The implementation of urban renewal actions is an important measure to deeply implement the spirit of General Secretary Xi Jinping's important speech to Beijing, implement the requirements of the city's "14th Five-Year Plan", and implement the new development concept. Recently, ICBC Beijing Branch and Beijing Economic and Technological Development Zone joined hands to build a benchmark project for social capital to participate in urban renewal in industrial parks, and approved a loan of 1 billion yuan for yizhuang urban renewal company's "Skyland Industrial Plaza" and "Healthy Wisdom Valley Industrial Park" projects and completed the first loan issuance, becoming the first financial institution to support urban renewal projects in the Economic Development Zone.
Beijing Economic and Technological Development Zone is the main platform for Beijing to build an international science and technology innovation center "three cities and one district" and the main position of high-tech industries, and is also the forefront of Beijing's promotion of the construction of "two districts" and urban renewal. The "Skyland Industrial Plaza" and "Healthy Wisdom Valley Industrial Park" projects are the first batch of urban renewal projects in the Economic Development Zone and the first batch of urban renewal action plan demonstration projects in the economic development zone, as well as the first batch of pilot projects for "industrial upstairs" in the economic development zone, which have achieved a number of breakthroughs such as raising the volume ratio and mixed functional land supply. The project will carry out urban renewal in the form of demolition and reconstruction, and after completion, it will provide research and development pilot and industrialization landing space for medical devices and biomedical industry specialized new enterprises in the economic development zone, which is of great significance for comprehensively improving the quality of urban development, meeting the people's growing needs for a better life, and promoting sustained and healthy economic and social development.
ICBC Beijing Branch has always paid great attention to the urban renewal construction of Beijing and the Economic Development Zone, and as early as July 2020, it took the lead in launching an innovative financial product for urban renewal loans, which has the unique advantages of large authority, high quota, long term, excellent interest rate and flexible conditions, which can efficiently solve the financing needs of major construction projects in the capital. ICBC Beijing Branch and Yizhuang Urban Renewal Company worked closely together to solve the six major pain points of inefficient park urban renewal projects with long intervals, large investment amounts, long self-sustaining time, small cash inflows, demolition of above-ground objects, and tight decision-making time, continuously optimized the project investment and financing plan, smoothly realized loan delivery, ensured that demolition and construction funds were in place in a timely manner, relieved the worries of enterprises, and was highly recognized by Beijing as a benchmark project for urban renewal and innovative financing in Beijing.
Up to now, in accordance with the caliber of six major types of urban renewal projects in the Beijing Urban Renewal Action Plan (2021-2025), ICBC Beijing Branch has approved more than 70 urban renewal projects, with an approval amount of nearly 250 billion yuan, and achieved the distribution of nearly 60 billion yuan, covering five types of urban renewal in the core area, including the renewal of bungalows (courtyards) in the core area, the transformation and upgrading of old buildings and traditional business circles, the "cage for birds" in inefficient industrial parks, the renovation of old factories, and the transformation of old residential areas. Among them, the five application-type lease refund projects located in the core area of the capital and the first urban renewal projects in the sub-center, economic development zone, Chaoyang, Shunyi and other areas were first provided by ICBC to provide financing plans, first completed the approval and issuance, which created an ICBC model for supporting beijing's urban renewal construction, and actively contributed to serving the capital to transform the urban development and construction mode and comprehensively improve the quality of urban development.
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