60 billion yuan agreement signed in Xi'an

Updated: 2011-12-01 21:46

By Lu Hongyan and Wang Geyu (China Daily Shaanxi Bureau)

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XI'AN- The New Xixian district signed a strategic cooperation agreement valued at 60 billion yuan with five financial institutions in Xi'an on Dec 1.

The five institutions are the Shaanxi branch of China Construction Bank, Bank of China, Shanghai Pudong Development Bank Co Ltd, Hua Xia Bank Co Ltd and Chang'an Bank Co Ltd. The highest intended credit is 20 billion yuan, provided by Shaanxi branch of China Construction Bank. The other four financial institutions’ intended credit are 15 billon, 10 billion, 10 billion and 5 billion respectively.

This activity has been held by the New Xixian District Management Committee together with the Shaanxi financial office. They aim to increase financial support as well as stimulate communication between government and banks.

The goal of the new district is to establish a new image within three years, make a major change within five years and advance a further step within ten years.

The new district is not only essential to make Xi 'an an international metropolis and integrate Xi'an and Xianyang , but also play an important role in developing the northwest of the country.

The new district will consist of the five new towns of Jing River, Kong Gang, Qin Han, Feng Xi and Feng Dong .