Exploring domestic and foreign industry cooperation, CITIC Bank supports the construction of “One Belt, One Road”

In 2013, at a time when the pace of recovery in the world economy was slow and economic globalization was on the rise, China began a new journey of Silk Road and launched an “One Belt, One Road” construction initiative to the world with an inclusive and open mind. Over the past three years, this initiative has received support and response from more than 100 countries and international organizations, forming a broad consensus for cooperation.

As a large state-owned enterprise, CITIC Group has the mission to fully participate in and support the construction of the “Belt and Road”. Since the implementation of CITIC Group "along the way" support strategy, CITIC Bank 601998, BUY as the group's core banking platform one, earnestly implement the national strategy and policy decisions and arrangements of the Group, expanding outlets, and reserve projects, improve financial services Strengthening the synergy of the Group and achieving fruitful results in supporting the implementation of the “Belt and Road” initiative.

The reporter learned from CITIC Bank that the bank is based on the “Best Integrated Financing Service Bank” and relies on the comprehensive synergy of CITIC Group to continue to provide comprehensive financing services to the national “Belt and Road” construction and domestic enterprises “going out” major projects. .

As of the end of 2016, CITIC Bank's “One Belt, One Road” reserve project has been approved by 145 letters in the form, with an approval amount of RMB 9.5 billion.

Strengthen the layout of outlets along the line and explore domestic and foreign industry cooperation

The construction of the “Belt and Road” is not a “one-man show” of a certain country, but a “symphony” of building, sharing, and winning a win-win situation along the line. Therefore, in the construction of the “Belt and Road”, in order to provide better financial services and products, it is necessary to “go out” and “to introduce”.

In terms of institutional outlet layout, CITIC Bank established its representative office in London in April 2015. In November 2016, the Sydney representative office was formally established. In April 2017, the London branch preparatory group was formally established. According to the preliminary concept of “going out” in CITIC Bank’s strategic plan, the bank will take advantage of its business advantages in international trade, cross-border RMB, foreign exchange funds and international settlement, actively deploy overseas and better serve Chinese-funded enterprises and China. Cross-border financial needs of residents.

As of the end of 2016, CITIC Bank's overseas institutions include CITIC International Financial Holdings Limited ("CITIC International Gold"), China CITIC Bank (International) Co., Ltd. ("Sin Bank International") and Xinyin (Hong Kong) Investment Co., Ltd. (" Xinyin Investment") three subsidiaries, as well as two representative offices in London and Sydney.

In terms of institutional setup in the territory, in order to effectively improve the financial coverage and service capabilities of the 18 cities and key port cities along the “Belt and Road”, the bank has already established Silk Roads in Xi'an, Lanzhou, Xining, Shanghai, Guangzhou, Fuzhou and Haikou. More than 1,000 outlets have been established in inland cities and coastal port cities along the route, accounting for over 70%.

In addition to active “clothing”, CITIC Bank also explores mergers and acquisitions and cooperation with its peers. In July 2015, Li Qingping, then president, led a delegation to visit Kazakhstan. He had an in-depth exchange with the relevant leaders of the Kazakhstan government, political regulators and local enterprises in the fields of energy, construction and finance. Series financial investment cooperation intentions. At the beginning of November 2016, Li Qingping, the chairman of CITIC Bank, visited Kazakhstan again and signed a memorandum on the acquisition of 60% equity of Altyn Bank, thus taking a solid step in the overseas acquisition of CITIC Bank and the “One Belt, One Road” financial cooperation.

As an internationalized and diversified joint-stock commercial bank, CITIC Bank has accelerated the construction of a global financial services system and strengthened cooperation with its overseas counterparts.

The “Belt and Road” initiative involves many countries and regions in Mongolia, West Asia, Central Asia, Central and Eastern Europe, ASEAN and South Asia. It is reported that CITIC Bank has established bilateral collateral relationship with 554 correspondent banks in 55 countries, among which the number of correspondent banks in ASEAN and West Asia is relatively concentrated, with 196 and 131 respectively.

