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Shandong releases 220-odd yuan of credit to support county urbanization

2022/1/14 15:04:34   source:sdchina.com

The financing sign ceremony of Shandong province supporting counties and county-level cities to improve the weak links in urbanization with credit and loan was held in Jinan on Jan. 13, 2022. 501 projects across Shandong received 227.894 billion yuan in credit support.

The projects that have received support are those that focus on the industrial transformation and upgrading, improvement of quality and efficiency and high-quality development in the counties, and are committed to solving urgent problems of the masses, said a related official from Shandong Provincial Development and Reform Commission. “The mode of promoting financing with projects, promoting investment with financing, and boosting consumption with investment is conducive to the implementation of expanding domestic demands, optimize the spatial pattern of urbanization, promote integrated urban and rural development, and accelerate common prosperity of the people.”

The province puts forward that it will strengthen the tracking, coordination, service, fast review, fast approval, and fast release of signed projects, and concentrate on promoting the settlement of credit funds of signed projects. At the same time, the province will step up efforts to ensure factor resources, further strengthen supervision of credit funds, and make full use of existing financial policies to accelerate the launch, production and efficiency of signed projects.

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