Bank of China Sichuan Branch (the Branch) has engaged in bank-enterprise debt financing cooperation as reflected in the recently signed agreements on non-financial institution debt financing instruments with key enterprises in Sichuan, including the lead underwriting agreement on the three billion short-term financing bills with Panzhihua Iron and Steel Group, the lead underwriting agreement on the one billion medium-term bills with China Railway Erju Co., Ltd. and the cooperation agreement on the 10 billion medium-term bills with Sichuan Development Co., Ltd.
Over the past three years after the earthquake in Wenchuan, major well-performing enterprises in Sichuan have seized the historic opportunity to grow as an important force in the fields of iron and steel, transportation, energy and infrastructure construction. To help with the funding needs of these enterprises, the Branch has been active in cooperation in the non-financial institution debt financing instruments with them and has concluded a series of debt financing agreements with Panzhihua Iron and Steel Group, China Railway Erju Co., Ltd. and Sichuan Development Co., Ltd.
At the critical moment for Sichuan to strengthen recovery and expedite development, the Branch will earnestly implement the national "Develop the West" strategy by continuously strengthening its financial support for the post-disaster recovery, key infrastructure construction, industries with competitive advantages and local characteristics, ecology and environment projects and livelihood beneficial projects so as to contribute to stronger enterprises in Sichuan.
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