Since its establishment in March, 1993, Guangxi Branchof China Development Bank has delivered over 100 billion yuan of credit funds to Guangxi, and it had managed up to 78 billion yuan of assets by the end of 2007, thus becoming the important fund support for Guangxi’s all-round economic and social development. It firmly ranks the first in medium & long-term non-personalloans market in Guangxi for several consecutive years since its establishment, and ranks top in waterconservation, transportation, information, electric power, manufacturing industry, agriculture, and forestry and so on.
Guangxi Branch ofCDB is composed of 14 departments, such as business developmentdepartment, business managementdepartment, evaluation department, risk controldepartment,clients department,international cooperationdepartmentand others, and it has 110 staff members and workersaged33years old averagely.
Office place: 23rd Floor, Tai’an Building, No. 38-2 Minzu Ave., Nanning, Guangxi.
Major Areas of Support
“Twoinfrastructure constructions and one support”.
Taking root in“twoinfrastructure constructions and one support” to enlarge and strengthen the main industries:Guangxi Branch of China Development Bankhas accumulatively invested more than 50 billion yuan in supporting Guangxi’s construction of infrastructure facilities andfundamental industries such ashydropower and thermal power, expressways,power stations, electrified wire nettingso that the whole infrastructure and investment environment of Guangxi were greatly improved, and the bank also has a batch of strategic partners of great assets and good credit. In 2007, the bank put more efforts into the development and support of the projects, promised to increase 68.3 billion yuan to support the constructions oftransportation, electric power,waterconservation in Guangxi , provided 350 million yuan of technology support loans to support the preliminary planning of the major projects, invested approximately 10 billion yuan in supporting the great endeavor ofcoastalinfrastructure constructionin Beibu Gulf Economic Zone, and in the meantime, credited 22.8 billion yuan toBeibu GulfInvestment Group Company, fully supporting the sound and rapid development of Guangxi economy
Business areas expanded to make the advantageous and characteristic industries bigger and stronger:The bank supports the government to integrate the advantageous and characteristic industries and make theenterprise groupsbigger and stronger.The bank actively guides and supports Guangxi’s enterprises to integrate resources, merge and reorganize enterprises, provides underwriting services for stocks and bonds, and assists enterprises’ listing in capital markets athome and abroad.
Innovated modes of cooperation to energetically promote the urbanization construction:In 2007, the bank invested 5.6 billion yuan of credit funds in supporting the urbaninfrastructure constructionin cities/districtsall over Guangxi and promised to actively support the urban construction in cities/districts all over Guangxi under the condition ofscientific plan andrational use of resources, so as to make themdistinctively regional and international cities, fully upgrading the international influence of Guangxi in ASEANcountries.
Bearing social responsibility and caring for the national economy and the people's livelihood:In 2007, the bank invested 5.1 billion yuan in supportingthe constructionof people’s livelihood-relatedprojects includingthe rural hydropower, rural highways, energy-conservation and environment protection,health and medicine, vocational education,small-and-medium-sized enterprises, low-income people’s housing, student loans, and emergency loans,donated 17.53 million yuan to help 5poor counties to establish school buildings, to build highways, and to set upwater plants, thusactuallyworking well and seeking welfare for the people.
Being based on local economy and promoting the overseas markets: Following the establishment ofVietnameseandCambodian working groups in 2006, the bank set up itsSri Lankan working group in 2007,sending over 10 staff members to develop overseas markets. It established cooperative relationships withforeign countries’government departments includingVDB and Ministry of Finance ofCambodia,anddeveloped US $796 million of foreignexchange projects. The bank successfully held “International CooperationSeminarof China Development Bank & Vietnamese,Cambodian, and Sri Lankan ProjectsPromotion Conference” to set up an international platform for the cooperation of governments, banks, and enterprises, and help advantageous enterprises in Guangxi national industry “go out”, and to realize Guangxi and the neighboring countries’ mutual fusion and common development.