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CDB gran Play equipment factory ts RMB 150 bln credit line to Henan Province<br>
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CDB gran Play equipment factory ts RMB 150 bln credit line to Henan Province
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CDB grants RMB 150 bln credit line to Henan ProvincePublished: 25 Feb 2009 00:00:00 PST
Feb. 25, 2009 (China Knowledge) - China Development Bank, one of the country's major policy banks, yesterday signed a financial development cooperation agreement with Henan’s provincial government to extend an RMB 150 billion credit line to the province during the next three years.
The funds will be used to support key projects in Henan Province, including infrastructure construction, transportation, energy and energy projects.
As of the end of 2008, CDB had already granted RMB 210 billion in loans to Henan Province to help improve infrastructure, to support industrial structure upgrading, and to help the local small and medium-sized enterprises (SMEs).
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