Prior to this, CITIC Bank carried out international business cooperation in the “Belt and Road” region. The cooperative products mainly consisted of settlement products such as documents and remittance business, and cooperated with financing products such as letter of guarantee and Forfeiting. Throughout 2016, the bank had a total of nearly $19.5 billion in international business cooperation in the “Belt and Road” countries.

Increase credit supply, nearly 100 billion to help interconnect

There are many developing countries along the “Belt and Road”, and there is a strong desire to promote economic construction and social development. However, major projects such as infrastructure are facing insufficient construction capacity and shortage of funds, and financing needs are large.

To this end, CITIC Bank has also increased the “One Belt, One Road” credit, adjusted and optimized the investment structure, and actively supported the construction of infrastructure such as transportation for Chinese companies “going out” and “Belt and Road” countries.

Since CITIC Group has formulated a strategy to support the “Belt and Road” construction, CITIC Bank has actively expanded the market along the “Belt and Road”, increased the reserve of quality credit projects, and provided necessary information on marketing resource allocation, credit approval process, and credit scale allocation. stand by.

As of the end of 2016, CITIC Bank's “One Belt, One Road” reserve project has received 145 approvals from the list, with an approval amount of RMB 9.5 billion. The industry is distributed with infrastructure such as highways, urban rail transit, energy development, urban gas supply, and urbanization. Modern service industry and high-end equipment manufacturing are the mainstays.

As the ancient Silk Road, Ningxia Autonomous Region has similar customs and customs and long-standing exchanges and cooperation with many countries along the “Belt and Road”. It also strives to build a bridgehead and a “One Belt, One Road” strategic fulcrum that is open to the west of China. The Wuhai-Ma-Yao Expressway (referred to as the “Uma” Expressway) is a tie line (G1816) of the “National Highway Network Planning (2013-2030)” from the Hengheng-Wuhai Expressway (G18). The northwest region connects an important transportation corridor between the central and eastern economically developed regions.

In October 2016, CITIC Bank Yinchuan Branch and Ningxia Autonomous Region Communications Department successfully signed a loan contract for the fixed assets project of “Umma” Expressway of 2.7 billion yuan, which was specially used for the construction of Qingtongxia to Zhongwei section of Ningxia from Wuhai to Malang Highway. Subsequently, CITIC Bank opened a green channel and completed the entire process approval from the initiation of credit to the head office letter review in only 7 working days, and won the recognition of customers with extremely high work efficiency.

The Mandela-Datong Highway Project is a key project in Qinghai Province of the “Belt and Road” project. The construction of the project will greatly strengthen the communication links between the five provinces of Qinghai, Gansu, Inner Mongolia, Ningxia and Shaanxi. CITIC Bank Xining Branch has a keen insight into the important position and far-reaching significance of the project. In July 2015, CITIC Bank Xining Branch and Qinghai Provincial Transportation Department signed a “One Belt, One Road” strategic cooperation agreement. In 2016, Qinghai Local Railway Construction Investment Co., Ltd., a wholly-owned subsidiary of Qinghai Provincial Transportation Department, was granted a full deposit pledge loan. In addition, through the cooperation with the Qinghai Provincial Department of Transportation, CITIC Bank Xining Branch actively promoted cooperation with the subordinate units and issued a project loan of 2.442 billion yuan to the Qinghai Provincial Highway Construction Administration.

On the one hand, the CITIC Bank revised the business management methods and operational procedures for export credits to adapt to the new situation and new ideas and new ideas adopted by Chinese enterprises in the “Belt and Road” construction under the new situation. practice. On the other hand, it has increased customer marketing promotion within the Bank, and has repeatedly traveled to Beijing, Zhejiang, Shandong, Sichuan, Chongqing, Anhui and other places to conduct business negotiations with local export companies to help companies design financing solutions and promote “ The implementation of the Belt and Road project and its implementation. As of March 2017, CITIC Bank has established 8 export credit projects along the “Belt and Road”, involving “One Belt, One Road” countries such as Indonesia and Egypt, and has continuously accepted new export credit projects along the “Belt and Road”. The bank also conducts syndicated cooperation with policy banks and state-owned banks to actively carry out export credit business. It actively supports Chinese “going out” enterprises to carry out project contracting, roads and stations in the countries and regions along the “Belt and Road” through medium and long-term foreign currency loans. International economic cooperation such as infrastructure construction, social housing planning and construction, and export of complete sets of equipment.

