recently china longyuan power has signed the cooperation agreements on financial strategy with seven financial institutions, including china development bank corporation, industrial and commercial bank of china ltd., agricultural bank of china ltd., construction bank of china ltd., bank of communications co., ltd., industrial bank co., ltd., bank of china(hong kong) co., ltd. the total amount of these agreements has amounted to over rmb150 billion yuan. according to the agreements, the financial institutions above will offer various financial services ranging from financing and intermediate businesses to china longyuan power within the agreed limits in the future.
the signing of these agreements indicates that the cooperation of financial business between the company and financial institutions has stepped on a new stage. the company has further consolidated its smooth implementation of multi-level financing strategy which is characterized by “basing on the indirect financing of domestic commercial banks, breaking through in domestic direct financing and making innovations in oversea funding market”. at the same time, financial institutions will spare no effort to help the company to carry out smoothly its “12th five-year” development plan. they will provide long and stable financing support and all-round service to ensure the company’s diversified development with new energies as its core and its expansion in the oversea market.
in the past ten years, the company has risen rapidly and become stronger and stronger in the field of domestic new energies. it has turned out to be the second largest wind power operator in the world. in this process, it has always been favored supported by important financial institutions both within china and abroad because of its forward-looking strategy, professional management and leading position in the industry. through the full cooperation of financial business, the banks and the company have gradually formed the strategic cooperation partnership which is characterized by “long-term cooperation, mutual support and seeking common development”.