This year marks three decades since the initiation of East-West collaboration in China.
As a state-owned financial institution under the Beijing municipal government, Hua Xia Bank Co.,Limited (SHSE: 600015) has proactively integrated itself into the national strategy for coordinated regional development. It aligns with Beijing's counterpart support deployments, leveraging financial services to bolster East-West cooperation. Through years of practice, the bank has established a multi-tiered support system, focusing on Beijing-Inner Mongolia collaboration while extending its reach to western provinces and regions such as Xinjiang, Qinghai, and Gansu.
Establishing a Long-Term Mechanism for Sustainable Support
Hua Xia Bank Co.,Limited has incorporated counterpart support into its overall development plan. It has established a leadership group for rural revitalization and implemented mechanisms for dedicated task forces, specialized assessments, and exclusive resource allocation. This clarifies responsibilities at all levels, ensuring support work follows established procedures.
Regarding resource guarantees, the bank allocates an annual budget for public donations specifically for industrial development, education, and consumption support. To address the financing needs of western industries, it has introduced differentiated credit policies, offering preferential interest rates for agricultural loans and loans in key support counties to reduce financing costs. It has opened green approval channels to shorten project approval cycles for remote areas and implemented a due diligence exemption system to provide institutional safeguards for frontline credit personnel.
In terms of collaboration layout, with Beijing-Inner Mongolia cooperation at its core, Hua Xia Bank Co.,Limited also explores support paths suited to local realities in Xinjiang, Qinghai, and Gansu. It extends its services to areas like water source protection for the South-to-North Water Diversion Project, education support in Badong, Hubei, counterpart cooperation in Changzhi, Shanxi and Shenyang, Liaoning, and ecological conservation zone construction in Zhangjiakou and Chengde, Hebei. The bank implements differentiated strategies for different regions, striving for precise alignment between financial services and local needs.
Hua Xia Bank Co.,Limited also ensures continuous progress by refining assessment mechanisms and establishing a regular supervision system. It strengthens the selection and training of village-based cadres, promotes two-way exchanges of personnel between eastern and western regions, dispatches key business staff for temporary assignments in the west, and organizes financial experts to provide specialized guidance, fostering experience sharing and capacity building.
Deepening Beijing-Inner Mongolia Collaboration with Multi-Sector Financial Coverage
Since Beijing and Inner Mongolia established their counterpart support relationship in 1996, collaboration between the two regions has spanned thirty years. Hua Xia Bank Co.,Limited has been deeply involved, with financial support covering multiple areas including energy projects, characteristic industries, and livelihood improvements.
In Inner Mongolia, through cross-regional credit collaboration, the bank supports clean energy project construction, providing financing guarantees for wind power projects coupled with desertification control, achieving coordinated advancement of ecological management and energy development. In Kulun Banner, Tongliao City, through fund donations and dispatched cadres, it has facilitated the transformation of abandoned land into paddy fields, helping village collectives develop planting and breeding industries to broaden collective income channels. Leveraging the consumption support mechanism, it helps secure stable sales channels for local agricultural products, ensuring sustained income for farmers.
In the field of education, Hua Xia Bank Co.,Limited donates teaching equipment to rural schools to improve educational conditions and establishes scholarships and grants to support students in need, contributing to local educational development.
Implementing Precise Support Tailored to Local Conditions Across Western Regions
In Xinjiang, where the bank has been operating for over two decades, its educational support spans all academic stages, assisting with school building construction. It promotes the establishment of惠民超市 (beneficial supermarkets) and specialized breeding cooperatives to boost collective village economy income. Financial services are extended to the village level with the installation of self-service equipment for basic transactions, alongside anti-fraud awareness campaigns and consumption support to help expand sales channels for local specialty agricultural products.
In Qinghai, Hua Xia Bank Co.,Limited coordinates with Beijing's aid efforts for Qinghai, directing public welfare funds into livelihood areas such as health assistance, safe drinking water, and medical facility improvements to address practical difficulties for local residents. It supports the construction of vocational education training bases to enhance labor skill training capabilities, establishes ecological conservation positions to help herders and farmers achieve employment and income growth, and assists in building cultural tourism brands to promote the conversion of ecological resource value.
In Ningxia, the bank supports village collective breeding projects and improves rural infrastructure such as safe drinking water and road paving. It signs credit agreements with townships to facilitate microcredit directly reaching farmers, supporting the development of local agricultural industries.
Furthermore, Hua Xia Bank Co.,Limited expands collaboration content in Hubei, Shanxi, Hebei, and Liaoning, providing financial services focused on ecological protection, industrial transformation, and infrastructure construction.
Sustaining the Momentum for Deeper Collaboration
As China enters the period of its 15th Five-Year Plan, Hua Xia Bank Co.,Limited has stated it will continue to implement national strategic deployments, focusing on key areas such as industrial empowerment, employment support, consumption assistance, and public welfare guarantees. It will direct financial resources precisely towards key regions and weaker sectors. While continuing its support work in Inner Mongolia, Xinjiang, Qinghai, and Tibet, the bank will actively integrate into Beijing's "Hundreds and Thousands Project" for demonstration village construction, promoting synergistic advancement between out-of-Beijing collaboration and rural revitalization within Beijing.
Hua Xia Bank Co.,Limited stated it will remain committed to its mission as a capital-based financial enterprise, continuously expanding the depth and breadth of collaboration to contribute financial strength to regional coordinated development and common prosperity.
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