Establish a “One Belt, One Road” fund to take advantage of comprehensive financing services

It is worth mentioning that CITIC Bank has also established a “One Belt, One Road” parent fund, mainly investing in projects in the “Belt and Road” region. It is reported that the fund is registered in Tianjin and is built as a limited partnership. The private equity fund management company under CITIC Bank is the fund manager. The initial phase is 20 billion yuan.

As of the end of January 2017, CITIC Bank's “One Belt, One Road” fund has reached a scale of 100 billion yuan, and has effectively supported the infrastructure construction of 12 “One Belt, One Road” key cities such as Guangzhou and Hangzhou. The investment in the industry covers rail transit and urban organic renewal. The five major areas of shantytown renovation, new rural construction and ecological culture have been highly recognized by the local government.

For example, CITIC Bank Hohhot Branch has promoted the bank's capital fund special financing service plan around large-scale projects of transportation infrastructure, and has successfully landed 6 funds in Hohhot, Ordos 600295, Buy , Baotou, Chifeng and Tongliao. The scale is about 40 billion yuan, and the scale of the fund creation and marketing promotion is nearly 50 billion yuan.

At the same time, CITIC Bank also set up an overseas “One Belt, One Road” theme fund. In overseas, the bank wholly owned subsidiary of Credit Banks joint investment CITIC Securities 600030, initiated the establishment of overseas buying international business-oriented silver letter "along the way" funds in Hong Kong. With a total size of US$500 million, the fund is mainly used for investment in infrastructure, energy, transportation and accompanying financial and consumer industries in ASEAN countries in China and the “Belt and Road” region.

In order to actively support the national “Belt and Road” construction and realize the strategic vision of “Best Integrated Financing Service Bank”, CITIC Bank has fully utilized the comprehensive synergy of CITIC Group and continued to enrich the financial service product system. In recent years, it has accumulated rich experience in project success. It has the ability to provide comprehensive financing services to the national “Belt and Road” major project construction and domestic enterprises “going out”.

For example, in cross-border mergers and acquisitions, he led the acquisition of Syngenta Group's $ 50 billion deal for the China Chemical Industry Group to provide financing services, led by finance Chu Hai Yi Parker 002 180, bought Technology Co., Ltd. 3.48 billion US dollars acquisition of US company Lexmark In the field of overseas bond underwriting, the Bank has fully leveraged the license advantages of Xinyin Investment Overseas Bonding No. 1 license, and provided underwriting services for Jiangsu Haorui Investment Holdings Co., Ltd. and Danyang Investment Group Co., Ltd. to issue US$300 million in overseas bonds. It also reserves a number of key projects for high-quality domestic enterprises to issue bonds overseas; in the field of project financing, it actively provides financing services for key infrastructure projects in the countries along the “Belt and Road”, and cooperates with CITIC to actively participate in the Royal Port of Alberta. The first phase of commercial real estate development and construction of a £222.5 million project.

As the first national joint-stock commercial bank established in China, CITIC Bank, established in 1987, has entered its age. After 30 years of market tempering, 30 years ago. Since its establishment, CITIC Bank has continuously improved its product and service system by integrating high-quality resources inside and outside the Group, and has embarked on a new development path of joint-stock banks that is compatible with the new normal of China's economy and financial marketization reform. According to the “2017 Global Banking Brand Top 500 List” recently published by the British “Banker” magazine, CITIC Bank ranked 22nd with a brand value of 9.479 billion US dollars, becoming the most influential commercial bank. one.