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Ningbo and CCB ink strategic cooperation agreement

China Construction Bank (CCB) signed a strategic cooperation agreement on Tuesday with Ningbo municipal government. The move aims to boost Ningbo's marine economy and develop the city into a leader in marine economy. Zhang Jianguo, president of CCB, Wang Huizhong, the party chief of Ningbo, Liu Qi, the Ningbo Mayor, attended the signing ceremony.

Based on the newly inked agreement, the two sides are expected to follow the plan approved by the State Council and Ningbo Municipal Government and meet the target of the "12th Five-Year Plan". They will strive to innovate the co-operation mode, expand cooperation in traditional and emerging businesses, and further consolidate strategic partnership to jointly improve both parties' advantage and competitiveness.

Meanwhile, CCB will provide financial support to Ningbo's marine economic demonstration areas. It will formulate specific policy based on its research on marine economy and prioritize the institutional and financial support for marine economic development. In addition, CCB shall give priority to loan application of the advantageous industries and key construction projects, and improve its efficiency and give full support to Ningbo in its capacity.

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