China Development Bank, one of the prominent policy banks in the country, has intensified its efforts in providing financial support for the development of modern logistics infrastructure.
In a significant move, the policy bank has already granted loans amounting to 12.2 billion yuan (equivalent to approximately 1.73 billion U.S. dollars) since the beginning of this year. These funds are specifically allocated to bolster the construction of crucial national logistics hubs, as well as state-of-the-art cold chain logistics facilities, among other essential components.
Notably, a branch of China Development Bank has been instrumental in facilitating the development of an international logistics port in Hengyang City, located in the central province of Hunan. Since 2022, this particular branch has successfully provided loans totaling 3.52 billion yuan to support the establishment of the logistics port. The envisioned outcome is the creation of an extensive logistics network that radiates across multiple provinces, including Hunan, Guangdong, Jiangxi, and Guangxi.
The bank has firmly committed to providing ongoing financial support for the advancement of modern logistics in the country. With a specific focus on promoting major projects in strategic areas, such as the national logistics hubs and the regional logistics services network, China Development Bank aims to fuel the growth and efficiency of the logistics industry.
By facilitating the construction of cutting-edge logistics infrastructure and fostering the seamless integration of logistics services, China Development Bank plays a vital role in enhancing the nation’s logistics capabilities and supporting the overall economic development.
In summary, China Development Bank’s increased financial support signifies its dedication to driving the progress of modern logistics construction in the country. Through targeted investments in key areas and the provision of substantial loans, the bank actively contributes to the development of national logistics hubs and the optimization of the regional logistics services network, ultimately facilitating the smooth flow of goods and spurring economic growth.