(Economic Observation) Why is the Chongqing International Logistics Hub Park attracted the attention of the financial "friend circle"?
Chinanews, Chongqing, July 30th, title: Why is the Chongqing International Logistics Hub Park attracted the attention of the financial "circle of friends"?
China News Service reporter Liu Xian
The “Belt and Road” 2021 overseas fixed-income bond investor conference series was held in Chongqing recently and was broadcast live globally.
In the afternoon of the same day, nearly a hundred domestic investors rushed to the first line of Chongqing International Logistics Hub Park to visit Chongqing Railway Port and the Enterprise Innovation Service Center of the Pilot Free Trade Zone to gain insights into the industrial diversified ecological construction of the park.
Why is the Chongqing International Logistics Hub Park attracted the attention of the financial "circle of friends"?
The park is located in the west of Shapingba District, Chongqing City. It is a national service standardization pilot park and the first batch of municipal key logistics parks. It was awarded the title of the first batch of "National Demonstration Logistics Parks". It is an inland port-type national logistics hub approved by the National Development and Reform Commission. It is called a livable city as a hub port of the Asian railway and an international gateway.
The “Belt and Road” construction, the western development, the construction of the Chengdu-Chongqing double-city economic circle... can all find examples of implementation and promotion here.
The park has taken the lead in realizing the normal operation of the “Four-Ways” international combined transport corridors of China-Europe Express (Chongqing, New Europe), Western Land and Sea Corridor, "Chongqing, Manchuria, Russia", and "Chongqing-Yong" Express, with 10 routes in and out of each day. Above the special train.
This meeting focused on the eyes of domestic and foreign investors was organized by Chongqing International Logistics Hub Park Construction Co., Ltd. (Chongqing International Logistics Hub Company for short).
As the sole operation and construction platform of the Chongqing International Logistics Hub Park, the company plans to issue approximately US$500 million in overseas fixed-income bonds.
In recent years, Chongqing International Logistics Hub Company has focused on building a rich financial ecosystem, holding shares and introducing various financial institutions, innovating financial settlement methods, developing big data, etc., and providing financial services to enterprises in the park and the “Belt and Road” international trade.
At present, there are more than 100 banks, financial and financial institutions around the world participating in the "One Belt One Road" construction of international logistics hub parks, of which 12.173 billion yuan will be raised in 2020.
With the support of the financial "friend circle", in addition to regular financing, the park successfully promoted Chongqing's first overseas bond issuance that requires the ratings of three major international rating agencies, supply chain financial innovation, financial innovation in the pilot free trade zone, and the first branch in Southwest China Major financial innovations such as the “Belt and Road” public offering special bonds, the first small and micro enterprise credit-enhancing collective bond in Chongqing during the COVID-19 pandemic, international financial cooperation, and the first free trade zone bank at a railway port.
There are many reasons why Chongqing International Logistics Hub Park is so favored by the financial circle. For example, the aforementioned outstanding advantages of "Eurasian Railway Hub Port and International Gateway Livable City".
In addition, the Shapingba District of Chongqing City, where the park is located, also provides strong support.
The picture shows the deputy head of the Shapingba District Government, a member of the Party Leadership Group, and the Secretary of the Party Committee and Director of the Management Committee of Chongqing International Logistics Hub Park, Dai Jianhong, answering investors’ questions.
Photo by He Penglei
Deputy Chief of the Shapingba District Government of Chongqing City, member of the Party Leadership Group, Secretary of the Party Committee and Director of the Management Committee of Chongqing International Logistics Hub Park, Dai Jianhong, when answering questions from investors, introduced that the open platform of Shapingba District is complete and as an important node for Chongqing’s westward development. There are two major high-speed rail hubs, Chongqing West Railway Station and Shapingba Station. It is planned to be deployed as a high-speed rail science city station on the Yuzhong Line. It will gather the Chongqing Free Trade Pilot Zone, Xiyong Comprehensive Bonded Zone, Chongqing Railway Port, Chongqing High-tech Zone and other national development and opening platforms. In 2020 The total volume of imports and exports accounted for nearly 50% of Chongqing.
At the same time, the industry in Shapingba District is booming.
According to Dai Jianhong, the district has formed a supporting pattern of five characteristic industries, including electronic information, equipment manufacturing, commerce and commerce, modern logistics, and cultural tourism.
There are a total of 214 industrial enterprises above designated size, making it an important old industrial base in southwest China. The total industrial output value of the planned industry ranks second in Chongqing.
At the same time, Shapingba District has introduced high-tech enterprises such as China's electronic technology, integrated circuit integration development, high-tech industries and digital economy output value increased by 16.2% and 15.6% respectively.
One out of every four laptops in the world comes from Shapingba.
Shapingba District has gathered world-renowned logistics companies such as Singapore Maple Tree and American AMB.
In addition, the China-Singapore (Chongqing) Strategic Connectivity Demonstration Project (the third inter-governmental cooperation project between China and Singapore, referred to as the China-Singapore Connectivity Project) also provided support for the Chongqing International Logistics Hub Park in many aspects.
The picture shows Yang Yi, deputy director of Chongqing Sino-Singapore Demonstration Project Management Bureau, answering investors' questions.
Photo courtesy of Chongqing International Logistics Hub Park
Yang Yi, deputy director of the Chongqing Sino-Singapore Demonstration Project Management Bureau, introduced to investors that the Sino-Singapore interconnection project has successfully established a Sino-Singapore cross-border financing channel five years ago.
Chongqing and western enterprises can facilitate the use of international commercial loans, cross-border bond issuance, real estate investment trusts and other methods to carry out financing. The accumulated financing amount exceeds 15.5 billion U.S. dollars, covering 10 western provinces and regions.
The Chongqing International Logistics Hub Park is one of the important participants in the China-Singapore interconnection project, which has promoted the implementation of cooperation projects in the fields of logistics and finance.
With the orderly progress of the “opening a new bureau” of the China-Singapore interconnection project, it is believed that the Chongqing International Logistics Hub Park will also usher in better development.
After the online investor conference, many guests gave praise to the Chongqing International Logistics Hub Park.
Jin Jia, executive director of the fixed income department of Guotai Junan Securities (Hong Kong) Co., Ltd., said bluntly that the Chongqing International Logistics Hub Park is worth investing in.
Luo Xuan, senior manager of the marketing department of CEB International Capital Co., Ltd., said that the Chongqing International Logistics Hub Park is one of the most international and open platforms in Chongqing and even in Southwest China.
CEB International has always paid close attention to and supported the development of the park and overseas fund-raising.
It is reported that the funds raised from the bond issuance will mainly provide financial guarantee for the high-quality development of international trade channels and the 35.5 square kilometers of infrastructure construction in the international logistics hub park, introduce overseas companies from Southeast Asia and other countries including Singapore, and improve industries and ports. The economy supports the expansion of the park's heavy assets, while focusing on industries to cultivate urban development to serve the real economy, and to meet the capital needs of the diversified development of enterprises in the park.
Luo Shuquan, Secretary of the Party Committee and Chairman of Chongqing International Logistics Hub Company, stated that in the "14th Five-Year Plan" period and in the future, the company will aim at the high-quality development of China-Europe Express (Chongqing-Xin-Europe) and the new western land-sea channel, and improve the level of port facilities. And the service capacity is advanced to the domestic and even the world's advanced ranks, building an internationally leading gateway hub city.
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