Bank of Chongqing: Fully support the construction of the twin-city economic circle in Chengdu and Chongqing and achieve high-quality coordinated development

Source of this article: Times Finance Author: Gao Wenxun

Since the Qin Dynasty entered the Han Dynasty, Ba County (Chongqing) has been a large city in the Sichuan Basin with the same name as Shu County (Chengdu). In other words, Chongqing and Chengdu, the two metropolises in the Sichuan Basin, have been staging "A Tale of Two Cities" for more than 2,000 years.

Recently, the CPC Central Committee and the State Council issued the "Outline of the Planning for the Construction of the Twin Cities Economic Circle in the Chengdu-Chongqing Region" (hereinafter referred to as the "Outline"), and issued a circular requiring all localities and departments to conscientiously implement it in light of reality.

In fact, in order to serve the construction of the twin-city economic circle in the Chengdu-Chongqing region, the Bank of Chongqing started planning very early and quickly turned into action.

With the advantage of having a network layout in both Sichuan and Chongqing, Bank of Chongqing has promoted the development of the twin-city economic circle in Chengdu and Chongqing by "grasping guarantees, grasping keys, grasping linkage, and grasping services", and actively practicing the responsibility of a financial state-owned enterprise.

<h5>The top-level design has been done with a lot of effort</h5>

According to the data, the Bank of Chongqing is the earliest local state-owned joint-stock commercial bank established in western China and the upper reaches of the Yangtze River, the predecessor of which was the Chongqing City Cooperative Bank jointly established by 37 city credit cooperatives and city credit unions in 1996. In 2013, Bank of Chongqing became the first mainland city commercial bank to be listed on the Hong Kong Stock Exchange. In February 2021, Bank of Chongqing was listed on the Shanghai Stock Exchange.

In order to better serve the construction of the twin-city economic circle in the Chengdu-Chongqing area, The Bank of Chongqing has made great efforts in the top-level design of the organization and system.

In terms of organizational guarantee, Bank of Chongqing has set up a leading group for the construction of the twin-city economic circle led by the chairman of the board, covering the functional departments of the head office and relevant branches, coordinating the customer marketing, product research and development, resource integration and other matters related to the twin-city economic circle, forming a three-dimensional work promotion system personally deployed by the head office team, jointly planned by the head office department, and fully participated by the territorial institutions.

In terms of institutional guarantees, the "Outline" is a programmatic document for promoting the construction of the Twin Cities Economic Circle at the national level, and the Bank of Chongqing has also specially formulated the "Chongqing Bank Financial Services to Promote the Construction of the Twin Cities Economic Circle in the Chengdu-Chongqing Region", which clarifies the division of responsibilities within the bank and refines the implementation path, for example, for the key industries, key projects and key enterprises in the Twin Cities region, the Bank of Chongqing has specially established an agile team covering the front, middle and back office, and has designated people to be responsible for approval on a regular basis, and orderly promote the efficiency improvement of each link.

<h5>Vigorously support major projects and key areas</h5>

Located at the intersection of the "Belt and Road" and the Yangtze River Economic Belt, the Chengdu-Chongqing Twin Cities Economic Circle is the starting point of the new land-sea corridor in the west, with the unique advantages of connecting the southwest and northwest, connecting East Asia with Southeast Asia and South Asia.

Therefore, the construction of the "Twin Cities Economic Circle" emphasizes integrated development, integrated development needs to be achieved through major project construction, key regional development and other means, for key areas, Chongqing Bank has carried out a series of work, including actively tracking and marketing Chongqing municipal major projects, Sichuan provincial key projects, Sichuan-Chongqing cooperation and joint construction of major projects and other key project lists.

At present, the Bank of Chongqing has supported the construction of more than a number of major regional projects through bonds, loans and other forms, covering water conservancy, railways, airports, rail transit, hospitals, trade logistics, agriculture, a new generation of information technology and other fields, such as the only cross-provincial new area jointly approved by sichuan and Chongqing provinces and cities, Gaozhu New Area, and the Zigong High-speed Railway East Station of the Sichuan-South Intercity Railway, an important part of the Beijing-Kunming high-speed railway.

In order to do a good job in the service work of relevant key areas, Bank of Chongqing has cooperated with the functional platform and key parks in accordance with the three-step approach of "signing strategic agreements, issuing service plans, and promoting business landing", and has signed strategic cooperation agreements with the functional platform Gaozhu New Area, the demonstration park Liangjiang Yufu Industrial Park, and the Deyang Economic Development Zone, and has supported a number of projects such as infrastructure construction and automobile manufacturing.

From the aspects of "scale" and "quality", Bank of Chongqing is also actively supporting the integrated development of the regional real economy.

Since 2020, Bank of Chongqing has invested more than 100 billion yuan in credit in the Twin Cities region, supporting more than 50,000 private entities.

<h5>Do a good job in the financial services of the two cities</h5>

Since 2021, banks in Chongqing have visited government functional departments and industrial parks at all levels in the region more than 500 times to understand the situation of relevant entities and financial needs.

In order to better serve the Twin Cities region, Bank of Chongqing took the initiative to dock with the Chongqing Municipal Development and Reform Commission, signed a strategic cooperation agreement on jointly promoting the construction of the Twin Cities Economic Circle in the Chengdu-Chongqing Region, and cooperated in promoting the policy planning, industrial layout, major project promotion, and functional platform construction of the Twin Cities Economic Circle, and was the first commercial bank to carry out strategic cooperation with the Chongqing Municipal Development and Reform Commission on the Twin Cities Economic Circle.

In addition, Bank of Chongqing also signed a strategic cooperation agreement with Bank of Chengdu last year on jointly serving the Twin Cities Economic Circle in Chengdu and Chongqing, and bank of Chongqing has organized a delegation to provide bond financing support of more than 3 billion yuan for entities in the twin cities.

Times Finance learned that in the next 5 years, the Bank of Chongqing will provide 100 billion yuan of financial support for related projects in the Twin Cities Economic Circle in the Chengdu-Chongqing region.

In order to help the development of real economy enterprises in the twin-city economic circle, Bank of Chongqing, together with financial leasing, securities companies and other financial peers, went deep into Deyang Economic Development Zone, Tongnan High-tech Zone, Dazu High-tech Zone and other areas to carry out financial service promotion meetings; at the same time, in order to help more enterprises go public and expand direct financing channels, Bank of Chongqing also invited SSE experts to explain the listing rules, bond issuance and other knowledge for enterprises free of charge, so as to enhance their direct financing capabilities and help them lay a solid foundation for the capital market.

At present, the Bank of Chongqing has laid out three provinces and one city, in order to improve the coverage of outlets in the twin cities area, fill the service gap, and focus on improving the density of outlets in the junction area between Sichuan and Chongqing, bank of Chongqing is currently promoting the opening of new institutions in Yibin, Sichuan, Tongliang and other areas.

In the first half of 2021, Bank of Chongqing achieved a net profit of 2.659 billion yuan, an increase of 4.47% year-on-year. With the further implementation of the Outline, it is believed that in the near future, Bank of Chongqing will gain greater development space and better performance.