On June 18, the 22nd China Strait Technology and Projects Fair (hereinafter referred to as “CSTPF”) opened in Fuzhou. That morning, the Financial Services for the New Era of Fujian's Strong Private Economy Strategy Matchmaking Meeting was held at the Fuzhou Strait International Conference & Exhibition Center. As a host unit of the matchmaking meeting and an exhibitor at CSTPF, CIB showcased in the Financial Services Pavilion. Fujian Deputy Governor Lin Ruiliang attended the matchmaking meeting and visited the CIB booth.
At the matchmaking meeting, CIB President Chen Xinjian, on behalf of all provincial financial institutions, read the Financial Services for the New Era of Fujian's Strong Private Economy Strategy Action Initiative. The initiative calls on all financial institutions in the province to deeply study and understand General Secretary Xi Jinping's important discourse on financial work and the private economy, implement the deployment of the Central Financial Work Conference, fulfill the requirements of the Provincial Financial Work Conference, inherit and innovate the “Jinjiang Experience,” and deeply implement the new era's strong private economy strategy. It aims to continuously improve service efficiency and effectiveness, promote the private economy toward “innovation”, and contribute greater financial strength to writing the Fujian chapter of Chinese modernization.
The matchmaking meeting also held the awarding ceremony for the service of local real economy by banking and insurance institutions in Fujian Province, as well as the awarding ceremony for Fujian Province’s “Green Bank.” CIB was named “Five-Star Bank for Serving Fujian’s Economy” for three consecutive years, “Outstanding Contribution Bank for Serving Private Enterprises and SMEs in Fujian Province” for five consecutive years, and “Excellent Green Bank” in Fujian Province for two consecutive years.
At this matchmaking meeting, CIB actively built a “government-association-bank-insurance-enterprise” service mechanism, collaborating with various sectors to create a financing ecosystem that encourages lending, is willing to lend, can lend, and is proficient in lending. CIB Fuzhou Branch signed industrial-financial docking agreements with the Fujian Federation of Enterprises and Entrepreneurs, Fujian Women Entrepreneurs Association, and Master HR Co., Ltd. Meanwhile, the Quanzhou Branch signed industrial-financial docking agreements with the Quanzhou Taiwanese Business Association, Quanzhou Intelligent Equipment Industry Association, and Quanzhou Lichang New Materials Technology Co., Ltd.
At the CIB booth, the exhibition was divided into three sections: "Rising Southeast, Rooted in Fujian," "Strong Financial Nation, Strong Financial Province," and "Inheriting and Innovating the 'Jinjiang Experience.'" These sections collectively demonstrated CIB's commitment to its mission, its gratitude-driven progress, its deep cultivation in Fujian, and its service to the local community. The exhibits focused on building a modern industrial system and a strong private economy in the province, showcasing the bank's efforts in spurring reform and innovation, achieving the "Five Major Areas" of finance, and supporting high-quality development. The exhibition attracted many guests who stopped to visit.
The roots must not be forgotten! CIB has continued its deep cultivation in Fujian, enhancing financial supply within the province and promoting high-quality cooperation between government, banks, and enterprises. Currently, CIB has signed strategic cooperation framework agreements with 9 cities, 19 departments, and 11 provincial state-owned enterprises in Fujian, providing a total of over 2 trillion RMB in intended financing. Focusing on key areas, the bank has continuously improved its service to the real economy. By the end of 2023, the balance of manufacturing loans in the province reached 114.9 billion RMB, with a compound annual growth rate of 11.70% over the past three years. The cooperation coverage rates with national-level Specialized and Sophisticated enterprises and provincial-level Specialized and Sophisticated enterprises are 87.64% and 66.88%, respectively. CIB has provided 32.8 billion RMB in loans for key provincial and municipal projects, including the second phase of Changle Airport, the Zhongsha Gulei Petrochemical Project, and the "Two Countries, Twin Parks" project in Fuqing.
In the "Strong Financial Nation, Strong Financial Province" section, CIB's series of financial innovations in technology finance, green finance, inclusive finance, elderly finance, and digital finance attracted much attention. These innovations included the "Technology Flow" credit control model, which transforms technological innovation into financial flow for technology enterprises; the "Double Carbon Management Platform," which makes carbon emissions tangible; the "Digital Supervision Platform for Biological Assets," which digitizes living assets; and the "Enterprise-Level Digital Intelligent Anti-Fraud Platform," which protects citizens' money.
Taking technology finance as an example, CIB, focusing on accelerating the construction of a strong technological nation and a high-level innovative province in Fujian, has continuously improved its technology finance service system. The bank provides comprehensive financial services throughout the entire lifecycle of technology enterprises, combining “commercial banking with investment banking”, “online with offline services”, and “financial with non-financial services”. This robust support helps build a modern industrial system and develop new productive forces. Currently, CIB serves nearly 160,000 technology enterprises, with cooperation rates exceeding 40% for national technology innovation demonstration enterprises, manufacturing single champions, and national-level Specialized and Sophisticated "Little Giants." The bank has assisted nearly 6,000 small and medium-sized technology enterprises in growing and thriving and has served 13,800 listed and pre-IPO technology companies.
Fujian is a significant province for the private economy, and CIB has always been a key participant and main provider of financial services for the development of Fujian's private economy. The bank has consistently prioritized the development of the private economy as a crucial responsibility and major task. In the exhibition area dedicated to "Inheriting and Promoting the 'Jinjiang Experience'," CIB vividly showcased its commitment to the "two unshakable" principles and the innovative service models it has developed while growing alongside private enterprises. This reflects the bank's role in channeling financial resources to support Fujian's strategy of strengthening its private economy in the new era. As of the end of 2023, CIB had served 78,000 private enterprises in Fujian, with a financing balance of 315.5 billion RMB for the private economy.
This year marks the 10th anniversary of President Xi Jinping's grand blueprint for "A New Fujian with Active Mechanisms, Superior Industries, Wealthy People, and Beautiful Ecology." CIB remains committed to its roots, actively integrating and serving the construction of a new Fujian, taking on significant responsibilities, and leading the charge as the primary financial force serving Fujian.