Chongqing and Chengdu Signed Strategic Cooperation to Strengthen Financial Institutions

Chongqing - The Western (Chongqing) Science City witnessed strategic cooperation on April 26, with an agreement signed by Chongqing high-tech zone, Chongqing City Construction Investment (Group) Co., Ltd., and Sichuan Financial Holding Group Co., Ltd.

Three parties aim to foster legal and financial institutions to enhance financial innovation and service in the Chengdu-Chongqing region. This will contribute to the Chengdu-Chongqing economic circle, promoting high-quality development in the western region. 

The Chongqing high-tech zone, Chongqing City Construction Investment (Group) Co., Ltd., and Sichuan Financial Holding Group Co., Ltd. signed a cooperation agreement on April 26. (Photo/Lei Jian)

Sichuan Financial Holding Group Co., Ltd. is the sole provincial state-owned financial capital operating platform in Sichuan Province, covering banking, financing guarantee, credit enhancement, asset management, small loans, financial leasing, financial technology, etc. The group will bring together financial resources from Chengdu and Chongqing to take the lead in the financial industry in the Western region and the country. 

The Sichuan Financial Holding Group Co., Ltd. will strengthen cooperation with Chongqing High-tech Zone Management Committee in industrial cultivation, facilitating the implementation of various specialized new projects. 

For example, a credit enhancement company is currently being planned in the Chengdu-Chongqing region, where 13 large state-owned enterprises jointly invest with a registered capital of 4.5 billion yuan. 

This project primarily provides credit enhancement services for enterprise financing, expanding the financing channels for companies in both places. 

Deepening capital cooperation, Chongqing City Construction Investment (Group) Co., Ltd. and Sichuan Financial Holding Group Co., Ltd. will expand financial institutions in both places. This will also involve business collaborations, industrial cultivation, information sharing, and talent exchanges.