On April 29, the Bank-Enterprise Key Project Meeting 2014 was held in Yichang City. 90 enterprises and projects in Yichang signed their credit and loan agreements with 16 banks, totaling 30.9 billion RMB. Among them, 30 agreements were signed on the spot, totaling 17.5 billion RMB. Song Wenbao, Deputy Executive Mayor, Member of the Municipal Committee, attended the meeting.

　　Since the beginning of this year, Yichang has maintained a good momentum of economic development which is “better than the national and the provincial average”, achieving its steady development. In the first quarter, the fixed asset investment got off to a good start, with its total value keeping the second highest in the province, accounting for 10.7% of the province. Key projects are all well-developed. According to the progress shown on the chart, 30 of the 34 provincial key projects have been launched and 11.6 billion RMB has been invested. Among the 100 key municipal projects, 72 have been launched and 14.4 billion RMB has been invested.

　　In order to effectively break the bottleneck of enterprise financing and speed up the construction of modern megacity, the Bank-Enterprise Key Project Meeting has been cosponsored by the Yichang Municipal Financing Office, the Yichang Municipal Development and Reform Commission as well as the Bank of China Yichang Branch. During the meeting, a group of key projects concerning the transformation and upgrading of Yichang have been successfully signed up, among which the Hubei Noah Photoelectric LED Industrial Park is invested 3.8 billion RMB; the Yichang Renfu Pharmaceutical Essential Medicine Base, the Three Gorges Packaging Technology Industrial Park as well as the Xiao Tea High and New Technology Industrial Park are invested 2 billion RMB respectively, and the Zhongfu Chemical Engineering Circulation Industry Park is invested 1.5 billion RMB.

The meeting stressed that this year is a crucial year to comprehensively deepen reform and opening-up, and to see the achievements in the three-year’s megacity construction. All levels of governments, financial institutions and key project departments should regard this meeting as an opportunity to achieve a win-win situation in the enterprises and banks, further strengthen their confidence in development and analyze the current situation clearly. The four major platforms should be closely relied on and the “key projects construction” activities should be strongly encouraged. Song said that in order to make new contributions to the construction of Yichang into a megacity, all levels of governments should earnestly implement the action plan of sparing no efforts to set up platforms and improving the environment; financial institutions should seek practical results in changing the marketing ideas and widening the financial services; enterprises should pay more attention to the project planning and strengthen the inner management; project construction units should ensure the implementation and the rapid development of the construction.

At the meeting, the Yichang Municipal Development and Reform Commission reported the situation of the investment and the key projects in the first quarter, and the Bank of China Yichang Branch reported the financial situation in the first quarter. The leaders of all levels of governments, Yichang high-tech zone administrative committee, and some financial institutions attended the meeting. (Reporters: Guang Hua, Zhang Liang, Correspondents: Han Cheng and Jiu Guo)