Hunan Daily· New Hunan Client]